Dutch crypto startup Amdax’s AMBTS secures €30M to expand blockchain services

Dutch crypto firm Amdax has successfully raised €30 million to launch its Amsterdam Bitcoin Treasury Strategy (AMBTS). This initiative positions AMBTS as a pioneering force in integrating Bitcoin into traditional financial frameworks. It is aiming to acquire up to 1% of the total Bitcoin supply. The funding marks a pivotal step in AMBTS’s strategy to offer institutional investors a regulated and transparent avenue for Bitcoin investment.

Background of Amdax and AMBTS

Amdax, established in the Netherlands, has been at the forefront of providing regulated crypto asset services. With licenses under the European Markets in Crypto-Assets (MiCA) regulation. Amdax has built a reputation for compliance and transparency in the crypto sector. AMBTS, a subsidiary of Amdax, was conceived to create a structured and regulated vehicle for Bitcoin accumulation. And, it caters to institutional investors seeking exposure to the digital asset. The long-term ambition of AMBTS is to secure at least 1% of all Bitcoin, positioning it as a significant player in the global Bitcoin treasury landscape.

Details of the €30M Funding

The €30 million funding round for AMBTS was oversubscribed, reflecting strong institutional interest in regulated Bitcoin investment vehicles. The capital raised will be utilized to initiate AMBTS’s Bitcoin accumulation program, with the first purchases already underway. CEO Lucas Wensing emphasized the importance of this milestone, stating, “We now move forward with our bitcoin strategy, aiming to offer investors transparent access to this unique asset class”.

Expansion of Blockchain Services

With the secured funding, AMBTS plans to expand its blockchain services by focusing on long-term Bitcoin accumulation through a regulated framework. The company aims to list on the Euronext Amsterdam stock exchange, providing investors with equity-like exposure to Bitcoin. This move aligns with a broader trend where companies are adding Bitcoin to their balance sheets as part of their treasury strategies. AMBTS’s approach offers a transparent and compliant alternative to traditional Bitcoin investment methods, catering to the growing demand for institutional-grade crypto assets.

Market and Industry Impact

The launch of AMBTS underscores the increasing institutional adoption of Bitcoin in Europe. According to Reuters, over 10% of Bitcoin’s supply is now held by corporations, governments, and institutions. It highlights the growing appeal of the digital asset in traditional financial markets. AMBTS’s entry into the market provides a regulated and structured option for investors seeking exposure to Bitcoin. Also, potentially influences other firms to adopt similar strategies.

Future Outlook and Strategy

Looking ahead, AMBTS plans to continue its Bitcoin accumulation strategy, aiming to reach its target of acquiring 1% of the total Bitcoin supply. The company also intends to expand its services by offering additional blockchain-based investment products and exploring opportunities for global expansion. By leveraging its regulatory licenses and institutional backing, AMBTS is poised to play a significant role in the evolving landscape of cryptocurrency investment.

Conclusion

Amdax’s AMBTS has taken a significant step in bridging the gap between traditional finance and the emerging world of cryptocurrencies. With the successful completion of its €30 million funding round. AMBTS is well-positioned to offer institutional investors a regulated and transparent avenue for Bitcoin investment. As the digital asset landscape continues to evolve, AMBTS’s approach may serve as a model for future initiatives. Also aiming to integrate cryptocurrencies into mainstream financial systems.

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Disclaimer:

This content is for informational purposes only and is not financial advice. Always conduct your research.