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.
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.”
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.
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.
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.
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.
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.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
After a brief recovery yesterday, the crypto market has turned red again. On Monday, prices…
The rejection of $3000 has pushed the Ethereum (ETH) price into a strong bearish trajectory.…
Crypto use in Iran is rising as the country faces ongoing U.S. sanctions and a…
Canton network price today is trading near $0.189 as fresh institutional infrastructure developments reshape its…
Despite the recent bounce, Bitcoin (BTC) price action continues to show clear signs of pressure…
Arbitrum DAO has confirmed that its official X account has been compromised. The team warned…
