Dutch Firm Amdax Targets Bitcoin Treasury Listing on Euronext Amsterdam
Amdax to launch AMBTS with goal of becoming a “1% Bitcoin treasury company” amid Europe’s rising corporate Bitcoin adoption
Dutch cryptocurrency service provider Amdax has announced plans to launch a Bitcoin treasury company, AMBTS B.V., with the goal of securing a listing on the Euronext Amsterdam stock exchange. The initiative comes as more European firms follow the path of U.S. counterparts in adopting Bitcoin as part of their corporate strategy.
AMBTS will operate as a stand-alone firm with independent governance and aims to accumulate up to 1% of all Bitcoin in circulation. At current prices above $115,800, this would require more than $24 billion worth of BTC. Amdax said it will raise capital in phases through the markets to expand Bitcoin holdings, increase equity value, and boost Bitcoin-per-share metrics for investors.
Founded in 2020, Amdax became the first crypto service provider registered with the Dutch Central Bank and later one of the first to secure a MiCA license from the Dutch Authority for the Financial Markets (AFM). The company plans to raise funds from private investors in its initial financing round to jumpstart its Bitcoin accumulation strategy. Its platform already offers trading for 33 cryptocurrencies, automated investing, and managed portfolio services.
Corporate Bitcoin adoption accelerates in Europe
European companies are increasingly adding Bitcoin to their balance sheets, though exposure remains relatively small in most portfolios, according to Amdax CEO Lucas Wensing.
“With now over 10% of bitcoin supply held by corporations, governments and institutions, we think the time is right to establish a Bitcoin treasury company with the aim to obtain a listing on Euronext Amsterdam, as one of the leading exchanges in Europe,”
Wensing said.
At least 15 European companies have already publicly disclosed Bitcoin holdings. These include Germany’s Bitcoin Group (3,605 BTC), the UK’s Smarter Web Company (2,395 BTC), France’s The Blockchain Group (1,653 BTC), and the UK’s Satsuma Technology (1,126 BTC). Other firms with smaller holdings include Sweden’s H100 Group, Samara Asset Group, CoinShares International Limited, and Aker ASA.
Bitcoin maintains long-term dominance
Bitcoin continues to outperform all major asset classes, gaining over 26,900% in the past decade, compared with 193% for the S&P 500, 125% for gold, and just 4.3% for crude oil, according to CoinGecko.
Corporate adoption of Bitcoin is also expanding in Asia. Japanese investment firm Metaplanet recently purchased an additional 775 BTC worth more than $89 million, raising its total holdings to 18,888 BTC, or about $2.1 billion.
Metaplanet’s stock has surged nearly 190% year-to-date, far outpacing Japan’s TOPIX Core 30 index of leading blue-chip firms. However, despite strong earnings, Google Finance data shows the company’s stock fell 12.7% over the past five trading days, closing at 900 Japanese yen ($6.11) per share.
