What to know:
- Treasury has secured $147 million in a round led by Winklevoss Capital and Nakamoto Holdings, using the funds to acquire more than 1,000 bitcoin.
- The firm also purchased Bitcoin Amsterdam, strengthening its push to drive adoption while preparing to list through a reverse merger with MKB Nedsense.
In this article
BTCBTC$111,263.30◢0.74%In simpler terms, Treasury BV announced they successfully secured 126 million euros ($147 million) in a private investment round, primarily led by Winklevoss Capital and Nakamoto Holdings. This capital influx enabled them to purchase over 1,000 bitcoins, aiming to establish themselves as the leading publicly traded European company holding bitcoin as treasury reserves.
The company headed by CEO Khing Oei has signed a legally binding agreement with MKB Nedsense NV, a Dutch investment firm specializing in small and medium-sized businesses, for a reverse listing on Euronext Amsterdam. Meanwhile, the Treasury, with backing from early bitcoin advocates like Tyler and Cameron Winklevoss, intends to take the lead in shaping Europe’s strategy regarding bitcoin.
Additionally, the Dutch company declared their purchase of Bitcoin Amsterdam, a leading European bitcoin conference, as part of their strategy to increase bitcoin acceptance.
Bitcoin’s influence on the global financial sector is reshaping the future, with an upcoming development, referred to as ‘equitization of bitcoin,’ poised to significantly widen participation and ownership. This could potentially match or even surpass traditional markets, according to Oei in a statement. The Treasury aims to create a more balanced environment in Europe by increasing accessibility and placing bitcoin at the heart of the region’s financial infrastructure.
In this transaction related to the listing, MKB Nedsense plans to transfer all its assets and debts to Value8 NV, its main shareholder. Following this, new shares will be issued to Treasury’s investors. The cost of these shares, along with a dividend of 4.35 euro cents per share, provides an increase of 72% compared to MKB Nedsense’s closing price on July 11 and a rise of 90% over the average price of the past three months.
The company expects to trade under the ticker TRSR once the transaction is complete.
MKBN shares climbed more than 30% after the market opened, reaching 15 euro cents.
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2025-09-03 13:26