tl;dr
Dutch crypto service provider Amdax is launching AMBTS B.V., a Bitcoin treasury company on Amsterdam’s Euronext exchange, aiming to hold 1% of all Bitcoin in circulation, worth over $24 billion. AMBTS plans staged capital raises to grow Bitcoin holdings and enhance shareholder value. Amdax, register...
Dutch cryptocurrency service provider Amdax is preparing to launch a Bitcoin treasury company, AMBTS B.V., on Amsterdam’s Euronext stock exchange. AMBTS will operate independently with the ambitious goal of accumulating 1% of all Bitcoin in circulation, which currently equates to over $24 billion at Bitcoin prices above $115,800. The company plans to raise capital in stages to expand its Bitcoin holdings, increase equity value, and improve Bitcoin-per-share metrics for investors.
Amdax, which became the first crypto service provider registered with the Dutch Central Bank in 2020, recently received a Markets in Crypto-Assets Regulation (MiCA) license from the Dutch Authority for the Financial Markets. The company offers a trading platform with 33 cryptocurrencies, automated investing, and expert-managed portfolio strategies. AMBTS intends to kickstart its Bitcoin accumulation strategy through private investment rounds.
Corporate adoption of Bitcoin is growing across Europe, though Bitcoin's share in investment portfolios remains relatively small. According to Amdax CEO Lucas Wensing, over 10% of Bitcoin supply is now held by corporations, governments, and institutions, making this an opportune time to establish a publicly-listed Bitcoin treasury company on Euronext Amsterdam. Notable European companies with Bitcoin holdings include Germany’s Bitcoin Group, the UK’s Smarter Web Company, France’s The Blockchain Group, and the UK’s Satsuma Technology, among others.
Bitcoin has significantly outperformed other major asset classes over the last decade, surging over 26,900% compared to the S&P 500’s 193%, gold’s 125%, and crude oil’s 4.3%. In Asia, corporate Bitcoin adoption is also ramping up, led by Japan’s Metaplanet, which holds over 18,888 BTC valued at roughly $2.1 billion. Despite a strong year-to-date stock surge of nearly 190%, Metaplanet’s shares have recently experienced a sharp decline, highlighting the volatility inherent in this emerging market sector.
As Bitcoin continues to gain traction within corporate treasuries globally, AMBTS’s move signals a growing trend of institutionalizing cryptocurrency investments on traditional stock exchanges, bridging the gap between digital assets and mainstream finance.