Overview

• Treasury closed a €126 million private round led by Winklevoss Capital and Nakamoto Holdings with participation from more than 50 investors.
• The company disclosed holdings of over 1,000 BTC and said it will use the proceeds to acquire more than 1,000 additional bitcoins.
• Treasury intends to list via a reverse merger with MKB Nedsense, which would be renamed Treasury N.V. and trade under the ticker TRSR, subject to shareholder votes and an asset transfer to Value8 NV.
• Transaction terms indicate a substantial premium to MKB Nedsense’s recent prices with a 4.35 euro cent dividend, and MKBN shares jumped more than 30% on the news.
• The firm acquired the Bitcoin Amsterdam conference and named advisors including Tyler and Cameron Winklevoss and David Bailey, with trading targeted as early as Q4 2025 if approvals are secured.