Treasury launches to change into Europe’s largest Bitcoin treasury firm, backed by Winklevoss Capital and Nakamoto
Highlights
• Treasury B.V. (“Treasury”), an rising euro-denominated Bitcoin treasury firm, has raised preliminary funding of €126 million ($147 million) by way of a personal spherical led by Winklevoss Capital and Nakamoto Holdings Inc., a subsidiary of KindlyMD, Inc. (NASDAQ: NAKA). With this funding, Treasury has already gathered greater than 1,000 Bitcoin to advance its Bitcoin technique.
• Treasury has the ambition to be the primary Bitcoin treasury firm listed on a major European trade, and it’ll pursue such itemizing by way of a reverse itemizing on Euronext Amsterdam by way of MKB Nedsense N.V. (“MKBN”).
• Treasury goals to implement a strong capital market technique, leveraging each fairness and debt to systematically accumulate Bitcoin as its major reserve asset whereas producing Bitcoin yield.
• Treasury may even act as a number one ambassador for Bitcoin, having entered right into a definitive settlement to buy Amsterdam Decentralized B.V., an affiliate of BTC Inc. and the corporate that hosts the Bitcoin Amsterdam convention.
• Treasury has additionally partnered with BTC Media LLC, an affiliate of BTC Inc., in help of the Bitcoin Amsterdam convention.
• Treasury was based and is led by CEO Khing Oei and can set up a Strategic Advisory Board that features Cameron and Tyler Winklevoss and David Bailey.
“Bitcoin is shaping the way forward for international monetary markets, and the following wave, which we name the equitization of Bitcoin, is predicted to dramatically broaden entry and possession that may rival conventional markets. Treasury was established to degree the enjoying discipline in Europe by increasing entry and strategically positioning Bitcoin on the core of the area’s monetary ecosystem.
To advance our mission of changing into the most important Bitcoin treasury firm in Europe, we now have raised an preliminary €126 million ($147 million) in funding by way of a personal spherical led by Winklevoss Capital and Nakamoto, which we now have already leveraged to build up 1,000 Bitcoin. Our sturdy capital base additionally helps our intention to pursue a reverse itemizing on Euronext Amsterdam, positioning Treasury as one of many first Bitcoin treasury firms to be listed on a major European inventory trade. This entry to main capital markets permits speedy scaling, environment friendly Bitcoin accumulation, and the leverage of Europe’s wealthy buying and selling heritage for long-term development. As a number one Bitcoin ambassador in Europe, Treasury reinforces its presence by buying Bitcoin Amsterdam and partnering with BTC Inc., making a development flywheel we imagine will ignite the Digital Golden Age.” Khing Oei, Founder & CEO of Treasury
Founder-led Launch Backed by Business-Main Advisory Board
Treasury was based and is led by Khing Oei, a seasoned investor with in depth expertise at Goldman Sachs, Fortress in addition to managing his personal hedge fund. He has deep roots throughout each conventional finance and digital belongings markets.
To speed up its mission, Treasury will set up a Strategic Advisory Board that features main Bitcoin pioneers, Cameron and Tyler Winklevoss, and David Bailey. Cameron and Tyler are the founders of Gemini, a number one cryptocurrency trade within the U.S., and Winklevoss Capital, a enterprise agency investing in expertise and digital belongings. David is the CEO and Chair of the Board of KindlyMD, Inc. (NASDAQ: NAKA), a supplier of built-in healthcare providers and an institutional-grade Bitcoin treasury automobile by way of its subsidiary Nakamoto Holdings, Inc.
Funding and Euronext Amsterdam Itemizing
“The Netherlands is the birthplace of the joint inventory firm and the inventory market, two of the world’s biggest monetary improvements. Treasury is constant this custom by bringing Bitcoin, the best monetary innovation of this century, to buyers within the Netherlands and Europe. We’re proud to help their efforts.”
Cameron and Tyler Winklevoss, Founders of Gemini and Winklevoss Capital, future Treasury Strategic Advisory Board members
Treasury has strategically chosen Euronext Amsterdam for its itemizing. With a historical past as a middle of world buying and selling relationship again to 1602 and world-class monetary infrastructure, Euronext gives a gateway to international capital markets. By means of the meant reverse itemizing with MKBN, Treasury goals to change into the primary Bitcoin treasury firm listed on a major European trade, establishing a launchpad for development and supporting the combination of Bitcoin into Europe’s mainstream monetary ecosystem.
