Amdax, a Dutch cryptocurrency service provider, is set to establish a Bitcoin treasury company, AMBTS B.V., on Amsterdam’s Euronext stock exchange. This initiative aligns with a growing trend among European firms adopting Bitcoin strategies similar to those in the US. AMBTS aims to accumulate 1% of the total Bitcoin supply, which would require over $24 billion at current prices. The company plans to raise capital in stages to enhance its Bitcoin holdings and increase equity value for investors. Amdax, which registered with the Dutch Central Bank in 2020, has also received a MiCA license from the Dutch Authority for the Financial Markets. The firm offers trading in 33 cryptocurrencies and plans to initiate capital raising from private investors to kickstart its Bitcoin accumulation strategy. While Bitcoin adoption is increasing among European companies, it still represents a small portion of their investment portfolios. Notably, at least 15 European firms have publicly integrated Bitcoin into their balance sheets. Read more AI-generated news on: https://app.chaingpt.org/news

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