Amsterdam Bitcoin Treasury Strategy (AMBTS), established by Dutch crypto-asset service provider Amdax, has raised €20 million ($23.2 million) in its initial financing round. The funding, secured through private placements, will seed the company’s bitcoin accumulation strategy. The round, capped at €30 million ($34.8 million), is expected to close in September 2025.
The proceeds will support AMBTS’s plan to establish one of the first independent bitcoin treasury companies in Europe, with a listing on Euronext Amsterdam. Over the long term, AMBTS aims to grow its holdings to at least 1% of all bitcoin in circulation.
Marc van der Chijs, founder of bitcoin miner Hut 8, is among the early backers.
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
Strategy’s stock is trading below the value of its own Bitcoin holdings — an unusual…
The cryptocurrency community pushed back, with Michael Saylor saying Bitcoin has no issuer, promoter, or…
Crypto pundit Crypto Bully has shared his base case for Bitcoin and what to expect…
The past week recorded a significant change in the Bitcoin price action, where there was…
The largest publicly traded corporate holder of bitcoin would need to buy roughly 6,158 BTC…
On-chain analytics firm Glassnode has highlighted how Bitcoin has only seen a relatively thin accumulation…