Treasury, a Netherlands-based bitcoin treasury firm backed by Cameron and Tyler Winklevoss, has announced plans to list in Amsterdam via a reverse merger with Dutch investment company MKB Nedsense.
According to the companies, the deal values Treasury at a 72% premium to MKB’s July 11 closing share price and targets a consolidated share price of €2.10.
The firm has raised $147 million through private funding led by Winklevoss Capital and Nakamoto Holdings and has accumulated more than 1,000 BTC. Bitcoin treasury companies differ from broader crypto firms by focusing solely on holding Bitcoin as a primary reserve asset.
The listing aims to attract European investors seeking direct exposure to Bitcoin, where options remain limited compared with the U.S. spot ETF market.
The announcement comes as Bitcoin recently hit record highs above $120,000, driven by institutional interest and ETF inflows. The deal is expected to strengthen Europe’s corporate Bitcoin adoption.
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