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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Kazakhstan is testing crypto cards with Mastercard
Share link:In this post: Kazakhstan launches crypto cards in partnership with Mastercard. The new solution will convert tether to tenge at the time of payment. The card project is backed by the central bank and a local crypto exchange.
DeFi TVL climbs 41% to a three-year high as Solana dApps lead in revenue
Share link:In this post: DeFi’s total locked value (TVL) climbed by 41% in Q3, surpassing $160 billion, marking the first significant move since May 2020. Ethereum and Solana recorded the highest growth, with Ethereum’s TVL jumping to 50% and Solana’s rising 10.5%. Solana dApps continue to surpass all L1 and L2 networks in daily revenue, with Solana recording $217.39 million in August.
Broadcom stock surges 4% after earnings beat and $10 billion custom chip order
Share link:In this post: Broadcom stock jumped 4% after beating Q3 earnings and securing a $10 billion AI chip order. The company expects $17.4 billion in Q4 revenue, above Wall Street’s $17.02 billion forecast. AI revenue hit $5.2 billion, with another $6.2 billion expected next quarter, driven by new XPU orders.

August Crypto Market Report: Fed Signals Rate Cuts to Resume in September, Market Rotation Reveals Hidden Opportunities
Expectations of Federal Reserve interest rate cuts are driving capital inflows into the crypto market, with increasing institutional interest. The US stock market is performing strongly, driven by AI and policy shifts, but valuations remain high. Bitcoin market maturity is increasing, volatility is declining, and institutional capital continues to flow in. Summary generated by Mars AI. The accuracy and completeness of this summary are still being improved as the Mars AI model continues to iterate.

Trending news
MoreCrypto prices
More








