amsterdam’s amdax Launches AMBTS to Secure 1% of Bitcoin Supply
Amdax, a Dutch crypto service provider, is spearheading a bold move with the launch of AMBTS, a dedicated Bitcoin treasury company.
On August 29, Amdax CEO Lucas Wensing revealed that AMBTS has secured an initial investment of €20 million ($23.3 million). This funding sets the stage for the new entity’s ambitious plan—to acquire 1% of Bitcoin’s total supply. By amassing around 210,000 BTC, AMBTS aims to solidify Europe’s role in the global digital asset market.
AMBTS is a spin-off from Amdax and aims to close a further €30 million by September 2025. It also intends to list on the Euronext Amsterdam exchange, offering a unique equity-based access point to Bitcoin for European investors.
This venture marks a crucial shift from Amdax’s conventional role as a service provider to becoming a major player in Bitcoin accumulation. Its regulatory compliance and operational expertise underpin the confidence behind this capital-intensive endeavor.
- AMBTS targets securing 1% of Bitcoin’s total supply.
- The entity raises €20 million for its mission.
- An Euronext Amsterdam listing is planned.
However, AMBTS faces stiff competition in a market already crowded with corporate giants. Companies like Bitcoin Standard Treasury Company and japan’s metaplanet are also accumulating Bitcoin at scale. While the prospects are enticing, the volatility of Bitcoin poses important financial risks, particularly if its price drops substantially.
This initiative reflects Amdax’s commitment to expanding European influence in digital assets, while also underscoring the growing acceptance of Bitcoin as a valuable reserve asset.
