The Winklevoss Twins Cash In: Bitcoin Firm Goes Public & Gemini’s Big IPO

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Well, it seems the cryptocurrency world has caught the “going public” bug, and it’s spreading faster than a viral meme. Our latest headline involves a shiny new Bitcoin treasury firm backed by none other than the Winklevoss twins-yes, those Olympic rowers-turned-cryptocurrency moguls-who are now diversifying their empire with a splashy IPO in Amsterdam. Who knew that fintech brothers with a Harvard past and a Facebook lawsuit could also master the art of the stock market? 😎

Treasure Hunt in Amsterdam

According to some bright-eyed report by Reuters, the company, whimsically called Treasury (no relation to the piggy bank on your desk), is planning to hop onto the Amsterdam stock exchange through something called a reverse merger-think of it as a corporate magic trick where one company sneaks into another to get listed faster and with less fuss. They’re doing this with Dutch investment firm MKB Nedsense-imagine a merger where no one actually has to buy or sell anything, and everyone just smiles quietly. 😊

The Amsterdam-based firm grabbed a hefty €126 million (about $147 million, give or take a few caffeine-fueled brain cells) in private funding led by Winklevoss Capital and Nakamoto Holdings (presumably named after Mr. Satoshi himself). It’s a bit like having a big fat cheque from your crypto-rich relatives-talk about sibling rivalry! The plan is to boost the share price by a shiny 72%, rising from €0.7 to a sparkling €2.10 after the merger-fingers crossed they don’t end up with a blue screen of death instead. 🖥️

Before they get all glamorous and rebranded as “Treasury N.V.” (it sounds classier, doesn’t it?), MKBN will have an shareholders’ meeting to give the thumbs-up. After the toast and champagne, they’ll trade under the snappy ticker “TRSR.” Meanwhile, in the broader Dutch crypto scene, Amdax announced its own plans to launch a Bitcoin treasury company called AMBTS on Euronext Amsterdam-because apparently, everyone wants a piece of that digital pie. 🥧

Now, what exactly do these Bitcoin treasury companies do? Simply put, they hoard Bitcoin like squirrels burying nuts for winter-reserving it as their main asset instead of stuffing cash into a soggy mattress. Unlike traditional firms, which hold dollars and dreams, these guys are CB (cryptocurrency bunnies), accumulating Bitcoin for the long haul. A prime example is Michael Saylor’s company, Strategy (formerly MicroStrategy), which treats Bitcoin like a new religion-adding over a thousand more like it’s collecting rare stamps. Currently, Treasury owns over 1,000 Bitcorns, which is adorable compared to Strategy’s 636,000-a stash that would make even Scrooge McDuck jealous. But hey, size isn’t everything-sometimes it’s about the long game, or in this case, the long Bitcoin. 🐿️

Winklevoss Twins Take on Wall Street

And if that wasn’t enough, the twins are also preparing to give the traditional IPO a good shake-up with Gemini-their shiny, shiny crypto exchange-aiming for a valuation of up to $2.22 billion. Yes, billion with a ‘B’! They plan to offer 16.67 million shares, priced between $17 and $19 each, under the charming ticker “GEMI” (because who doesn’t love a good acronym?). If all goes according to plan, this could raise roughly $317 million-enough to buy a small island or at the very least, a decent coffee machine. ☕️

If successful, Gemini will be the third crypto exchange to go public in the US, joining the ranks of Coinbase and Bullish-because apparently, everyone wants a seat at the digital trading table. So sit back, relax, and watch as these crypto heavyweights turn Wall Street into their personal playground. 🏦

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2025-09-04 09:24