Dutch crypto firm Amdax targets 1% Bitcoin supply with $23M treasury launch

Dutch crypto firm Amdax raised $23.3 million to launch AMBTS, a Bitcoin treasury company aiming to list on Amsterdam’s Euronext and accumulate 1% of all BTC.

Dutch cryptocurrency service provider Amdax raised 20 million euros ($23.3 million) to launch a Bitcoin treasury company on Amsterdam’s Euronext stock exchange.

According to a Friday announcement, multiple investors have committed about $23.3 million in an initial financing round for Amdax’s Bitcoin (BTC) treasury. This follows an announcement earlier this month that it would launch the treasury as an independent, privately held company with its own governance, AMBTS.

AMBTS is being created to eventually accumulate at least 1% of all Bitcoin that will ever be created, or about 210,000 BTC. Such an amount of Bitcoin is currently worth over $23 billion.

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