Treasury BV said it raised 126 million euros ($ 147 million) In a private financing round led by Winklevoss Capital and Nakamoto Holdings so it can acquire more than 1,000 Bitcoin As it seeks to be the largest listed European Bitcoin Treasury Company.
For the public listing, the company led by CEO Khing OEI entered into a binding agreement with MKB Descending NV (Mkbn)A Dutch investment company that focused on small and medium -sized businesses to perform a reverse list of Euronext Amsterdam. Supported by Bitcoin pioneers, including Tyler and Cameron Winklevoss, Treasury said it is planning to lead Europe’s Bitcoin strategy.
The Holland-based company also announced the acquisition of Bitcoin Amsterdam, Europe’s flagship Bitcoin conference, to expand the adoption efforts.
“Bitcoin is shaping the future of global financial markets, and the next wave we call Equitization of Bitcoin is expected to dramatically expand access and ownership that will compete with traditional markets,” OEI said in a statement. “Treasury was created to smooth out the rules of the game in Europe by expanding access and strategically placing the bitcoin at the core of the region’s economic ecosystem.”
As part of the listing transaction, MKB transfers all its assets and obligations to its largest shareholder, Value8 NV, before issuing new shares to Treasury’s investors. The issue price for these shares combined with a dividend of 4.35 euros cents per year. A share represents a prize of 72% compared to MKBN’s undisturbed 11 July closure course and a 90% prize for the three-month volume-weighted average price.
The company expects to trade under Ticker TRSR when the transaction is completed.
MKBN shares rose more than 30%after the market opened and reached 15 euros cents.
