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yesterday

Winklevoss-Backed Treasury BV Secures €126 Million, Moves to Reverse List in Amsterdam

The bitcoin treasury is pursuing a reverse merger that would bring its shares to Euronext Amsterdam under TRSR once required approvals are in place.

Bitcoin logo, representation of cryptocurrencies and rising stock graph are seen in this illustration taken, July 7, 2022. REUTERS/Dado Ruvic/Illustrations
Winklevoss twins back $147m raise for treasury’s landmark european bitcoin listing
Treasury has announced new funding.
Winklevoss twins

Overview

  • Treasury BV closed a €126 million private round led by Winklevoss Capital and Nakamoto Holdings to acquire more than 1,000 bitcoin.
  • It signed a binding agreement with MKB Nedsense for a reverse listing on Euronext Amsterdam, positioning the firm to become a publicly traded bitcoin treasury in Europe.
  • Under the deal, MKB Nedsense will transfer its assets and liabilities to Value8 NV before issuing new shares to Treasury’s investors.
  • The terms include a 4.35 euro‑cent dividend and imply a 72% premium to MKBN’s July 11 close and a 90% premium to its three‑month VWAP.
  • The combined entity is expected to trade as TRSR pending shareholder and regulatory approvals, Treasury acquired the Bitcoin Amsterdam conference to support adoption, and MKBN shares jumped more than 30% to €0.15 on the news.