Amsterdam-based crypto asset service provider Amdax has launched AMBTS B.V., a dedicated Bitcoin treasury company, with an initial funding commitment of €20 million (approximately $23.3 million). The spin-off entity, which has already met its minimum funding goal, is targeting a final close of €30 million by September 2025.
The capital will be used to fuel an initial Bitcoin buying spree ahead of an intended public listing on Euronext Amsterdam. This move is designed to create a novel, equity-based Bitcoin vehicle for the European market, providing institutional investors with a regulated pathway to gain exposure to BTC.
AMBTS's long-term ambition is extraordinarily ambitious: to accumulate a minimum of 210,000 bitcoin, which would represent approximately 1% of Bitcoin's total predetermined supply of 21 million coins. This would position the company among the world's largest corporate Bitcoin holders, alongside giants like MicroStrategy which currently holds 632,457 BTC.
Amdax CEO Lucas Wensing stated: "The appetite we have received for this initial financing round we believe indicates that investors welcome the initiative, providing them with an opportunity to participate in the rapidly developing market. With the establishment of AMBTS, we aim to strengthen the European autonomous digital asset industry." Notable early backers include Marc van der Chijs, founder of bitcoin miner Hut 8.
However, the company enters a crowded field with significant risks. According to BitcoinTreasuries.net, approximately 178 publicly traded companies already hold nearly 990,000 BTC collectively. Analysts at Standard Chartered have warned that a sustained drop in Bitcoin's price below $90,000 could render half of all corporate bitcoin treasuries underwater, potentially triggering liquidity crises for over-leveraged companies.