In a remarkable direction this year, companies that focus on encryption are increasingly seeking to advertise. The most recent participant of this wave is the newly created Bitcoin Treasury Company with the support of Tyler and Cameron Winklevoss, which is preparing for a general inclusion in Amsterdam.
Treasury plans for the first time in Amsterdam
According to a report By Reuters, Naming Treasury has announced plans to include it on the Amsterdam Stock Exchange through a reverse integration process with the Dutch investment company MKB NedSense. This step is said to allow the Ministry of Treasury to reach public markets more quickly and efficiently.
The company recently collected 126 million euros (about $ 147 million) in a special financing tour led by Winklevoss Capital and Nakamoto Holdings, indicating strong support from prominent investors.
the Reverse list It is expected to provide a large installment, which reflects an increase of 72 % from the price of the MKBN’s final share of 0.7 euros as of July 11. Both companies aim to achieve an share price after the 2.10 euros installation.
To finish the touches on this process, MKBN will hold an extraordinary meeting for shareholders to agree to the transaction. After successful completion, MKBN will be renamed as “Treasury NV” and will be circulated under the Ticker “TRSR” icon.
This step follows a wider direction in the Dutch market, as the local company Crypto AMDAX announced its plans in August to launch Bitcoin Treasury Company called Ampts on EuronXT Amsterdam.
Bitcoin Ministry companies, such as the Treasury, carry Bitcoin reserves as their basic assets, and to distinguish them from them Traditional companies That usually holds cash. This model allows them to focus on assembling and keeping Bitcoin in the long run.
A prominent example of this strategy is Michael Celor, the strategy (previously known as Microstrategy), which has been constantly added to Bitcoin’s holdings on a weekly basis, which led to great unreasonable profits for the company so far.
The treasury has already collected more than 1000 Bitcoin, which is diminished compared to the 636,000 Bitcoin strategy, according to Bitcontreasuries.net Data. However, he puts himself in attracting investors in an area where the encryption options are relatively limited compared to those in the United States.
The next public subscription from Gemini
In addition to their new project, Twinkvoss Twins also prepares Crypto Exchange Gemini for a preliminary general view (IPO) in the United States.
like I mentioned By Bittin on Tuesday, they aim to evaluate up to $ 2.22 billion, with plans to provide 16.67 million shares at a price ranging between $ 17 and $ 19 each under the title “GEMI”.
If it succeeds, this public subscription may raise about $ 317 million at the upper end of the pricing range, making Gemini the third ExchandE Digital Asset Digital, after the successful launch of Bullish and Coinbase.
Distinctive image from Dall-E, Chart from TradingView.com
Editing process For Bitcoinist, it is focused on providing accurate, accurate and non -biased content. We support strict resource standards, and each page is subject to a diligent review by our team of senior technology experts and experienced editors. This process guarantees the integrity of our content, importance and value of our readers.
The post Bitcoin Treasury Firm Supported By Winklevoss Twins Announces Upcoming IPO first appeared on Investorempires.com.
