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The Gemini co-founders are supporting Netherlands-based Treasury BV as it pursues a reverse listing on Euronext Amsterdam to become Europe’s leading bitcoin treasury company.
Sep 3, 2025, 9:10 a.m.
Treasury BV said it raised 126 million euros ($147 million) in a private funding round led by Winklevoss Capital and Nakamoto Holdings, allowing it to acquire more than 1,000 bitcoin BTC$111,263.30 as it seeks to become the largest publicly traded European bitcoin treasury company.
For the public listing, the company led by CEO Khing Oei entered into a binding agreement with MKB Nedsense NV (MKBN), a Dutch investment company focused on small and medium-sized enterprises, to execute a reverse listing on Euronext Amsterdam. Backed by bitcoin pioneers including Tyler and Cameron Winklevoss, Treasury said it plans to lead Europe’s bitcoin strategy.
The Netherlands-based firm also announced the acquisition of Bitcoin Amsterdam, Europe’s flagship bitcoin conference, to expand adoption efforts.
"Bitcoin is shaping the future of global financial markets, and the next wave, which we call the equitization of bitcoin, is expected to dramatically broaden access and ownership that will rival traditional markets," Oei said in a statement. "Treasury was established to level the playing field in Europe by expanding access and strategically positioning bitcoin at the core of the region’s financial ecosystem."
As part of the listing transaction, MKB Nedsense will transfer all its assets and liabilities to its largest shareholder, Value8 NV, before issuing new shares to Treasury’s investors. The issuance price of these shares, combined with a dividend of 4.35 euro cents per share, represents a premium of 72% compared to MKBN’s undisturbed July 11 closing price and a 90% premium to the three-month volume-weighted average price.
The company expects to trade under the ticker TRSR once the transaction is complete.
MKBN shares climbed more than 30% after the market opened, reaching 15 euro cents.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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