Dutch cryptocurrency service provider Amdax has secured 20 million euros ($23.3 million) to establish a Bitcoin treasury company on Amsterdam’s Euronext stock exchange. Multiple investors have committed to this initial financing round for Amdax’s Bitcoin treasury, named AMBTS. The aim is to accumulate at least 1% of the total Bitcoin ever created, approximately 210,000 BTC, which is currently valued at over $23 billion. AMBTS plans to utilize capital markets to grow its Bitcoin holdings and enhance equity appreciation for its shareholders. Following the success of MicroStrategy, the concept of corporate Bitcoin treasuries has gained traction, with companies across various sectors, including Tesla and KULR Technology, building their own Bitcoin reserves. Recently, firms like Japanese Metaplanet and French Sequans Communications have also engaged in major Bitcoin treasury initiatives. Michael Saylor, co-founder of Strategy, reported significant growth in their Bitcoin holdings, underscoring the increasing interest in corporate Bitcoin accumulation.

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