- Amdax aims to acquire 1% of Bitcoin.
- Targets institutional participation via eurozone’s stock exchange.
- Plan involves private financing and regulatory compliance.
Dutch firm Amdax has launched AMBTC BV, aiming to acquire 1% of the total Bitcoin supply through a future listing on Euronext Amsterdam, supported by institutional partnerships.
Amdax’s initiative highlights rising European interest in institutional Bitcoin holdings, with potential market influence depending on future acquisition strategies and regulatory developments.
Dutch Firm Amdax to Acquire 1% of Bitcoin Supply
The Dutch company Amdax has launched a new treasury firm, AMBTC BV, with aims to acquire and hold 1% of the total Bitcoin supply. This strategic move includes a future listing on Euronext Amsterdam to gain significant institutional interest.
Amdax, led by CEO Lucas Wensing, is the first Dutch crypto firm with a MiCA license. The firm plans to engage institutional partners and utilize regulatory compliance to acquire between 199,079 and 210,000 BTC, seeking a significant position in the market.
The announcement is expected to impact both institutional and retail investors. With an institutional focus, Amdax’s move to listing on Euronext could potentially attract significant investment into Bitcoin and related financial products, increasing overall market confidence.
This development could drive investor interest towards Bitcoin, influencing its perceived value. The strategic partnerships, including with Custodiex, ensure secure, quantum-resistant custody solutions, which may boost market trust and potentially lead to positive market shifts over time.
“While Bitcoin has been the best performing major asset in the past 10 years with fast adoption as digital capital, it is still relatively small in investment portfolios. With now over 10% of Bitcoin supply held by corporations, governments, and institutions, we think the time is right to establish a Bitcoin treasury company with the aim to obtain a listing on Euronext Amsterdam, as one of the leading exchanges in Europe. This will provide institutional investors with new financial instruments to get exposure to the performance of Bitcoin.” — Lucas Wensing, CEO, Amdax
The involvement of institutional financing and listing plans points towards a long-term accumulative strategy for BTC. By focusing on regulatory compliance through MiCA and DNB, Amdax hopes to secure broader institutional participation and confidence in Bitcoin’s future performance.
Comparisons are drawn with existing treasury strategies, like MicroStrategy’s, which significantly influenced the market. Amdax’s success could further solidify Bitcoin as a mainstream institutional asset, supported by a robust regulatory framework and innovative custody solutions.
