Gemini Founders Plan Treasury Listing in Holland

Treasury, a bitcoin treasury company backed by billionaire Winklevoss twins, founders of the Gemini exchange, announced Wednesday plans to list on the Amsterdam stock exchange through a reverse listing with Dutch investment firm MKB Nedsense.

The company has raised €126 million ($147 million) in a private funding round led by Winklevoss Capital and Nakamoto Holdings. Treasury aims to attract bitcoin investors in Europe, where options for such products remain limited.

Bitcoin treasury companies focus exclusively on holding bitcoin, unlike general crypto firms that trade multiple cryptocurrencies. Treasury has already accumulated over 1,000 BTC.

The reverse listing represents a 72% premium compared to MKBN's closing price of €0.07 on July 11, with a post-consolidation target share price of €2.10.

After shareholder approval and completion of the transaction, MKBN will be renamed Treasury N.V. and will trade under the ticker “TRSR.” The Winklevoss twins, known for promoting bitcoin and founding Gemini, aim to strengthen bitcoin adoption across European markets.