Amsterdam Bitcoin Treasury Strategy (AMBTS), established by Amdax, has successfully raised $23.2 million in its initial financing round, surpassing its initial target. The funds, sourced through private placements, will be used to support AMBTS's ambitious bitcoin accumulation strategy, aiming to gather at least 1% of all bitcoin currently in circulation. The funding round has a cap of $34.8 million and is set to close by September 2025. This initiative marks one of the first attempts to establish an independent bitcoin treasury company in Europe with plans for a listing on Euronext Amsterdam. Investors include the founder of bitcoin miner Hut 8, reflecting strong interest from notable figures in the sector. AMBTS's strategy aims not only to accumulate bitcoin but also to bring more transparency and institutional credibility to cryptocurrency investments in Europe.

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