Treasury BV Raises €126 Million for European Bitcoin Listing
Treasury BV raised 126 million euros ($147 million) in a funding round led by Winklevoss Capital and Nakamoto Holdings to acquire over 1,000 bitcoin (BTC). The company aims to become the largest publicly traded European bitcoin treasury firm.
Key points include:
- Treasury has signed a binding agreement with MKB Nedsense NV for a reverse listing on Euronext Amsterdam.
- The firm plans to lead Europe's bitcoin strategy, backed by Tyler and Cameron Winklevoss.
- Treasury acquired Bitcoin Amsterdam to enhance bitcoin adoption efforts.
- CEO Khing Oei emphasized the potential of bitcoin to change global financial markets.
- MKB Nedsense will transfer assets and liabilities to Value8 NV, followed by issuing new shares to Treasury’s investors.
- The new shares will have a premium of 72% over MKBN’s July 11 closing price.
- Treasury expects to trade under the ticker TRSR post-transaction.
- MKBN shares rose over 30%, reaching 15 euro cents after the announcement.