Treasury has raised an preliminary €126 million ($147 million) by way of a founder-led non-public funding spherical, led by Winklevoss Capital, Nakamoto, UTXO Administration, Off The Chain Capital, M1 Capital, Mythos Enterprise Companions and greater than 50 different buyers. This funding gives the muse to speed up Treasury’s capital markets technique, leveraging each fairness and debt devices to systematically accumulate Bitcoin, generate Bitcoin yield and deploy revolutionary capital markets initiatives. Treasury has already leveraged this funding to build up greater than 1,000 Bitcoin, strengthening its place because it executes on its Bitcoin technique.
Strategic Acquisition and Partnerships
“This funding represents Nakamoto’s first within the European capital markets. Treasury has probably the greatest management groups I’ve met amongst Bitcoin treasury firms. Its participation in one of many oldest and strongest public markets in Europe creates an thrilling alternative for Dutch buyers and for Nakamoto shareholders alike.”
David Bailey, CEO and Chair of the Board of KindlyMD, Inc., co-founder and CEO of BTC Inc., and future Treasury Strategic Advisory Board member
Treasury can be dedicated to strengthening Europe’s monetary ecosystem by elevating consciousness and fostering Bitcoin adoption. As an preliminary step, Treasury has entered right into a definitive settlement to accumulate Amsterdam Decentralized B.V., an affiliate of BTC Inc. and the corporate that hosts Bitcoin Amsterdam, Europe’s flagship Bitcoin convention. It has additionally entered right into a strategic partnership with BTC Media LLC, the main Bitcoin media and occasions platform and affiliate of BTC Inc. Collectively, Treasury and BTC Inc. and its associates will work to teach, interact, and join buyers, establishments, and builders with the transformative potential of Bitcoin.
Bitcoin Amsterdam has established itself as Europe’s premier gathering for Bitcoiners, attracting greater than 5,000 attendees yearly and that includes over 150 thought leaders. By leveraging this platform, Treasury could achieve unparalleled entry to Europe’s vibrant Bitcoin group and rising adopters. The subsequent version of Bitcoin Amsterdam will happen on 13–14 November 2025.
Reverse Itemizing Transaction Particulars
Treasury intends to checklist on Euronext Amsterdam by way of a reverse itemizing with MKBN. Upon completion of the transaction, Treasury is predicted to commerce beneath the ticker ‘TRSR’.
For extra data, please discuss with the Reverse Itemizing press launch, additionally printed right now, 3 September 2025 here.
Media contact
Laura Peijs Press@treasury-btc.com
About Treasury
Treasury is an rising euro-denominated Bitcoin treasury firm. With Bitcoin because the digital gold benchmark, we’re constructing a clear, liquid, and institutional-grade construction for Bitcoin publicity in Europe. Our sturdy Bitcoin treasury method focuses on systematic Bitcoin accumulation as our major reserve asset and producing Bitcoin-yield by leveraging a strong capital markets technique, together with fairness and debt. To entry international capital markets, Treasury is pursuing a list on Euronext Amsterdam (meant ticker: TRSR), considered one of Europe’s main exchanges by way of a reverse itemizing. Past its core Bitcoin accumulation technique, Treasury additionally goals to behave as an advocate for larger Bitcoin adoption and foster broader engagement throughout the Netherlands and Europe.
Discover out extra on www.treasury-btc.com.
Notes
Khing Oei biography
Khing Oei is the Founder and CEO of Treasury, a Netherlands-based Bitcoin treasury firm just lately launched with the ambition to change into Europe’s largest. Backed by buyers together with Winklevoss Capital and Nakamoto, Treasury has the intention to checklist by way of a reverse itemizing on Euronext Amsterdam.
Khing is a seasoned investor with deep experience throughout conventional and digital markets. He most just lately served as Senior Advisor Crypto at a multi-billion-dollar hedge fund specializing in crypto distressed conditions reminiscent of FTX and Genesis, the place he’s a member of the Board of Administrators. On this function, he oversaw multi-billion-dollar Bitcoin swaps, acquisitions and distributions.
