Winklevoss-backed Dutch bitcoin treasury company Treasury debuts with €126M funding; acquires Amsterdam Decentralized

A new euro-denominated Bitcoin company, Treasury, launches with initial funding with plans to list on a European stock exchange.

Treasury, a euro-denominated Bitcoin treasury company, announced its launch with initial funding of €126M through a private round led by Winklevoss Capital and Nakamoto Holdings Inc., a subsidiary of KindlyMD.

The round was also supported by UTXO Management, Off The Chain Capital, M1 Capital, Mythos Venture Partners, and more than 50 additional investors. 

The funding enables Treasury to accelerate its capital markets strategy, including Bitcoin accumulation and yield generation. The company has already accumulated more than 1,000 Bitcoin.

Treasury has chosen Euronext Amsterdam for its listing due to the exchange’s historical significance and financial infrastructure. Through the intended reverse listing with MKBN, the company aims to create a platform for growth and integrate Bitcoin into Europe’s financial ecosystem.

Upon completion of the transaction, Treasury is expected to trade under the ticker ‘TRSR’.

Founder-led launch

Treasury was founded by Khing Oei, who has prior experience at Goldman Sachs, Fortress, and managing his own hedge fund. Treasury aims to increase access to Bitcoin across Europe and position Bitcoin as a core asset in the region’s financial ecosystem.

Khing Oei says, “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. 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.”

The company will establish a Strategic Advisory Board that includes Cameron and Tyler Winklevoss, founders of Gemini and Winklevoss Capital, and David Bailey, CEO and Chair of KindlyMD.

Cameron and Tyler Winklevoss mention, “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.”

The Advisory Board will support Treasury’s market strategy and provide guidance on integrating Bitcoin into mainstream financial markets.

Strategic acquisition and partnerships

Treasury has signed a definitive agreement to acquire Amsterdam Decentralized B.V., an affiliate of BTC Inc., which hosts the Bitcoin Amsterdam conference. 

The company has also entered a partnership with BTC Media LLC, another BTC Inc. affiliate. Together, these initiatives aim to support investor engagement and awareness around Bitcoin in Europe.

Bitcoin Amsterdam attracts over 5,000 participants annually and features more than 150 speakers. Treasury plans to leverage this platform to connect with European investors, institutions, and developers. The next Bitcoin Amsterdam conference will take place on 13–14 November 2025.

David Bailey, CEO and Chair of the Board of KindlyMD, co-founder and CEO of BTC Inc., and future Treasury Strategic Advisory Board member, says, “This investment represents Nakamoto`s 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.”