Winklevoss Capital Backs $147M Treasury BV Raise to Build Europe’s Largest Bitcoin Treasury

Treasury BV, a Netherlands-based firm aiming to become Europe’s largest publicly traded bitcoin treasury company, has raised €126 million ($147 million) in a private funding round led by Winklevoss Capital and Nakamoto Holdings. 

The funding will allow the company to acquire more than 1,000 bitcoin (BTC), positioning itself at the forefront of institutional bitcoin adoption in Europe.

Reverse Listing on Euronext Amsterdam

To go public, Treasury BV has entered into a binding agreement with Dutch investment firm MKB Nedsense NV (MKBN) to execute a reverse listing on Euronext Amsterdam. As part of the transaction, MKBN will transfer all its assets and liabilities to its largest shareholder, Value8 NV, before issuing new shares to Treasury’s investors.

Treasury BV announcement (Source: treasury-btc.com)

The new issuance, paired with a dividend of €0.0435 per share, represents a 72% premium to MKBN’s July 11 closing price and a 90% premium compared to the three-month average. Once complete, Treasury BV expects to trade under the ticker TRSR. Following the announcement, MKBN’s stock surged more than 30%, reaching €0.15 in early trading.

Winklevoss Backing and Strategic Expansion

Treasury BV’s latest milestone is backed by bitcoin pioneers Tyler and Cameron Winklevoss, whose firm Winklevoss Capital has long invested in digital asset infrastructure. With their support, Treasury BV aims to spearhead what it calls the “equitization of bitcoin”—a movement to expand bitcoin ownership through traditional equity markets.

CEO Khing Oei emphasized that the company’s mission is to put bitcoin at the center of Europe’s financial ecosystem. “Bitcoin is shaping the future of global financial markets, and the next wave, which we call the equitization of bitcoin, is expected to dramatically broaden access and ownership that will rival traditional markets,” Oei said in a statement.

Acquisition of Bitcoin Amsterdam

In addition to its treasury ambitions, Treasury BV announced the acquisition of Bitcoin Amsterdam, Europe’s flagship bitcoin conference. The move underscores its efforts to drive adoption by engaging directly with the region’s growing crypto community and positioning itself as a hub for both capital markets and grassroots engagement.

The developments mark a major step for Europe in the global race to institutionalize bitcoin. With strong backing from the Winklevoss twins and other industry leaders, Treasury BV is positioning itself not just as a bitcoin holding company, but as a public vehicle to integrate bitcoin into Europe’s financial markets.

As Treasury prepares to list under TRSR on Euronext Amsterdam, its bold strategy could serve as a model for future bitcoin treasury firms across the continent.