Dutch cryptocurrency agency Amdax raised 30 million euros to begin its Bitcoin treasury initiative AMBTS. The agency goals to covet 1% of the entire BTC provide.
Abstract
- Dutch crypto agency Amdax has accomplished its €30 million ($35 million) funding spherical to launch Amsterdam Bitcoin Treasury Technique.
- The agency goals to build up as much as 210,000 BTC, doubtlessly changing into the second-largest company Bitcoin holder after MicroStrategy
On Oct. 7, Reuters reported that the Dutch crypto agency has not too long ago completed its funding spherical for its Bitcoin treasury initiative, having reached its preliminary goal of reaching 30 million euros ($35 million). Now it prepares to launch its standalone treasury firm, Amsterdam Bitcoin Treasury Technique.
In keeping with an announcement from the corporate, the group is now able to proceed with buying BTC (BTC) for its treasury. CEO and AMBTS co-founder Lucas Wensing referred to as the top of the funding spherical an “necessary milestone” within the firm’s quest to build up Bitcoin.
“We now transfer ahead with our bitcoin technique, aiming to supply traders clear entry to this distinctive asset class,” mentioned Wensing in his assertion.
Amdax joins the ever-growing checklist of main firms which have added BTC to their company reserves. One other Dutch agency that additionally strives to construct a BTC treasury is the agency Treasury, which is backed by the Winklevoss twins. Not like AMBTS, Treasury has gotten a head begin with a steadiness of 1,000 BTC.
Amdax’s bid for BTC domination
Based mostly on earlier reviews from crypto.information, the Dutch crypto asset service initially aimed to shut its funding at €23 million earlier than they raised the stakes to €30 million in September 2025. The capital will gas an preliminary shopping for spree forward of its meant public itemizing on Euronext Amsterdam. The transfer would serve to offer the European market with a brand new BTC-based automobile.
By its BTC treasury initiative, Amdax goals to stockpile a minimum of 210,000 BTC. If the corporate does handle to build up that a lot Bitcoin, it could have garnered a minimum of 1% of the entire world BTC provide. At press time, the one entity holding above 210,000 BTC is Michael Saylor’s Technique, which at present owns 640,031 BTC or greater than 3% of the entire 21 million BTC provide. Technique’s trove is price round $73 billion.
Most not too long ago, Bitcoin reached a brand new all-time excessive at $126,080, breaking previous the earlier highest peak at $125,500. The token has not too long ago retreated again to the $123,879 vary following the surge. Nevertheless, it has managed to remain properly above the $120,000 threshold.
With $35 million price of funding, Amdax would have the ability to buy a minimum of 282,533 BTC at present costs. This quantity wouldn’t be sufficient to topple Technique off its throne, however it could be sufficient to place AMBTS because the second largest Bitcoin treasury agency on the planet.
