Treasury, a newly launched Bitcoin treasury startup based in Amsterdam, has secured €126 million with the goal of becoming Europe’s largest holder and manager of Bitcoin reserves – having already accumulated over 1,000 Bitcoin in reserves.
The round was led by Winklevoss Capital and Nakamoto Holdings Inc., a subsidiary of KindlyMD, Inc., alongside a diverse group of over 50 additional 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 plans to list on Euronext Amsterdam via a reverse listing through MKB Nedsense N.V. (MKBN), which would reportedly position it as the first Bitcoin treasury firm publicly traded on a primary European exchange.
The company plans to trade under the ticker ‘TRSR’ upon completion of its reverse listing with MKBN.
Oei experience spans global institutions such as Goldman Sachs and Fortress, as well as his own hedge fund, Eyck. Most recently, he served as Senior Advisor Crypto for a multi-billion-euro hedge fund managing complex distressed crypto assets like FTX and Genesis.
Supporting Oei’s vision is a Strategic Advisory Board comprising Cameron and Tyler Winklevoss, Co-founders of the US-based cryptocurrency exchange 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.
Further embedding itself within Europe’s Bitcoin ecosystem, Treasury has entered into an agreement to acquire Amsterdam Decentralized B.V., the organiser of the Bitcoin Amsterdam conference, which draws more than 5,000 attendees and 150+ speakers annually.
In addition, it has formed a strategic partnership with BTC Media LLC, the media arm of BTC Inc., to promote Bitcoin adoption and financial education across the continent.
“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 its funding in place, an exchange listing on the horizon, and a strategic foothold in Europe’s premier Bitcoin conference, Treasury is positioning itself as a central player in Europe’s next phase of digital asset evolution.
With nearly 20 million of the maximum 21 million Bitcoin already mined as of August 2025, the company’s early accumulation may position it favourably against both crypto-native and traditional finance competitors in the years ahead.
Read the orginal article: https://www.eu-startups.com/2025/09/winklevoss-twins-join-dutch-crypto-startup-treasury-as-it-raises-e126-million-to-build-europes-bitcoin-vault/
