Amsterdam-based cryptocurrency service provider Amdax is set to launch a new Bitcoin treasury firm on the Dutch capital’s Euronext stock exchange.
Amdax, an Amsterdam-based crypto provider, has revealed plans to launch a Bitcoin treasury company and list it on Euronext Amsterdam. The company’s ambitious new venture, named AMBTS, is set to become one of Europe’s first dedicated Bitcoin treasury firms.
The initiative pools private investor capital into a long-term Bitcoin reserve. Amdax plans for AMBTS to eventually hold 1% of the total Bitcoin supply, potentially unlocking fresh opportunities for institutional investors.
Company bosses believe the time is right for such a plan, which would place it among the largest corporate or institutional Bitcoin holders worldwide. Lucas Wensing, CEO and founder of Amdax, pointed to the vast potential crypto-related opportunities.
He stated that while Bitcoin has been the “best performing major asset in the past 10 years with fast adoption as digital capital, it is still relatively small in investment portfolios.”
Wensing added: “With now over 10% of Bitcoin supply held by corporations, governments and institutions, we think the time is right to establish a Bitcoin treasury company with the aim to obtain a listing on Euronext Amsterdam, as one of the leading exchanges in Europe.”
How will Amdax’s new AMBTS operate?
AMBTS will function as a stand-alone company. Supported by Amdax, it will have its own corporate governance and strategy. A private limited company has already been formed and preparations are in place for an upcoming initial public offering (IPO).
To begin with, AMBTS will raise capital from private investors in an initial financing round, supporting its Bitcoin accumulation plan. Proceeds from this fundraising will give the firm an early advantage in achieving its overall targets.
The plan also includes using capital markets to expand its Bitcoin holdings and increase share value. This would result in a higher amount of Bitcoin per shareholder, subject to market conditions and company performance.
Rising corporate adoption of Bitcoin in Europe
An increasing number of major Europe-based corporations are choosing to adopt Bitcoin as a primary treasury reserve asset. Around 15 leading European companies have publicly announced Bitcoin adoption as part of their corporate balance sheet.
These include Germany’s Bitcoin Group with 3,605 BTC and France-based The Blockchain Group with 1,653 BTC. In the UK, Satsuma Technology and Smarter Web Company hold 1,126 BTC and 2,395 BTC, respectively. Other notable European firms with under 1,000 BTC include Sweden’s H100 Group, Samara Asset Group, and CoinShares International Limited.
The establishment of AMBTS represents a key turning point for Europe through the creation of a large-scale, regulated Bitcoin treasury on a major stock exchange. Should it prove to be a success for Amdaxl, it could encourage further Bitcoin adoption across the continent.
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