Leaderboard / Bitcoin Treasury / Netherlands

Treasury B.V. (via MKB Nedsense reverse listing, intended ticker TRSR) (NEDSE.AS) bitcoin per share

BTC per share

0.00001111

BTC held ÷ shares outstanding

Sats per share

1,111.00 sats

1 BTC = 100,000,000 sats

BTC held

1,111 BTC

as of September 19, 2025

Shares outstanding

100,000,000

basic, as of August 3, 2026

USD value per share

live BTC spot × BTC per share

Leaderboard rank

#46 of 81

Data confidence: low

Treasury B.V. (via MKB Nedsense reverse listing, intended ticker TRSR) is a dedicated bitcoin treasury company, which means BTC per share is not a curiosity here. It is the product. When accumulation is the whole strategy, the only question that matters is how much bitcoin stands behind each share and whether that number is rising or falling. Listed on Euronext Amsterdam and based in the Netherlands, it holds 1,111 BTC against 100,000,000 shares outstanding, which works out to 1,111.00 satoshis per share. That places it at rank 46 of 81 on the bitcoinps.com leaderboard. A large absolute holding can still translate into a thin per-share figure when the share count is large, and this row is a good example.

The math

The calculation is deliberately simple: 1,111 BTC (as of September 19, 2025) divided by 100,000,000 basic shares (as of August 3, 2026) gives 0.00001111 BTC per share. Put another way, you would need roughly 90,010 shares to hold one full bitcoin through this stock. We rate this row low confidence: one or both inputs are unverified, stale or structurally uncertain, so the figure should be read as indicative rather than precise.

Holdings context

Neither input has shown a strong recent trend, so treat this row as a snapshot: the as-of dates above tell you exactly how fresh each side of the division is.

Analyst note (2026-08-03): UNCONFIRMED / EXCLUDE-OR-CAVEAT CANDIDATE: Winklevoss/Nakamoto-backed (EUR 126M raise). Reverse listing into MKB Nedsense N.V. (to be renamed Treasury N.V., ticker TRSR) does NOT appear completed: shell still trades as NEDSE with 100.0M shares and only ~EUR 7.6M market cap, which cannot reflect 1,111 BTC. The 100M share count is the pre-merger shell, NOT Treasury's economic share count; BTC/share math would be meaningless until the RTO and share consolidation complete. BTC figure last confirmed 2025-09-19.

What would change this number

New share issuance. Any capital raise, ATM program or convertible conversion grows the share count and mechanically lowers BTC per share unless matching coins are added. This row has no heavy-issuer flag today, but that can change with a single financing announcement.
New bitcoin purchases or sales. Any change to the coin count moves the numerator one for one. Purchase announcements lift BTC per share immediately; sales, loans against the position or collateral arrangements cut or complicate it.
Split mechanics. A reverse stock split has already reshaped this share count. Splits change BTC per share mechanically without changing economic exposure: a 1-for-10 reverse split multiplies the per-share figure tenfold while leaving each investor's total sats untouched. Always check the split history before comparing this row across time.

Quick reference: at the current figure, roughly 90,010 shares of NEDSE.AS represent one full bitcoin.

Sources

Listed on Euronext Amsterdam. Figures carry their own as-of dates above; this page was generated on August 3, 2026. See how we compute bitcoin per share, or browse the full leaderboard.