Netherlands-based Treasury BV has received significant investment from the Winklevoss twins as part of its strategy to lead the Bitcoin treasury market in Europe.
Treasury BV Investments
Treasury BV announced that it raised €126 million ($147 million) in a private funding round led by Winklevoss Capital and Nakamoto Holdings. The funds will be used to buy 1,000 BTC with the goal of attracting Bitcoin-focused investors in a region where opportunities have been limited compared to the United States and Asia.
Winklevoss Twins' Support
Treasury's CEO and founder, Khing Oei, stated that the Winklevoss twins’ backing will cement Bitcoin's position within Europe’s financial ecosystem. The twins acknowledged the significance of the Netherlands as the birthplace of the joint-stock company and the stock market, asserting that Treasury is continuing this tradition by bringing Bitcoin to investors in the Netherlands and Europe.
CITE_W_A: 'The Netherlands is the birthplace of the joint stock company and the stock market, two of the world’s greatest financial innovations. Treasury is continuing this tradition by bringing Bitcoin, the greatest financial innovation of this century, to investors in the Netherlands and Europe.' - Cameron and Tyler Winklevoss
Gemini's Plans for US IPO
In addition to Bitcoin treasury ambitions, the Winklevoss twins are moving forward with their exchange's public debut in the United States, Gemini Space Station Inc., having filed with the SEC. According to the filing, Gemini plans to sell 16.7 million shares at a price range of $17 to $19 each, potentially achieving a market capitalization of approximately $2.2 billion and raising up to $316.7 million.
Overall, Treasury BV’s initiative, backed by the Winklevoss twins, reflects a desire to create a reliable platform for Bitcoin investments in Europe and aims to facilitate public trading through the Gemini IPO.
