Winklevoss Capital and Nakamoto Holdings have launched Treasury BV, a new Bitcoin treasury company that has raised approximately $147 million (€126 million). The firm is preparing to list on Euronext Amsterdam through a reverse merger with Dutch company MKB Nedsense, rebranding itself to Treasury N.V. with the ticker TRSR. The company currently holds over 1,000 BTC, valued at more than $110 million, and intends to expand its Bitcoin reserves through further equity and convertible debt offerings. The move positions Treasury as Europe's leading Bitcoin treasury firm and aims to enhance institutional access to Bitcoin in regions where investment products like spot Bitcoin ETFs are less established. The funding round also included investors like UTXO Management and Off the Chain Capital. This initiative follows the approval of US spot Bitcoin ETFs and aims to establish a significant corporate Bitcoin treasury presence in Europe, potentially influencing Bitcoin treasury models beyond the US.

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