The Dutch company Amdax announced the launch of AMBTS BV, an independent private treasury management company based on the first cryptocurrency. It is expected that over time it will control 1% of the circulating supply of the asset.
According to the release, AMBTC BV is an independent organization with its own management. Despite this, the company will maintain commercial ties with Amdax.
The latter is negotiating with a number of unnamed investors as part of the preparation for the initial funding round. AMBTC BV is also in the process of preparing for a listing on the Euronext Amsterdam exchange.
The terms of the initial public offering (IPO), the volume of issuance, as well as key participants, the company promised to disclose later. The funds raised in the IPO and investment round will be used for the initial purchase of bitcoins.
In the long term, AMBTC BV plans to increase its treasury to 1% of the circulating supply of the asset of 19,907,906 BTC – 199,079 BTC. Given the current exchange rate, this amounts to $22.8 billion.$ETH
