Dutch Crypto Firm Amdax Targets 1% of Bitcoin Supply with $23M Treasury Launch
Dutch cryptocurrency service provider Amdax has secured €20 million (about $23.3 million) in its first financing round to establish AMBTS (Amsterdam Bitcoin Treasury Strategy), a newly formed, independently governed Bitcoin $BTC treasury company. AMBTS plans to list on Euronext Amsterdam and gradually accumulate up to 1% of Bitcoin’s total supply, approximately 210,000 BTC, which today equates to over $23 billion .
CEO Lucas Wensing emphasized that with more than 10% of Bitcoin already held by corporations, governments, and institutions, the timing is ripe for launching a regulated European Bitcoin treasury vehicle . AMBTS will channel capital market mechanisms to grow its Bitcoin holdings and enhance shareholder equity over time .