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Treasury BV Raises €126M to Acquire Over 1,000 Bitcoin

Treasury BV Raises €126M to Acquire Over 1,000 Bitcoin

Backed by Winklevoss Capital and Nakamoto Holdings, the new Bitcoin treasury firm raised €126 million to accumulate BTC and plans a reverse listing on Euronext Amsterdam, aiming to become a leading Bitcoin ambassador in Europe.

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Fact Check
Two sources, Chaincatcher and CoinDesk, corroborate that Treasury BV raised €126 million. The Chaincatcher source explicitly states the funds were used to acquire over 1,000 bitcoins, directly supporting the entire statement. While the CoinDesk source mentions a different acquisition, it confirms the fundraising amount and does not directly refute the bitcoin purchase. The other provided sources are irrelevant as they pertain to other companies.
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Summary

Treasury B.V., a new euro-denominated Bitcoin treasury company, has raised €126 million ($147 million) in a private funding round led by Winklevoss Capital and Nakamoto Holdings. The firm has already used the funds to acquire over 1,000 Bitcoin and intends to pursue a reverse listing on Euronext Amsterdam. Led by CEO Khing Oei, Treasury also acquired Amsterdam Decentralized B.V., the host of the Bitcoin Amsterdam conference, to promote Bitcoin adoption. Its strategic advisory board will include Cameron and Tyler Winklevoss and David Bailey.

Terms & Concepts
  • Bitcoin treasury company: A company that holds Bitcoin as its primary reserve asset, similar to how traditional companies hold cash or gold reserves.
  • Reverse Listing: A process where a private company goes public by acquiring an already-listed company, bypassing the traditional IPO process.
  • Euronext Amsterdam: The Dutch branch of the pan-European stock exchange where Treasury B.V. plans to list its shares.