TLDR
- Treasury BV raised $147 million in funding to expand its Bitcoin treasury and acquire 1,000 Bitcoin.
- The funding round was led by Winklevoss Capital, headed by Cameron and Tyler Winklevoss.
- Treasury BV plans to become the largest publicly traded Bitcoin treasury in Europe.
- The firm entered a binding agreement with MKB Nedsense for a reverse merger on Euronext Amsterdam.
- MKB Nedsense will issue new shares at a 72% premium as part of the merger agreement.
Treasury BV, a firm focused on Bitcoin treasury, has raised $147 million to acquire crypto assets. The funding round was led by Winklevoss Capital, owned by Cameron and Tyler Winklevoss. This investment will help Treasury BV purchase 1,000 Bitcoin and expand its presence in Europe.
Strategic Bitcoin Expansion Plans in Europe
Treasury BV intends to position itself as the largest publicly traded Bitcoin treasury in Europe. To achieve this, the firm entered a binding agreement with Dutch investment company MKB Nedsense NV (MKBN). The plan involves a reverse merger on Euronext Amsterdam, where Treasury BV will trade under the ticker symbol TRSR.
In the merger, MKB Nedsense will transfer its assets and liabilities to Value8, its largest shareholder. MKB Nedsense will also issue new shares at €4.35, representing a 72% premium. This pricing reflects the company’s confidence in the future growth of its Bitcoin treasury.
Winklevoss Brothers Support and Market Outlook
The Winklevoss brothers, long-time supporters of Bitcoin, continue to drive the firm’s strategy. They are also pursuing an IPO with a $2.2 billion valuation, according to recent filings. The twins have invested $21 million into the Digital Freedom Fund PAC to promote crypto-friendly policies.
The Winklevoss-backed Bitcoin treasury is part of a broader wave of growing interest in crypto assets in Europe. Firms like Bybit and CoinCheck are expanding, signaling increasing activity in the region. As Treasury BV moves forward, it aims to make Bitcoin a central part of Europe’s financial system.
CEO Khing Oei emphasized Bitcoin’s importance, saying,
“Bitcoin is shaping the future of global financial markets.”
Treasury BV believes Bitcoin’s equitization will broaden access and ownership, rivaling traditional markets.
