Treasury BV, a Netherlands-based firm backed by Tyler and Cameron Winklevoss, said it raised €126 million ($147 million) in a private funding round led by Winklevoss Capital and Nakamoto Holdings to build what it calls Europe’s largest publicly traded bitcoin treasury company.
The funding will allow Treasury BV to acquire more than 1,000 bitcoin (the report cited a reference price of $111,323.58 per BTC) and pursue a reverse listing on Euronext Amsterdam. The company, led by CEO Khing Oei, entered a binding agreement with Dutch investment firm MKB Nedsense NV (MKBN) for a reverse takeover and expects to trade under the ticker TRSR once the deal completes.
Under the plan, MKBN will transfer its assets and liabilities to its largest shareholder, Value8 NV, and then issue new shares to Treasury’s investors. The issuance price, plus a dividend of €0.0435 per share, implies roughly a 72% premium to MKBN’s undisturbed July 11 close and about a 90% premium to the three-month VWAP. MKBN shares climbed more than 30% in early trading, reaching about €0.15.
Treasury also announced the acquisition of Bitcoin Amsterdam, the region’s flagship bitcoin conference — a move that pairs balance-sheet accumulation with direct adoption and community outreach.
Why this matters: the transaction bundles fundraising, conference ownership and a public listing into a single strategy designed to broaden access to bitcoin across Europe through a listed vehicle that targets both institutional and retail investors.
Risk note: holding large bitcoin positions and pursuing a public listing expose stakeholders to market volatility and evolving regulatory risk across Europe; investors should weigh price risk and compliance uncertainty before participating.
Source: CoinDesk. Read the original coverage for full details.