News
  • Zameer Attar
    author-profile
    Zameer Attar right arrow
    Author

    Zameer is a financial analyst and writer with a particular interest in cryptocurrency markets. He has been studying cryptocurrencies and their market behavior for several years and deeply understands the factors that affect the price of cryptocurrencies. His expertise lies in his ability to use both technical and fundamental analysis to make informed predictions about the future direction of cryptocurrency prices. He has a strong understanding of market sentiment and uses this to inform his trading decisions and price predictions.

    • Reviewed by: Anjali Belgaumkar
      author profile
      Anjali Belgaumkar right arrow
      Reviewed

      Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

      • author twitter
      • author linkedin
    • 2 minutes read

    Amdax to Launch Bitcoin Treasury Company to Hold 1% of Bitcoin Supply on Euronext

    Story Highlights
    • Amdax announced its plans to launch a bitcoin treasury company called AMBTS.

    • It aims to hold at least 1% of Bitcoin supply.

    • AMBTS will operate independently while benefiting from Amdax’s regulatory experience and infrastructure.

    Amsterdam-based crypto service provider, Amdax, has announced its plans to launch a bitcoin treasury company called AMBTS (Amsterdam Bitcoin Treasury Strategy). It intends to list it on the Euronext exchange in the Netherlands and unlock investment opportunities for investors. 

    Why is Amdax Launching a Bitcoin Treasury?

    Amdax wants to fulfill its ambition of AMBTS, with a long-term goal of holding at least 1% of the total Bitcoin supply. The company highlighted that institutions, governments, and corporates now collectively hold more than 10% of Bitcoin supply, reflecting the growing acceptance. 

    Amid this global surge, Amdax believes that it is well placed to initiate a bitcoin treasury company in the European Union (EU) that can stand alongside global entities.

    Lucas Wensing, CEO of Amdax, stated, “With now over 10% of the 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. This will provide institutional investors with new financial instruments to get exposure to the performance of bitcoin.” 

    How will the AMBTS Operate?

    According to the Amdax statement, AMBTS will operate independently while benefiting from Amdax’s regulatory experience and infrastructure. The company has been operating a fully licensed digital asset practice for over 5 years. It operates with a robust regulatory and risk management framework. 

    Amdax is planning to raise capital through private investments to start accumulating BTC, eventually scaling up through public markets. If successful, AMBTS would become one of the first publicly listed Bitcoin treasury companies in Europe.

    Risk Management in Amdax

    Amdax operates under a rigorous compliance and risk control environment, with ongoing independent oversight. In 2020, the company became the first crypto service provider in the Netherlands to register with the Dutch Central Bank (DNB). Since then, it has taken significant steps in governance, risk control, and independent oversight, including completion of ISAE 3000 type II audits.

    This highly regulated and audited framework likely boosted Amdax’s ability to manage a Bitcoin treasury with compliance and custodial risk management. 

    Never Miss a Beat in the Crypto World!

    Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

    FAQs

    What is the Amsterdam Bitcoin Treasury Strategy (AMBTS)?

    AMBTS is a new bitcoin treasury company being launched by Amdax, which aims to acquire and hold bitcoin for investors, with a goal of holding at least 1% of the total supply.

    Where will the AMBTS company be listed?

    AMBTS intends to be listed on the Euronext exchange in the Netherlands, making it one of the first publicly listed Bitcoin treasury companies in Europe.

    Why is Amdax launching a Bitcoin treasury company?

    Amdax sees a global surge in Bitcoin adoption by institutions and wants to provide a regulated and secure way for European investors to get exposure to bitcoin.

    Show More

    Related Articles

    Back to top button