Amdax, a Netherlands-based digital asset firm, has unveiled plans for a new initiative on the Amsterdam stock market.
This undertaking, known as AMBTS B.V., will operate as an independent entity specifically dedicated to accumulating and overseeing a Bitcoin treasury.
The goal is to acquire a stake representing one percent of the total Bitcoin in circulation. With Bitcoin
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AMBTS will secure capital through phased fundraising, allocating each funding round to increase its Bitcoin reserves and enhance investor returns, predicated on the company’s Bitcoin holdings per share.
The initial phase will involve private investments, with the dedicated funds immediately used to commence Bitcoin accumulation. Eventually, the company intends to list on Euronext Amsterdam to broaden access for a wider spectrum of investors and continue expanding its reserves.
While AMBTS is being structured, Amdax will maintain its operational platform, enabling users to engage in the trading of 33 different cryptocurrencies, configure automated trading strategies, and explore expert-managed portfolio options.
According to Lucas Wensing, the CEO, although Bitcoin accounts for only a small fraction of the majority of European investment portfolios, he emphasized that over 10% of the total Bitcoin supply is currently held by corporations, governmental bodies, and institutional investors.
Recently, Metaplanet and The Smarter Web Company, both publicly listed entities, invested in Bitcoin to bolster their treasury reserves. To discover the amount of BTC they acquired, read the complete article.