Amdax is launching a Bitcoin treasury company, aiming for a Euronext listing as more European companies join the growing corporate Bitcoin adoption wave.
Dutch cryptocurrency service provider Amdax is preparing to launch a Bitcoin treasury company on Amsterdam’s Euronext stock exchange, as more European companies follow US counterparts in adopting Bitcoin strategies.
Amdax said Monday it is creating AMBTS B.V., a privately held company with independent governance that will operate as a stand-alone firm. AMBTS aims to become a “1% Bitcoin treasury company,” with the goal of eventually accumulating 1% of all Bitcoin (BTC) in circulation.
The company said it plans to raise capital in stages through the markets to expand its Bitcoin holdings, grow equity value and increase Bitcoin-per-share metrics for investors. Accumulating 1% of Bitcoin’s total supply would require more than $24 billion at current prices, with Bitcoin trading above $115,800 this week.
