Winklevoss Twins Join Dutch Crypto Startup Treasury As It Raises €126 million

The funding round was led by Winklevoss Capital and Nakamoto Holdings Inc., with participation from more than 50 investors, including UTXO Management, Off The Chain Capital, M1 Capital, and Mythos Venture Partners.

“Bitcoin is shaping the future of global financial markets, and the next wave, which we call the equitisation of Bitcoin, is expected to dramatically broaden access and ownership that will rival traditional markets. 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,” said Khing Oei, Founder & CEO of Treasury.

Founded in 2025 by former hedge fund manager Khing Oei, Treasury aims to list on Euronext Amsterdam through a reverse merger with MKB Nedsense N.V. (MKBN), potentially becoming the first Bitcoin treasury firm publicly traded on a major European exchange under the ticker ‘TRSR’. Oei brings experience from Goldman Sachs, Fortress, and his own hedge fund, Eyck, and most recently served as Senior Advisor Crypto for a multi-billion-euro fund managing distressed crypto assets like FTX and Genesis.

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His vision is supported by a Strategic Advisory Board including Cameron and Tyler Winklevoss, co-founders of Gemini, and David Bailey, CEO of KindlyMD and co-founder of BTC Inc.

“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. We’re proud to support their efforts,” added Cameron and Tyler Winklevoss, Founders of Gemini and Winklevoss Capital.

Strengthening its presence in Europe’s Bitcoin ecosystem, Treasury is acquiring Amsterdam Decentralized B.V., organizer of the annual Bitcoin Amsterdam conference attended by 5,000+ participants and 150+ speakers. The company has also partnered with BTC Media LLC, the media division of BTC Inc., to advance Bitcoin adoption and financial education across Europe.

“This investment represents Nakamotos first in the European capital markets. Treasury has one of the best leadership teams I have met among Bitcoin treasury companies. Its participation in one of the oldest and strongest public markets in Europe creates an exciting opportunity for Dutch investors and for Nakamoto shareholders alike,” said David Bailey, CEO and Chair of KindlyMD, and future Treasury Strategic Advisory Board member.

With funding secured, an upcoming exchange listing, and a strategic presence at Europe’s leading Bitcoin conference, Treasury is establishing itself as a key player in Europe’s digital asset evolution. Having amassed a significant portion of Bitcoin, the company is well-positioned to compete with both crypto-native and traditional finance firms in the coming years.

About Treasury

Treasury-BTC is an emerging euro-denominated Bitcoin treasury aiming to become Europe’s largest. Backed by significant funding and strategic partnerships it seeks to build a strong foothold in the European crypto ecosystem, accumulate substantial Bitcoin reserves and play a leading role in the continent’s digital asset growth and adoption.