A prominent Bitcoin treasury firm backed by the Winklevoss twins is preparing to make its public debut in Amsterdam. The treasury firm backed by Winklevoss Capital and Nakamoto Holdings will go public on Euronext Amsterdam through a reverse merger with Dutch investment company MKB Nedsense pending shareholder approval.
According to official filings, the Bitcoin treasury firm will see MKB Nedsense rebranded as Treasury N.V. with the new entity trading under the ticker symbol TRSR. Shareholders of MKB Nedsense will soon vote on the proposal and if the Bitcoin treasury firm’s plan is approved trading could begin as early as the fourth quarter of this year.
As of its latest disclosure, the Bitcoin treasury firm holds more than 1,000 BTC positioning it as one of the few entities in Europe structured exclusively around a treasury strategy.
The treasury firm has already raised €126 million (approximately $147 million) in private funding and intends to leverage its public listing to further expand its BTC holdings. The reverse merger values the Bitcoin treasury firm at a 72% premium over MKB Nedsense’s recent market price, with shares expected to trade around €2.10 post merger.
The Rise of Bitcoin Treasury Firms in Europe
The treasury firm aims to attract investors seeking exposure to Bitcoin in a region where such opportunities remain scarce. Across much of Europe, direct access to Bitcoin through public markets is still relatively limited with few regulated vehicles available for investors. The firm’s move to Euronext Amsterdam is seen as a significant step in broadening these options.
On a similar front, Dutch firm Amdax revealed intentions to establish its own treasury venture, AMBTS (Amsterdam Bitcoin Treasury Strategy), with intentions to pursue a public listing on Euronext Amsterdam. This trend highlights the growing interest in Bitcoin treasury firms across Europe, as more investors look for regulated and transparent ways to gain exposure to digital assets.
With its upcoming listing, the Winklevoss twins backed Bitcoin treasury firm is poised to play a leading role in shaping the future of Bitcoin investment vehicles in Europe.