He started his profession at Goldman Sachs within the Fastened Earnings, Foreign money & Commodities’ Particular Conditions Investing Group, earlier than shifting into senior funding roles at Fortress and Bardin Hill (previously Halcyon), the place he was CEO of Europe and constructed the agency’s $2.5B securitized credit score enterprise. He later based and was Chief Funding Officer of Eyck, a $200M event-driven distressed & particular conditions hedge fund twice nominated for EuroHedge awards.
All through his profession, Khing executed advanced transactions throughout equities, credit score, particular conditions, and digital belongings. As an entrepreneur, he has additionally launched ventures reminiscent of Maicrotrader, an AI-driven Bitcoin and crypto buying and selling agent platform.
Born and raised in Amsterdam, Khing returned to the Netherlands after 18 years in London. He holds an MSc in Econometrics from Vrije Universiteit Amsterdam.
Bitcoin
Over the previous decade, Bitcoin has gained recognition as a high-performing asset, displaying constant development and resilience by way of market cycles. Typically described as digital gold, Bitcoin’s worth is underpinned by a hard and fast provide of 21 million cash, creating engineered shortage that distinguishes it from conventional fiat currencies and positions it as a long-term retailer of worth in an period of financial enlargement and inflationary pressures. As of August 2025, virtually 20 million Bitcoin have been mined, leaving a finite provide that reinforces its scarcity-driven worth proposition. Past its function as a retailer of worth, Bitcoin additionally capabilities as programmable cash, enabling new types of digital transactions, decentralized monetary merchandise, and revolutionary capital market methods.
Authorized disclaimer
This announcement is for data functions solely. The data contained on this announcement doesn’t purport to be full or full and, specifically, doesn’t comprise all the knowledge that ought to be thought of regarding the proposed transaction involving a reverse itemizing of Treasury on Euronext Amsterdam, pursuant to a contribution settlement between MKBN and Treasury (the “Reverse Itemizing”), and isn’t meant to kind the premise of any funding resolution or every other resolution in respect of the Reverse Itemizing. No reliance could also be positioned by any individual for any goal on the knowledge contained on this announcement or its accuracy, equity or completeness. Treasury won’t be held accountable for any loss or damages of any nature ensuing from utilizing, trusting or appearing on data offered. This announcement doesn’t represent, and shouldn’t be construed as, a suggestion to promote or a solicitation of any provide to buy the bizarre shares of Treasury or MKBN and isn’t a advice to have interaction in any funding actions.
This announcement doesn’t represent a prospectus. Traders are suggested to learn the Euronext Data Memorandum and EGM documentation that’s anticipated to be printed on MKBN’s web site (as soon as out there), and is made out there by MKBN, as these supplies will comprise essential details about Treasury and the Reverse Itemizing.
No motion has been taken by Treasury that will allow a suggestion of securities or the possession or distribution of this announcement or every other providing or publicity materials referring to such shares in any jurisdiction the place motion for that goal is required. The discharge, publication or distribution of this announcement in sure jurisdictions could also be restricted by regulation and subsequently individuals in such jurisdictions into which they’re launched, printed or distributed, ought to inform themselves about, and observe, such restrictions.
This press launch could embody statements which might be, or could also be deemed to be, ”forward-looking statements”. These forward-looking statements could also be recognized by means of forward-looking terminology, together with the phrases ”believes”, ”estimates”, ”plans”, ”initiatives”, ”anticipates”, ”expects”, ”intends”, ”could”, ”will” or ”ought to” or, in every case, their damaging or different variations or comparable terminology, or by discussions of technique, plans, targets, targets, future occasions or intentions. Ahead-looking statements could and infrequently do differ materially from precise outcomes. Any forward-looking statements replicate Treasury’s present view with respect to future occasions and are topic to dangers referring to future occasions and different dangers, uncertainties and assumptions referring to Treasury’s enterprise, outcomes of operations, monetary place, liquidity, prospects, development or methods. Ahead-looking statements converse solely as of the date they’re made.
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