Bitcoin Treasury Backed By Winklevoss Twins Raises $147 Million
Treasury, Europe’s first-ever Bitcoin treasury firm on a main inventory trade that the Winklevoss twins again, has raised $147 million, founder and CEO Khing Oei introduced Wednesday.
Treasury Raises Nearly $150 Million
According to Oei’s September 3 X put up, Treasury officially holds practically $150 million and 1,000 BTC.
“It is time to begin Europe’s Digital Golden Age,” Oei wrote, including that the crypto group has backing from fellow Bitcoin treasury firm Nakamoto.
Following the announcement, Tyler Winklevoss took to X to have fun the novel digital asset firm.
“Amsterdam is the birthplace of the joint inventory firm and the inventory market, two of the world’s biggest monetary improvements,” Winklevoss stated. “Treasury is constant this custom by bringing bitcoin, the best monetary innovation of this century, to buyers in Europe through the Euronext Amsterdam.”
The Winklevoss Twins Set Their Sights On Multibillion-Dollar IPO
News of Treasury’s launch comes simply in the future after it was revealed that the Winklevoss twins’ firm Gemini is in search of a $2.2 billion valuation for its U.S. preliminary public providing (IPO).
According to Gemini’s submitting with the U.S. Securities and Exchange Commission (SEC) on Tuesday, the corporate is ready to promote 16.67 million shares of its Class A typical inventory at an anticipated value of $17 to $19 per share.
The firm, launched beneath the identify Gemini Space Station, Inc., is slated to commerce on the Nasdaq Global Select Market beneath the ticker image “GEMI.”
Both Tyler and Cameron Winklevoss are recognized for his or her longstanding allegiance to Bitcoin and different digital belongings.
Just final month, the duo donated $21 million price of Bitcoin to the Digital Freedom Fund PAC in a bid to assist result in what they name “America’s Golden Age.”
In the previous, the twins have given $5 million to the crypto-focused tremendous PAC Fairshake and $2 million to Trump’s 2024 marketing campaign.
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