Euro-denominated Bitcoin company Treasury has launched with an initial funding of 126 million euros ($147 million), allowing it to start with a balance of over 1,000 BTC. The funding round was led by Winklevoss Capital and Nakamoto Holdings. Treasury aims to be the first Bitcoin treasury company listed on a primary European exchange by merging with MKB Nedsense through a reverse listing. The company plans to enhance its Bitcoin holdings through future equity issuance and convertible debt. With their starting allocation of 1,000 BTC, Treasury ranks as one of Europe's notable corporate Bitcoin holders, following firms like Bitcoin Group and Sequans Communications. While many firms are exploring the Bitcoin treasury model, there are criticisms regarding the risks of excessive leverage. Treasury's CEO, Khing Oei, emphasized the importance of monitoring leverage levels compared to competitors. The increasing interest in Bitcoin treasury firms also coincides with warnings from experts about potential market instability reminiscent of past financial crises.

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