Amdax, a regulated Dutch crypto asset service provider, announced the establishment of AMBTS B.V.—a dedicated Bitcoin treasury company seeded with €20 million (approximately $23.3 million) in investor commitments. AMBTS will operate as an independent spin-off focused exclusively on acquiring Bitcoin and aims to secure at least 210,000 BTC, equivalent to one percent of the cryptocurrency’s fixed supply. The initial funding round is set to remain open until a €30 million hard cap is reached by September 2025, laying the groundwork for an intended public listing on Euronext Amsterdam.
The initiative marks a significant pivot for Amdax, which until now has provided custody, trading, staking, and asset management services to private and institutional clients. By transitioning from a service provider to a principal Bitcoin accumulator, Amdax aims to create Europe’s first equity-based vehicle offering regulated institutional exposure to digital assets. The proposed listing would position AMBTS alongside major corporate holders, potentially enabling investors to participate indirectly in Bitcoin accumulation through traditional equity markets.
AMBTS’s strategy draws on Amdax’s regulatory standing under the European Markets in Crypto-Assets Regulation (MiCA) framework, with the Dutch Central Bank registration since 2020 establishing credibility in the European financial ecosystem. CEO Lucas Wensing highlighted growing institutional demand for structured Bitcoin exposure and emphasized the initiative’s role in strengthening Europe’s autonomous digital asset industry. The spin-off will maintain operational ties with Amdax while exercising independent governance to focus solely on corporate treasury objectives.
According to data from BitcoinTreasuries.net, publicly traded entities now hold nearly one million BTC combined, with microstrategy leading at over 632,000 coins. AMBTS enters a competitive landscape where sustained price declines below key thresholds, such as $90,000, could pose liquidity and valuation risks for leveraged holders. Analysts caution that a volatile market environment could challenge companies focused on aggressive accumulation without diversified risk management measures.
To mitigate these risks, AMBTS plans a phased accumulation strategy aligned with market conditions. Capital raised in the private round will enable initial purchases at prevailing prices, followed by subsequent equity offerings to support continued treasury growth. Investors will gain exposure to Bitcoin’s price movements and potential equity appreciation of AMBTS shares, offering a novel alternative to direct crypto holdings under a regulated corporate structure.
Looking forward, the completion of the funding round and subsequent Euronext Amsterdam listing will establish AMBTS as a European counterweight to US and Asian corporate treasuries. This development reflects a broader trend of institutional adoption, where corporations allocate significant portions of their balance sheets to Bitcoin as a non-sovereign store of value amid macroeconomic uncertainty. AMBTS’s ambitious one-percent target underscores a long-term commitment to the asset class and represents a strategic evolution in Europe’s digital asset landscape.
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