🎁 Ace quick missions & earn crypto rewards while gaining real-world Web3 skills. JOIN NOW! 🔥

Dutch Firm Amdax Launches AMBTS to Build Bitcoin Treasury in Europe

Key Takeaways

  • ​Amdax is creating AMBTS B.V., a separate firm dedicated to building a large Bitcoin reserve and planning a listing on Euronext Amsterdam;
  • The company aims to collect 1% of all Bitcoin, a goal worth over $24 billion at current prices, funded through staged investment rounds;
  • Amdax’s CEO noted Bitcoin is still minor in most portfolios, though institutions, governments, and firms already hold over 10% of supply.

Ace quick missions & earn crypto rewards while gaining real-world Web3 skills. Participate Now! 🔥

Dutch Firm Amdax Launches AMBTS to Build Bitcoin Treasury in Europe

Amdax, a digital asset company based in the Netherlands, has announced plans to launch a new venture on the Amsterdam stock exchange.

The project, called AMBTS B.V., will operate as a separate business focused only on building and managing a Bitcoin reserve.

The idea is to build up a share equal to one percent of the entire Bitcoin supply. At current prices, with Bitcoin BTC $113,827.57 trading above $115,800, reaching that level would require more than $24 billion.

Crypto Day Trading VS Swapping: What’s More Rewarding? (Animated)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

AMBTS will raise funds in steps, using each round of financing to add to its Bitcoin holdings and improve investor returns based on how much Bitcoin the company owns per share.

The first stage will involve private investors, with the funds set aside to begin the accumulation process right away. Over time, the company plans to list on Euronext Amsterdam to widen access to more investors and continue building its reserve.

While AMBTS is being established, Amdax continues to run its own platform, where users can trade 33 different cryptocurrencies, set up automated strategies, or choose expert-managed portfolios.

Lucas Wensing, the company’s CEO, stated that although Bitcoin still makes up only a small part of most portfolios in Europe, he pointed out that more than 10% of the total Bitcoin supply is now in the hands of companies, governments, and institutions.

Recently, two exchange-listed companies, Metaplanet and The Smarter Web Company, purchased Bitcoin and added it to their reserves. How much BTC did they buy? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

Loading...
binance
×
Verified

CLAIM $100 BONUS

Changelly Welcome Reward
Rating
5.0