Connect with us

Uncategorized

Winklevoss Twins Back $147M Raise for Treasury’s Landmark European Bitcoin Listing

Published

on

Treasury BV said it raised 126 million euros ($147 million) in a private funding round led by Winklevoss Capital and Nakamoto Holdings, allowing it to acquire more than 1,000 bitcoin (BTC) as it seeks to become the largest publicly traded European bitcoin treasury company.

For the public listing, the company led by CEO Khing Oei entered into a binding agreement with MKB Nedsense NV (MKBN), a Dutch investment company focused on small and medium-sized enterprises, to execute a reverse listing on Euronext Amsterdam. Backed by bitcoin pioneers including Tyler and Cameron Winklevoss, Treasury said it plans to lead Europe’s bitcoin strategy.

The Netherlands-based firm also announced the acquisition of Bitcoin Amsterdam, Europe’s flagship bitcoin conference, to expand adoption efforts.

«Bitcoin is shaping the future of global financial markets, and the next wave, which we call the equitization of bitcoin, is expected to dramatically broaden access and ownership that will rival traditional markets,» Oei said in a statement. «Treasury was established to level the playing field in Europe by expanding access and strategically positioning bitcoin at the core of the region’s financial ecosystem.»

As part of the listing transaction, MKB Nedsense will transfer all its assets and liabilities to its largest shareholder, Value8 NV, before issuing new shares to Treasury’s investors. The issuance price of these shares, combined with a dividend of 4.35 euro cents per share, represents a premium of 72% compared to MKBN’s undisturbed July 11 closing price and a 90% premium to the three-month volume-weighted average price.

The company expects to trade under the ticker TRSR once the transaction is complete.

MKBN shares climbed more than 30% after the market opened, reaching 15 euro cents.

Continue Reading
Click to comment

Leave a Reply

Ваш адрес email не будет опубликован. Обязательные поля помечены *

Uncategorized

Elon Musk vs. the regulators

Published

on

By

Welcome back to TechCrunch Mobility, your hub for all things “future of transportation.” 

Continue Reading

Uncategorized

Nvidia’s AI empire: A look at its top startup investments

Published

on

By

Over the last two years, Nvidia has used its ballooning fortunes to invest in over 100 AI startups. Here are the giant semiconductor’s largest investments.

Continue Reading

Uncategorized

Dating app Cerca will show how Gen Z really dates at TechCrunch Disrupt 2025

Published

on

By

Cerca is a dating app that sets users up with mutual friends.

Continue Reading

Trending

Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.