DeutschWhile so-called Crypto Treasury Companies have long been the new normal in the USA, the wave is now also spilling over into Europe. A new challenger is emerging from Amsterdam: Treasury, a newly founded company that is making a big statement right from the start – with the purchase of 1000 Bitcoin.
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The company is supported by no less than the Winklevoss twins, known for the Gemini crypto exchange, as well as US entrepreneur David Bailey and his company Nakamoto. Together they led a financing round that raised a whopping 126 million euros. The majority of this sum went directly into Bitcoin – the starting signal for a European crypto treasury.
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But that’s not all. Treasury has already announced that it intends to merge with the Dutch company MKB Nedsense and then venture onto the Amsterdam stock exchange. The goal is clear: more capital, more Bitcoin. Plans include convertible bonds and share issues to further fill the war chest.
The ambition is high: Treasury wants to become one of the largest Bitcoin holders in Europe. The Germans still lead the way: According to current data, the Bitcoin Group holds around 3605 BTC, putting it unchallenged at the top. It is followed by the French company Sequans with 3205 BTC. By comparison, the global leader is the US company MicroStrategy, which now has over 632,000 Bitcoin on its balance sheets – a figure that makes entire states pale.
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The fact that a European company now seriously wants to advance into this league is remarkable. It shows how strongly the confidence in Bitcoin as “digital gold” is now anchored on this continent. The fact that the Winklevoss brothers, who invested in crypto years ago, have their fingers in the pie again fits the picture.
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The move could have a signal effect. If Treasury is actually successful on the stock exchange, other companies could follow – and Europe could become the new home of BTC treasurers. The fact that Amsterdam, traditionally a trading metropolis, is kicking things off has almost historical charm.
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One risk remains: the BTC price itself. While the crypto markets are currently showing a stable upward trend, everyone involved knows how quickly things can change. But Treasury is clearly betting that the time for institutional Bitcoin holders has also come in Europe. The gap to the Bitcoin Group or even MicroStrategy is still huge. But anyone who puts 1000 BTC on the books right from the start makes it clear: this is not a small test balloon, but an attack on the top. (mck)
