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bitcoin
Bitcoin (BITCOIN)
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ripple
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Dutch Crypto Firm Amdax Secures £30 Million to Launch Bitcoin Treasury Initiative

Highlights:

  • Amdax raises £30 million to start Bitcoin treasury initiative AMBTS.
  • AMBTS aims to list on the Euronext Amsterdam stock exchange.
  • The company plans to acquire 1% of Bitcoin’s total supply.

Dutch crypto firm Amdax has completed a £30 million ($35 million) funding round to launch its new Bitcoin treasury company, AMBTS. The move comes as global interest in Bitcoin as a corporate asset is on the rise. The funding is a turning point for Amdax, which wants to position itself as one of the top holders of Bitcoin treasury in the world.

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Amdax, the Amsterdam-based company, confirmed the round was oversubscribed, which was a positive sign of investors’ confidence. The company stated that AMBTS will operate independently and initiate the Bitcoin accumulation program immediately. CEO and co-founder Lucas Wensing said the achievement was a significant step forward in their long-term Bitcoin strategy.

He said:

“We now move forward with our Bitcoin strategy with the aim of providing investors with transparent access to this unique asset class.”

Building a Regulated Bitcoin Treasury in Europe

Amdax’s new venture, AMBTS (Amsterdam Bitcoin Treasury Strategy), will act as a regulated platform for institutional and retail investors. Moreover, the firm aims to offer Europe a new, transparent means of investing in Bitcoin through capital markets. According to the company, AMBTS will be listed on Euronext Amsterdam, which will enable investors to benefit from direct exposure to Bitcoin without the hassle of managing digital assets themselves.

The $30 million raised will be used to fund the first phase of Bitcoin acquisitions. Over time, AMBTS is looking to accumulate up to 1% of the total supply of Bitcoin, which is about 210,000 BTC. Reaching this target would make AMBTS the second-largest Bitcoin treasury in the world after Michael Saylor’s company, Strategy. Strategy currently holds more than 640,000 BTC.

Amdax has been in the crypto industry for over 5 years and holds a full license for digital assets. Its proven track record as a trusted service provider affords credibility to the operations of AMBTS. The firm’s emphasis on compliance and transparency is also consistent with the increasing levels of regulatory expectations in Europe for digital assets.

Bitcoin’s Record Surge Fuels Corporate Interest

The introduction of AMBTS is accompanied by the recent Bitcoin rally to an all-time high of $126,080. Although it has slightly pulled back, the asset is holding strong above the $120,000 mark. This performance reflects a renewed institutional interest in Bitcoin treasuries, with companies looking to maintain value in the face of inflation and unstable markets.

Furthermore, the timing of Amdax corresponds to an overall corporate trend of holding Bitcoin as a treasury asset. The Treasury, led by Winklevoss and the U.S.-based Strategy, has already made precedents in the field. AMBTS now wants to introduce that model to the European market.

Amdax, via its Bitcoin treasury program, aims not just at amassing Bitcoin but also at enhancing value per share among its shareholders. The company will utilize capital markets to develop its investments. Furthermore, it assures shareholders of a long-term appreciation of Bitcoin.

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