Dutch cryptocurrency service provider Amdax has raised 20 million euros ($23.3 million) to establish a Bitcoin treasury firm listed on Amsterdam’s Euronext. The financing round attracted multiple investors, aiming for Amdax to eventually acquire at least 1% of all Bitcoin, equating to about 210,000 BTC, currently valued at over $23 billion. AMBTS, the new entity, seeks to use capital markets to enhance Bitcoin holdings and generate equity appreciation for shareholders. Corporate interest in Bitcoin treasuries has surged since MicroStrategy's pioneering efforts. Numerous companies from various industries, including Tesla and others not solely focused on Bitcoin, have also started accumulating BTC. Recent moves in this space include the Japanese firm Metaplanet’s $835 million for Bitcoin purchases, reflecting growing institutional adoption. Michael Saylor’s Strategy company, holding 632,457 BTC, remains the largest Bitcoin treasury globally, highlighting the increasing trend of companies investing in Bitcoin as a treasury asset.

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