Treasury BV Raises Funding to Become Europe's Largest Publicly Traded Bitcoin Holding
Treasury BV announced that it has raised one hundred twenty-six million euros, equivalent to one hundred forty-seven million dollars, in a private funding round. The investment round was led by Winklevoss Capital and Nakamoto Holdings. The funds raised allowed the company to purchase over a thousand bitcoins at the current price. This strategic decision is aimed at becoming the largest publicly traded company in Europe that owns bitcoin.
To go public, the company, led by CEO Khing Ooi, entered into a binding agreement with Dutch investment firm MKB Nedsense NV, which specializes in working with small and medium-sized enterprises. The deal involves a reverse takeover with a listing on Amsterdam's Euronext stock exchange. With the backing of industry pioneers including Tyler and Cameron Winklevoss, Treasury has announced its intention to lead Europe's Bitcoin strategy.
The Dutch company also announced the acquisition of Bitcoin Amsterdam, Europe's leading Bitcoin conference, in a move that aims to expand efforts to popularize and implement the technology in the region.
CEO Khing Ooi noted that Bitcoin is actively shaping the future of global financial markets. According to him, the next wave, which he called Bitcoin corporatization, will significantly expand access to this asset and its scope of application, allowing it to compete on an equal footing with traditional financial markets. Treasury was created to level the playing field in Europe, providing greater access to Bitcoin and strategically placing it at the center of the region's financial ecosystem.
As part of the listing transaction, MKB Nedsense will transfer all of its assets and liabilities to its largest shareholder, Value8 NV. Following this, new shares will be issued to Treasury investors. The issue price of these shares, combined with a dividend of four point thirty-five euro cents per share, represents a premium of seventy-two percent to the closing price of MKBN shares on July 11. The premium to the weighted average price over the past three months is ninety percent.
Following the successful completion of the deal, the company plans to trade under the new ticker symbol TRSR. The day after the announcement of the upcoming deal, MKB Nedsense shares rose by more than thirty percent, reaching fifteen euro cents.
Source: cryptonews.net
