As companies in the U.S. and Asia accumulate bitcoin, a Dutch firm has secured financing to build what it hopes will become Europe’s largest corporate BTC stack.
On Wednesday, Treasury B.V. announced that it raised 126 million euro ($147 million) in a private funding round led by Winklevoss Capital and David Bailey’s Nakamoto, a KindlyMD (ticker NAKA) subsidiary, as part of a plan to rank as Europe’s biggest corporate bitcoin holder.
Treasury B.V., headed by CEO Khing Oei, positions itself as a euro-denominated bitcoin balance sheet company that will use both equity and debt to “systematically accumulate” BTC as its primary reserve asset and pursue bitcoin yield strategies. According to an announcement on Wednesday, it has already accumulated more than $111 million worth of BTC at current prices.
The company intends to list on Euronext Amsterdam via a reverse takeover of MKB Nedsense N.V. It will also acquire the Bitcoin Amsterdam conference to bolster outreach and form a strategic advisory board involving Gemini co-founders Cameron and Tyler Winklevoss as well as Bitcoin Magazine’s David Bailey.
Treasury B.V. said proceeds from the fundraise, which saw participation from UTXO Management, Off The Chain Capital, M1 Capital, and others, were used to acquire more than 1,000 BTC ahead of the listing plan.
“Bitcoin is shaping the future of global financial markets, and the next wave, which we call the equitization of Bitcoin, is expected to dramatically broaden access and ownership that will rival traditional markets,” said Oei. Treasury expects to trade under the ticker “TRSR” once the reverse listing with MKBN is completed.
The launch adds to a growing corporate balance-sheet trend, following the emergence of U.S.-style “bitcoin treasury” models inspired by Strategy. Bitcoin treasuries managed by public companies have amassed over 4% of BTC’s 21 million supply, about 780,980 bitcoins worth over $87 billion, The Block’s data dashboard shows. Michael Saylor’s Strategy leads the group with over 636,505 BTC after a fresh 4,048 bitcoin purchase for $449.3 million last week.
KindlyMD also features among major BTC treasury plays after the healthcare firm’s merger with Bailey’s Nakamoto Holdings. The firm bought 5,744 for about $679 million in August to begin Nakamoto’s treasury buildout.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
