Dutch cryptocurrency service provider Amdax plans to establish the publicly listed company AMBTS, with a long-term goal of purchasing 210,000 Bitcoins.

ChainCatcher news, according to Reuters, Dutch cryptocurrency service provider Amdax announced plans to launch a Bitcoin wealth company called AMBTS (Amsterdam Bitcoin Wealth Strategic Company) on the Dutch stock exchange.

Amdax CEO Lucas Wensing stated, "Currently, over 10% of the Bitcoin supply is held by businesses, governments, and institutions. We believe it's time to establish a Bitcoin wealth company and aim for a listing on the Euronext Amsterdam, one of Europe's leading exchanges."

Amdax and AMBTS plan to raise funds from numerous private investors in the first round of financing, with the long-term goal of holding at least 1% of the Bitcoin supply over time, which amounts to 210,000 coins.