TL;DR
- Amdax raised €30 million ($35 million) to launch AMBTS, a corporate treasury aimed at accumulating Bitcoin in Europe.
- AMBTS will begin purchasing BTC with a final target of 210,000 coins, equivalent to 1% of the total supply.
- BTC recently reached all-time highs above $126,000 before pulling back below $122,000.
The Dutch crypto firm Amdax secured €30 million ($35 million) to launch Amsterdam Bitcoin Treasury Strategy (AMBTS), a company dedicated to building a Bitcoin treasury.
With this initial capital, AMBTS will start acquiring Bitcoin, aiming to eventually reach 210,000 BTC, worth approximately $26 billion, which would represent 1% of the total supply. The company seeks to position itself as Europe’s leading BTC treasury, mirroring the institutional adoption already seen in the U.S. and Asia.
AMBTS CEO and co-founder Lucas Wensing emphasized that closing the funding round is crucial to providing investors with more transparent and efficient products. The firm also obtained a MiCAR license, complying with new European crypto market legislation and paving the way for a potential listing on Euronext Amsterdam.
$464 Billion in Bitcoin Held by Companies
AMBTS now joins a growing ecosystem of European firms implementing corporate Bitcoin treasuries, alongside Treasury B.V., backed by the Winklevoss twins, which already operates with 1,000 BTC. Globally, public companies hold roughly 1,040,961 BTC across 200 firms, with Strategy as the undisputed leader at 640,031 BTC, followed by Marathon Holdings, Twenty One Company, and Metaplanet. Including governments and other corporations, the total reaches approximately 3.74 million BTC, valued at $463.8 billion.
BTC recently hit all-time highs above $126,000, but in the past few hours retraced below $122,000, though it still reflects a weekly gain of 8%.
The AMBTS strategy is expected to boost institutional adoption of BTC in Europe. This is part of a growing trend among companies and governments aiming to consolidate strategic BTC reserves, a phenomenon that appears far from reaching its peak
