Amdax launches AMBTS – a publicly listed Bitcoin treasury management company on Euronext Amsterdam, opening investment opportunities for European institutional investors.
AMBTS aims to hold at least 1% of the total Bitcoin supply, utilizing Amdax's compliance experience and risk management to operate efficiently and transparently in the evolving cryptocurrency market.
MAIN CONTENT
Amdax calls for the development of the first Bitcoin treasury company, aiming to hold 1% of Bitcoin supply.
AMBTS operates independently, leveraging the legal system and risk management developed by Amdax over the past 5 years.
Strict compliance policies help AMBTS effectively manage risks and oversight, in line with international standards.
Why did Amdax establish a Bitcoin treasury company?
Amdax aims to develop AMBTS with a plan to hold at least 1% of the total Bitcoin supply in the long term. Currently, institutions, governments, and businesses control over 10% of Bitcoin supply, indicating the growing acceptance of cryptocurrency.
With this global trend, Amdax sees an opportunity to build a Bitcoin treasury company in the European Union, which can compete with large international organizations.
“With over 10% of Bitcoin supply currently belonging to institutions, governments, and businesses, now is the perfect time to establish a Bitcoin treasury company and list on Euronext Amsterdam – one of the largest exchanges in Europe. This will provide new financial tools to help institutional investors access Bitcoin's performance.”
Lucas Wensing, CEO Amdax, 2024
This ambition stems from Amdax's experience in analyzing the cryptocurrency market and the strong growth of Bitcoin accumulation by large entities.
How will AMBTS operate?
AMBTS will operate independently and leverage Amdax's legal experience and infrastructure, which has over 5 years of experience operating fully licensed digital asset services.
Amdax plans to raise initial capital through private investment to accumulate Bitcoin and gradually expand through the public market. If successful, AMBTS will be one of the first publicly listed Bitcoin treasury companies in Europe.
Operating independently while leveraging the legal framework has prepared AMBTS well for transparent and stable operations.
How does Amdax manage risk?
Amdax operates within a strict compliance and risk control framework with continuous independent oversight. In 2020, Amdax became the first cryptocurrency service provider in the Netherlands registered with the Dutch Central Bank (DNB).
Since then, the company has made significant progress in governance, risk control, and completed ISAE 3000 Type II standard audits.
“A strict management framework and independent audits allow Amdax to manage the Bitcoin treasury with a high standard of compliance and asset risk management.”
Amdax Board of Directors, 2024
The credibility and transparency in management help strengthen AMBTS's position in the rapidly growing DeFi market.
Frequently Asked Questions
What is a Bitcoin treasury company?
This is a company specializing in buying and holding Bitcoin to leverage growth value, while also supporting investors in accessing this asset through financial products.
Which exchange will AMBTS list on?
AMBTS plans to list on Euronext Amsterdam – one of the leading exchanges in Europe.
How experienced is Amdax in risk management?
Amdax has been operating for 5 years, being the first entity registered with the Dutch Central Bank and completing ISAE 3000 Type II audits.
Why are organizations interested in Bitcoin?
Bitcoin is seen as a hedge against inflation and a portfolio diversification tool, helping institutional investors effectively protect their capital.
How does AMBTS plan to raise capital?
AMBTS will raise capital through private investment first, then expand fundraising through the public market.
Source: https://tintucbitcoin.com/bitcoin-amdax-ra-mat-cong-ty-kho-bac/
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