Dutch Crypto Firm Amdax Raises $23M for Ambitious Bitcoin Treasury Strategy
The company launched a new division called Amsterdam Bitcoin Treasury Strategy (AMBTS). This separate company plans to list on Amsterdam’s Euronext stock exchange. Their goal is huge: accumulate 210,000 Bitcoin worth over $23 billion at current prices.
A Dutch cryptocurrency company has raised $23.3 million to buy massive amounts of Bitcoin. Amdax, one of the Netherlands’ leading crypto service providers, wants to own 1% of all Bitcoin that will ever exist.
Multiple investors committed €20 million ($23.3 million) in the first funding round. The money will help AMBTS start buying Bitcoin right away. The company plans to raise more money later through public markets.
Europe Joins the Bitcoin Race
Amdax’s move shows how European…
