Dutch cryptocurrency service provider Amdax is set to establish a Bitcoin-focused treasury company, AMBTS B.V., with plans to list on Amsterdam’s Euronext stock exchange.
The move signals a growing trend among European firms following in the footsteps of U.S. companies by incorporating Bitcoin into corporate treasury strategies.
According to the announcement, AMBTS will operate as an independent, privately held entity with its own governance structure. The company aims to become a “1% Bitcoin treasury company,” targeting the accumulation of 1% of the global Bitcoin supply. At current prices above $115,800, reaching this milestone would require more than $24 billion in Bitcoin purchases.
The company intends to raise funds in phases through capital markets, with the initial financing round focused on kick-starting its Bitcoin accumulation strategy. AMBTS’ approach is designed to boost equity value and increase Bitcoin-per-share metrics for investors.
Amdax, which became the first crypto service provider registered with the Dutch Central Bank in 2020, also received a Markets in Crypto-Assets (MiCA) license from the Dutch Authority for the Financial Markets (AFM) earlier this year, on June 26. The platform currently supports trading across 33 cryptocurrencies and offers both automated investing and expert-managed portfolio strategies.
Several European companies have already adopted Bitcoin as part of their treasury strategy. Notable holdings include Germany’s Bitcoin Group with 3,605 BTC, the UK’s Smarter Web Company with 2,395 BTC, France’s The Blockchain Group with 1,653 BTC, and the UK’s Satsuma Technology with 1,126 BTC.
Other firms with smaller Bitcoin holdings include Sweden’s H100 Group, Samara Asset Group, CoinShares International, 3U Holding, Advanced Bitcoin Technologies, Phoenix Digital Assets, Baultz Capital, Vanadi Coffee, Aker ASA, K33, and Refined Group.
Bitcoin has outperformed traditional asset classes over the past decade, delivering a gain of more than 26,900%, compared with 193% for the S&P 500, 125% for gold, and 4.3% for crude oil, according to CoinGecko.
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