Dutch Bitcoin firm Treasury, backed by Winklevoss twins, to become publicly listed

Dutch bitcoin company Treasury has raised 126 million euros from investors, including crypto billionaires Cameron and Tyler Winklevoss. The company is using the funds to buy bitcoins in order to profit from any further price increases of the world’s most traded cryptocurrency. Treasury also announced plans this week to go public in Amsterdam through the acquisition of the publicly listed company, MKB Nedsense.

The Winklevoss twins initially became famous for their dispute with Facebook founder Mark Zuckerberg, whom they accused of stealing the idea for the social media platform. They later built significant wealth through bitcoin investments and their crypto exchange, Gemini. The brothers will also join a strategic advisory board at Treasury.

Treasury, founded by Dutch entrepreneur Khing Oei, now claims to own over 1,000 bitcoins. The company also aims to become an “ambassador” for the digital asset in Europe. To that end, the company acquired the Bitcoin Amsterdam conference. With the move to go public, Treasury hopes to gain easier access to European capital markets.

MKB Nedsense is currently an investor in smaller companies. Shares of the fund more than doubled on Wednesday at Euronext Amsterdam, rising from around 10 cents to over 22 cents per share.

According to CEO Peter Paul de Vries, the takeover by Treasury gives shareholders the opportunity “to take part in a larger publicly listed company with improved market access.”

Earlier this week, it was announced that Dutch crypto company Amdax also plans to go public with a comparable bitcoin investment company, AMBTS, having secured 20 million euros from investors for this purpose.