Winklevoss Twins Back €126M Raise as Treasury BV Plans Euronext Listing

The Winklevoss twins, along with Nakamoto Holdings and other investors, have led a €126 million ($147 million) private funding round for Treasury BV, a Netherlands-based bitcoin treasury firm. Treasury BV plans to use the capital to acquire over 1,000 bitcoins and aims to become the largest publicly traded bitcoin treasury company in Europe. To achieve a public listing, Treasury has entered a binding reverse listing agreement with Dutch investment company MKB Nedsense NV (MKBN), with shares expected to trade under the ticker TRSR on Euronext Amsterdam. The transaction involves MKBN transferring its assets and liabilities to its largest shareholder, Value8 NV, before issuing new shares to Treasury investors at a significant premium, which caused MKBN's stock to surge over 30%. Additionally, Treasury BV has acquired Bitcoin Amsterdam, the region’s flagship bitcoin conference, signaling its commitment to expanding bitcoin adoption across Europe. CEO Khing Oei described this initiative as the start of the 'equitization of bitcoin,' aiming to broaden bitcoin ownership and place it at the core of Europe's financial ecosystem.