AMBTS Launches with $23 Million to Secure 1% of Bitcoin Supply
Amdax,a Dutch crypto asset service provider,has unveiled AMBTS,a dedicated bitcoin treasury firm. Backed by an initial $23 million investment, AMBTS aims to acquire 1% of Bitcoin’s total supply for European markets.
On August 29, Amdax CEO Lucas Wensing announced that partners have committed €20 million ($23.3 million) to launch AMBTS. This independent venture seeks a final €30 million by September 2025. The funds will enable an aggressive Bitcoin purchasing phase before listing on Euronext Amsterdam. This move creates a new equity-based Bitcoin platform for Europe.
- AMBTS targets holding 210,000 bitcoins,representing 1% of the total supply.
- The goal positions AMBTS among the world’s top corporate Bitcoin holders.
- This shift marks Amdax’s transition from service provider to a principal accumulator.
Wensing believes investor interest signifies enthusiasm for the project. Splitting off AMBTS aims to bolster the European digital asset sector and offer a unique investment option for institutions.
However, the challenge lies in a crowded and competitive landscape. Around 178 public firms already hold nearly 990,000 BTC. Leading names like Michael Saylor’s Strategy control over 632,000 BTC.
Analysts warn of risks with the volatile asset. A prolonged price drop under $90,000 could leave many corporate treasuries in crisis. Despite this, AMBTS is bullish on Bitcoin as a non-sovereign store of value.
