Winklevoss, Nakamoto-backed Treasury launches with 1,000 BTC
Euro-denominated Bitcoin company Treasury raised initial funding to launch with a starting balance of 1,000 BTC.
Euro-denominated Bitcoin company Treasury raised initial funding of 126 million euros ($147 million) through a private round led by Winklevoss Capital and Nakamoto Holdings.
According to a Wednesday announcement shared with Cointelegraph, the company used the funds to buy more than 1,000 Bitcoin (BTC) to jumpstart its Bitcoin treasury. Treasury said it aims “to be the first Bitcoin treasury company listed on a primary European exchange.”
Treasury plans to make its way onto the Euronext Amsterdam stock exchange through a reverse listing by merging with lender MKB Nedsense. A reverse listing enables private companies to acquire stock exchange listings without meeting the requirements by merging with already-listed companies.