Treasury BV to Acquire 1,000 Bitcoins Backed by Winklevoss
- Treasury BV to purchase 1,000 Bitcoins with Winklevoss support.
- Europe sees largest corporate Bitcoin acquisition with Winklevoss backing.
- Bitcoin reserve strategy signals shift in European corporate treasury.
European firm Treasury BV will acquire over 1,000 Bitcoins backed by Winklevoss Capital and Nakamoto Holdings, planning a listing on Euronext Amsterdam via a reverse merger with MKB Nedsense.
This move signifies a substantial increase in European corporate Bitcoin holdings, potentially influencing market sentiment and institutional interest.
Treasury BV’s Landmark Acquisition
Treasury BV, a European firm, announced plans to purchase over 1,000 Bitcoins. The acquisition will be backed by funding from Winklevoss Capital and Nakamoto Holdings.
The initiative, aiming for Bitcoin as a primary reserve asset, is led by CEO Khing Oei. The backing involves support from Cameron and Tyler Winklevoss, renowned figures in the cryptocurrency sector.
The acquisition of 1,000+ BTC is expected to solidify Europe’s corporate position in the cryptocurrency market. This large-scale purchase will impact Bitcoin’s standing as a corporate asset in the region.
The €126M funding round underscores a growing shift towards Bitcoin-based reserves. Such moves contrast with traditional fiat-based treasuries, indicating a strategic financial pivot for European corporations. “Our investment in Treasury BV showcases our commitment to expanding Bitcoin’s role as a vital reserve asset in Europe.” – Cameron Winklevoss
The plan involves a reverse merger with MKB Nedsense to list on Euronext Amsterdam. This demonstrates Treasury BV’s commitment to expanding its market presence through strategic financial moves .
Treasury BV’s decision is reminiscent of past U.S. corporate purchases, notably by MicroStrategy and Tesla. These actions typically precede increased institutional interest and Bitcoin market activity.
