The Dutch cryptocurrency company Amdax has successfully raised €30 million to launch its Bitcoin treasury initiative, AMBTS. The firm intends to acquire 1% of the total BTC supply.
Summary
- Dutch cryptocurrency firm Amdax has secured €30 million ($35 million) in funding to initiate the Amsterdam Bitcoin Treasury Strategy.
- The company plans to accumulate as much as 210,000 BTC, potentially making it the second-largest corporate holder of Bitcoin, trailing only MicroStrategy.
On October 7, Reuters reported that the Dutch cryptocurrency firm has concluded its funding round for its Bitcoin treasury initiative, successfully hitting its original target of €30 million ($35 million). They are now ready to establish their standalone treasury entity, the Amsterdam Bitcoin Treasury Strategy.
According to a statement from the company, the team is poised to begin purchasing BTC (BTC) for the treasury. CEO and AMBTS co-founder Lucas Wensing labeled the conclusion of the funding round as an “important milestone” in the firm’s goal to acquire Bitcoin.
“We are now advancing with our bitcoin strategy, aiming to provide investors transparent access to this unique asset class,” Wensing stated.
Amdax is joining a growing list of prominent firms that have included BTC in their corporate assets. Another Dutch company, Treasury, backed by the Winklevoss twins, is also working to build a BTC treasury. Unlike AMBTS, Treasury has already accumulated a balance of 1,000 BTC.
Amdax’s ambition for BTC supremacy
According to previous reports from crypto.news, the Dutch crypto asset service initially aimed to finalize its funding at €23 million before increasing the goal to €30 million in September 2025. The funds will support an initial buying spree in preparation for its planned public listing on Euronext Amsterdam, providing the European market with a new BTC-based investment vehicle.
Through this BTC treasury initiative, Amdax aims to amass at least 210,000 BTC. If successful, the company would acquire around 1% of the total global BTC supply. Currently, the only entity holding more than 210,000 BTC is Michael Saylor’s MicroStrategy, which owns approximately 640,031 BTC, equating to over 3% of the total 21 million BTC supply. This stash is valued at around $73 billion.
Recently, Bitcoin achieved a new all-time high at $126,080, surpassing the previous peak of $125,500. Following this surge, the price has pulled back to the $123,879 range but remains significantly above the $120,000 mark.
With the €30 million funding, Amdax could procure at least 282,533 BTC at current valuations. While this would not dethrone MicroStrategy, it would position AMBTS as the second-largest Bitcoin treasury firm globally.
