Treasury BV has announced raising $147 million from investors to begin purchasing crypto assets, primarily Bitcoin.
The funding round, led by Winklevoss Capital — headed by Cameron and Tyler Winklevoss — alongside Nakamoto’s Holding, enabled the company to acquire 1,000 Bitcoin directly from the market.
This move is part of Treasury BV’s strategy to expand across Europe while positioning itself as the largest publicly traded European Bitcoin treasury.
The firm has entered a binding agreement with Dutch investment company MKB Nedsense NV (MKBN), which focuses on small and medium-sized enterprises, to pursue a public listing. The plan involves a reverse merger on Euronext Amsterdam, where Treasury BV will trade under the ticker symbol TRSR.
As part of the agreement, MKB Nedsense will transfer its assets and liabilities to its largest shareholder, Value8, before issuing new shares.
According to Reuter new shares will be priced at €4.35, representing a 72% premium over MKB Nedsense’s closing price on July 11.
Treasury BV CEO Khing Oei said, “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.”
He added that the initiative aims to “level the playing field in Europe” by making Bitcoin a central part of the continent’s financial system.
The Winklevoss brothers, co-founders of the Gemini crypto exchange and long-time supporters of Bitcoin, have also filed for an initial public offering (IPO) with a valuation of $2.2 billion, according to a Tuesday filing reported by FinanceFeeds.
In late August, they invested around $21 million — approximately 188 Bitcoin at the time — into the Digital Freedom Fund PAC, an initiative pushing for more crypto-friendly policies in the United States.
Meanwhile, Europe’s crypto landscape is seeing increased activity. Bybit recently launched a crypto card with an exclusive 20% cashback offer, while firms such as CoinCheck are expanding their presence through the acquisition of local startups.
