Winklevoss Twins Back Treasury BV in $147 Million Bitcoin Push

Treasury BV raised $147 million, backed by the Winklevoss Twins, to purchase Bitcoin and pursue a listing on Euronext Amsterdam. The deal positions the firm as a leader in Europe’s growing Bitcoin treasury space.

Treasury BV has raised $147 million in a funding round led by Winklevoss Capital and Nakamoto’s Holding, marking one of the most significant Winklevoss Bitcoin investment moves in Europe. With this capital, the company has already purchased 1,000 Bitcoin directly from the market, signaling its intent to position itself as a leading force in Europe’s crypto landscape.

Building Europe’s Largest Bitcoin Treasury

The firm’s strategy centers on becoming the continent’s largest publicly traded Bitcoin treasury. To achieve this, Treasury BV has entered a binding agreement with Dutch investment company MKB Nedsense NV (MKBN).

Under the deal, MKB Nedsense will transfer its assets and liabilities to its main shareholder, Value8. Afterward, it will issue new shares at €4.35, representing a 72% premium over MKB Nedsense’s July 11 closing price. This bold move highlights how the Winklevoss Bitcoin investment is reshaping market valuations in the region.

Public Listing on Euronext Amsterdam

As part of its growth strategy, Treasury BV will pursue a reverse merger on Euronext Amsterdam. Following this, it will trade under the ticker symbol TRSR. Therefore, the listing marks a major milestone in the firm’s journey to integrate Bitcoin more deeply into Europe’s financial system.

CEO Khing Oei stressed that Bitcoin is “shaping the future of global financial markets.” He noted that the equitization of Bitcoin will broaden ownership and access, ultimately placing it on par with traditional asset classes.

Winklevoss Brothers Double Down on Bitcoin

Meanwhile, the Winklevoss brothers continue to expand their global influence in crypto. Apart from supporting Treasury BV, they have filed for an IPO valued at $2.2 billion for their exchange, Gemini.

In late August, they invested around $21 million (approximately 188 Bitcoin at the time) into the Digital Freedom Fund PAC, a U.S. initiative pushing for crypto-friendly policies. This underscores how the Winklevoss Bitcoin investment strategy goes beyond Europe, targeting both markets and policy advocacy worldwide.

Europe’s Expanding Crypto Landscape

The timing of this initiative is significant. Europe’s crypto adoption is rising, with companies like Bybit recently launching a crypto card that offers 20% cashback. Similarly, CoinCheck has strengthened its regional presence by acquiring local startups.

As a result, the Winklevoss Bitcoin investment in Treasury BV highlights not just the brothers’ confidence in the future of digital assets but also Europe’s growing role in merging traditional finance with the crypto economy.