The new Bitcoin Treasury reserve management company backed by the Winklevoss brothers holds 1,000 Bitcoins and aims to list on Euronext Amsterdam.
The European Bitcoin market is witnessing the emergence of an ambitious new player as Treasury, a Bitcoin reserve management company, announced the completion of a $147 million Capital round. The move is aimed at implementing a large-scale Bitcoin accumulation strategy, following the successful model of Strategy in the US market.
The round was led by Winklevoss Capital and Nakamoto Holdings, with participation from prestigious investment funds such as UTXO Management, Off The Chain Capital, M1 Capital and Mythos Venture Partners. Treasury now owns 1,000 Bitcoins in its portfolio and aims to become one of the largest Bitcoin reserve holders in Europe.
The company plans to enter the European stock market through a reverse listing with MKB Nedsense NV, with the aim of listing on Euronext Amsterdam. According to Treasury, the Capital raised will be used to “accelerate its Capital markets strategy, leveraging both Capital and debt to systematically accumulate Bitcoin, generate Bitcoin yields, and launch innovative Capital markets initiatives.”
Advisory team and expansion strategy
To bolster its position, Treasury has invited Cameron and Tyler Winklevoss, founders of the Gemini exchange, and David Bailey, CEO and Chairman of the Board of KindlyMD, to join its Strategic Advisory Council. Tyler Winklevoss highlighted the geographic significance of choosing Amsterdam as the headquarters, calling the city “the birthplace of the joint-stock company and the stock market—two of the world’s greatest financial innovations.”
“Through Treasury, we continue this tradition by bringing Bitcoin – the greatest financial innovation of this century – to investors in the Netherlands and Europe,” he stated . This stance reflects Treasury ’s ambition to position Bitcoin as a strategic reserve asset for corporations and institutional investors in the region.
In addition to its investment activities, Treasury is also committed to raising awareness of Bitcoin’s potential in the European Capital markets. The company has acquired the organizers of Bitcoin Amsterdam, one of the largest Bitcoin conferences in Europe, to “educate, engage and connect investors, institutions and builders with the transformative potential of Bitcoin.” This strategy shows that Treasury is not only focused on accumulating assets but also on building a comprehensive Bitcoin ecosystem in the European market.
