Winklevoss Twins Back EU Bitcoin Treasury Firm in $147 Million Deal

The Winklevoss twins, known for their involvement in the early days of Facebook, have backed Treasury B.V., a European Bitcoin treasury firm, in a $147 million funding round. Treasury B.V. is a company that helps organizations manage their Bitcoin reserves and treasury operations. The private funding round was led by the Winklevoss' venture capital firm, Winklevoss Capital Management. This investment highlights the growing interest and adoption of Bitcoin as a mainstream asset class, particularly among institutional investors. Treasury B.V. plans to use the raised funds to expand its services and support more organizations in managing their Bitcoin holdings. The company's platform aims to provide secure storage, trading, and reporting tools for businesses looking to integrate Bitcoin into their financial operations. The Winklevoss twins have been active in the cryptocurrency space for several years, having founded the Gemini cryptocurrency exchange and advocating for the widespread adoption of digital assets.