Dutch cryptocurrency service provider Amdax has announced the creation of AMBTS B.V., a privately held Bitcoin treasury company aiming to accumulate approximately 210,000 BTC – equivalent to 1% of Bitcoin's total supply. The initiative requires over $24 billion at current prices, with Bitcoin trading above $115,800.
AMBTS will raise capital through private investors in an initial financing round, followed by a planned initial public offering (IPO) on Euronext Amsterdam. Net proceeds will fund the Bitcoin accumulation strategy, with the company targeting enhanced equity value and Bitcoin-per-share metrics for investors.
Amdax, the first crypto firm registered with the Dutch Central Bank (2020) and an early recipient of the EU's MiCA license, positions this move amid growing corporate Bitcoin adoption in Europe. CEO Lucas Wensing noted that over 10% of Bitcoin supply is now held by corporations and institutions, while highlighting that 15 European companies – including Germany's Bitcoin Group (3,605 BTC) and UK's Smarter Web Company (2,395 BTC) – already hold Bitcoin reserves.
This development aligns with Bitcoin's decade-long outperformance of traditional assets, having surged 26,900% versus 193% for the S&P 500. Similar corporate adoption is accelerating in Asia, exemplified by Japan's Metaplanet which recently acquired 775 BTC ($89M), bringing its total holdings to 18,888 BTC ($2.1B).