Amdax, a digital asset company based in the Netherlands, has announced plans to launch a new venture on the Amsterdam stock exchange.
The project, called AMBTS B.V., will operate as a separate business focused only on building and managing a Bitcoin reserve.
The idea is to build up a share equal to one percent of the entire Bitcoin supply. At current prices, with Bitcoin
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AMBTS will raise funds in steps, using each round of financing to add to its Bitcoin holdings and improve investor returns based on how much Bitcoin the company owns per share.
The first stage will involve private investors, with the funds set aside to begin the accumulation process right away. Over time, the company plans to list on Euronext Amsterdam to widen access to more investors and continue building its reserve.
While AMBTS is being established, Amdax continues to run its own platform, where users can trade 33 different cryptocurrencies, set up automated strategies, or choose expert-managed portfolios.
Lucas Wensing, the company’s CEO, stated that although Bitcoin still makes up only a small part of most portfolios in Europe, he pointed out that more than 10% of the total Bitcoin supply is now in the hands of companies, governments, and institutions.
Recently, two exchange-listed companies, Metaplanet and The Smarter Web Company, purchased Bitcoin and added it to their reserves. How much BTC did they buy? Read the full story.
