Amdax’s $23M Bitcoin Treasury Strategy Launch Revealed

Amdax has launched the Amsterdam Bitcoin Treasury Strategy, aiming to acquire 1% of all Bitcoin following a $23 million initial investment and plans for a future Euronext Amsterdam listing.

This initiative may impact Bitcoin liquidity in European markets and sets a precedent for regulated crypto treasury strategies under MiCA compliance.

Amdax B.V. has announced the launch of the Amsterdam Bitcoin Treasury Strategy (AMBTS) with an initial commitment of €20 million ($23.3 million). The initiative aims to secure up to 1% of the total Bitcoin supply.

The Dutch crypto service provider, Amdax, is leading this effort with plans for a Euronext Amsterdam listing. Lucas Wensing, CEO of Amdax, is overseeing the project, highlighting its independence and regulatory compliance.

The introduction of AMBTS is anticipated to impact the European crypto markets. The strategy targets a significant share of Bitcoin, potentially influencing liquidity and market dynamics across trading platforms.

The initiative signifies a substantial financial movement in the cryptocurrency space, with unidentified investors backing the plan. This could also set a precedent for future regulated crypto-treasury strategies within the European Union.

Lucas Wensing, CEO of Amdax, “A cohort of investors had committed €20 million (about $23.3 million) to seed AMBTS B.V., a standalone Bitcoin (BTC) treasury company designed to accumulate the original cryptocurrency relentlessly.”

The intention to accumulate 1% of Bitcoin supply signals a strong institutional interest. This move aligns with past patterns seen with companies like MicroStrategy, indicating possible positive price pressures.

Changes may arise in regulatory landscapes, with MiCA compliance ensuring legitimate market access. This approach may also influence other institutional investors considering similar strategies, potentially reshaping the crypto market framework in Europe.