Treasury B.V., aiming to take a leading position in the European Bitcoin market, has raised €126 million to establish its Bitcoin treasury.
Establishing a Bitcoin Treasury in Europe
Treasury has purchased over 1,000 Bitcoins as part of its funding round. The company aims to become the first Bitcoin treasury listed on a primary European stock exchange through a reverse listing on Euronext Amsterdam.
Company Support and Strategy
The company is supported by an advisory board that includes Cameron and Tyler Winklevoss, co-founders of Gemini, and David Bailey, CEO of KindlyMD. Treasury's main strategy is to systematically accumulate Bitcoin as its primary reserve asset to enhance its liquidity and yield.
Other Bitcoin Treasuries Worldwide
In Taiwan, the first Bitcoin treasury fund worth $1 billion has been announced. This fund aims to support strategies devised by companies like Metaplanet and BitPlanet, which utilize Bitcoin as their core reserve asset.
The establishment of Treasury B.V. highlights the growing interest in Bitcoin as a primary reserve asset and its potential use in corporate financial strategies in the European market.
