Dutch Bitcoin treasury startup ‘Treasury B.V.’ is on the relocate to create the largest corporate Bitcoin treasury in Europe. In a recent report by Bloomberg announced it raised $147 million in private funding, with the intention of utilizing the raised capital to purchase more of the digital asset.
Winklevoss Capital, the venture firm founded by Gemini co-founders Cameron and Tyler Winklevoss, acted as the primary investor in the round, signaling not only strong institutional interest in Treasury B.V.’s plans but also a decisive presence in the business sector of digital assets.
The funding also drew support from a mix of Bitcoin-native and traditional venture firms, including UTXO Management, Off the Chain Capital, M1 Capital, and Mythos Venture Partners.
Treasury B.V. plans to go public via a reverse listing on Euronext Amsterdam, in a reverse merger with the shell company MKB Nedsense N.V., introducing a new entity trading under the ticker TRSR.
Once listed, the company aims to aggressively push for institutional Bitcoin accumulation, akin to the likes of Strategy and Metaplanet. CEO Khing Oei, a former hedge fund manager with experience at Goldman Sachs and Fortress Investment Group, is leading Treasury B.V. into this new venture, alongside its strategic board, which will also include the WinkleVoss twins.
Businesses that are somehow involved with digital assets, be it via cryptocurrency treasuries or even owning crypto-focutilized platforms like centralized exalters, are displaycasing a broader interest in seeking public market exposure. This trfinish reflects an increasingly favorable regulatory condition for these firms and signals a strategic pivot toward mainstream financial integration.
Gemini itself is on the verge of going public, after filing for an IPO with the U.S. Securities and Exalter Commission a couple of weeks ago. The company plans to raise $317 million for a listing on Nasdaq, aiming for a valuation worth $2.2 billion.
Crypto companies like Ripple are backing Gemini’s institutional relocate, and if successful, the firm would become the third cryptocurrency exalter to land on Wall Street after Coinbase and Bullish.
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