Treasury BV, a Netherlands-based digital asset treasury company, secured €126 million (approximately $147 million) in a private funding round led by Winklevoss Capital and Nakamoto Holdings. Funds raised will finance acquisition of more than 1 000 bitcoin, reinforcing the firm’s strategy to build a robust on-chain asset base. The investment marks a significant step toward the planned reverse merger listing on Euronext Amsterdam in partnership with MKB Nedsense NV.
The transaction structure involves a binding agreement for reverse listing under ticker TRSR and issuance of new shares at a premium to reflect strategic growth targets. Treasury BV also finalized acquisition of Bitcoin Amsterdam, Europe’s flagship bitcoin conference, to expand adoption initiatives. The acquisition will integrate conference operations into Treasury’s ecosystem, promoting institutional and retail engagement with bitcoin.
CEO Khing Oei outlined a vision for ‘equitization of bitcoin’, emphasizing transparent on-chain asset holdings and regulatory compliance. The listing transaction includes transfer of MKB Nedsense assets and liabilities to major shareholder Value8 NV, followed by issuance of Treasury investor shares. A dividend of €0.0435 per share provides an immediate yield incentive and reflects market-leading pricing relative to recent volume-weighted averages.
Market reaction to the announcement saw MKBN shares jump over 30% at market open, signaling investor confidence in a European-listed bitcoin treasury model. Strategic support from bitcoin pioneers Cameron and Tyler Winklevoss enhances credibility and signals growing institutional interest in on-chain asset management. The transaction sets a precedent for regulated market entry of digital asset treasuries in Europe.
Broader implications include potential expansion of on-chain equity structures and tokenized asset offerings across traditional exchanges. Treasury BV’s path to public listing may catalyze similar initiatives, bridging decentralised finance with regulated capital markets. Regulatory engagement and transparent governance will be critical as digital asset treasuries seek mainstream adoption and price discovery.
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