In a major step for Bitcoin’s adoption in European financial markets, Gemini co-founders Cameron and Tyler Winklevoss have backed a $147 million (€126 million) private funding round for Treasury BV, a Netherlands-based Bitcoin-only treasury firm.

A Reverse Listing on Euronext Amsterdam

The capital injection, supported by Winklevoss Capital and investment group Nakamoto Holdings, will enable Treasury BV to complete a reverse takeover of Dutch-listed company MKB Nedsense. Following the merger, the entity will rebrand as Treasury N.V. and list on Euronext Amsterdam under the ticker symbol TRSR.

This strategic move positions Treasury as one of the first publicly traded firms in Europe solely dedicated to holding Bitcoin. By opting for a reverse listing, Treasury sidesteps the traditional IPO process, accelerating its entry into public markets.

Building a European Bitcoin Treasury Powerhouse

Treasury has already accumulated over 1,000 BTC for its reserves, with plans to expand holdings using the newly raised funds. The company’s goal is to become Europe’s premier Bitcoin treasury, offering traditional investors a regulated vehicle to gain exposure to the world’s leading digital asset.

“Our mission is to make Bitcoin accessible to Europe’s capital markets in a safe, transparent, and regulated way,” Treasury CEO Jorik van den Bos said. “This listing marks a milestone for Bitcoin’s institutional adoption on the continent.”

Winklevoss Twins Double Down on Bitcoin

For the Winklevoss twins, early Bitcoin investors and long-time advocates, this move reinforces their vision of Bitcoin as a global financial reserve. Through their exchange Gemini and personal investment arms, they’ve consistently backed initiatives aimed at integrating Bitcoin into mainstream finance.

Cameron Winklevoss commented, “Treasury’s listing on Euronext is more than a company milestone—it’s a landmark for Bitcoin in Europe. Institutional access is the next chapter of adoption.”

Why This Matters

• First of its kind in Europe: Treasury N.V. will be among the continent’s first publicly listed Bitcoin-only treasuries.

• Growing institutional appeal: Provides a regulated path for European investors to gain BTC exposure without directly holding crypto.

• Strengthens Europe’s crypto footprint: Positions Amsterdam as a key hub for digital asset innovation.

As the listing unfolds, the spotlight will be on Treasury N.V.’s ability to grow its Bitcoin reserves and navigate regulatory frameworks in the EU—potentially setting a precedent for other firms eyeing similar moves.