Amsterdam-Based Treasury Secures Funding, Buys 1,000 BTC for Public Listing

Bitcoin

Amsterdam-Based Treasury Secures Funding, Buys 1,000 BTC for Public Listing

A new player is entering Europe’s Bitcoin treasury race. Amsterdam-based Treasury has secured €126 million ($147 million) in initial funding to buy more than 1,000 BTC, instantly vaulting it into the ranks of Europe’s largest corporate holders.

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The private round was led by Winklevoss Capital and Nakamoto Holdings.

Path to Euronext Listing

Treasury plans to become the first Bitcoin treasury company listed on a major European exchange. Instead of a traditional IPO, the firm will pursue a reverse listing by merging with Dutch lender MKB Nedsense, giving it direct access to Euronext Amsterdam. CEO Khing Oei said the company will rely on both equity issuance and convertible debt to steadily grow its Bitcoin reserves.

Joining Europe’s Top Holders

The move puts Treasury alongside some of the continent’s most prominent corporate BTC holders. According to BitcoinTreasuries.net, Germany’s Bitcoin Group leads with 3,605 BTC, followed by Sequans Communications in France with 3,205 BTC and the UK’s Smarter Web Company with 2,440 BTC.

Competition is heating up: Dutch crypto services firm Amdax also plans to launch a Bitcoin treasury listed on Euronext. With several companies now vying for investor attention, the European market for Bitcoin-focused treasuries is beginning to resemble the corporate race already underway in the U.S.


The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.

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Author

Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.

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