Bitcoin News Today: Dutch Firm Aims to Acquire 1% Bitcoin Supply via Euronext Listing

Amdax, a Dutch cryptocurrency services firm, has launched a new entity, AMBTC BV, with the goal of acquiring 1% of the total Bitcoin supply—approximately 210,000 BTC—through a planned listing on Euronext Amsterdam [1]. This strategic initiative reflects a growing European appetite for institutional Bitcoin holdings and aims to attract institutional investors by offering new financial instruments tied to Bitcoin’s performance [2]. Amdax, led by CEO Lucas Wensing, is the first Dutch firm to hold a MiCA license, underscoring its commitment to regulatory compliance [3].

The firm aims to raise funds in stages from private investors to facilitate the acquisition of Bitcoin, with the long-term objective of building a treasury similar to those of major global corporations [4]. Institutional interest is expected to grow as Amdax leverages its regulatory standing and partnerships, including with Custodiex, to provide secure and quantum-resistant custody solutions [5]. At the current price of $116,100 per Bitcoin, acquiring 1% of the total supply would require an investment of approximately $24 billion [6].

Amdax highlights Bitcoin’s low correlation with traditional assets as a compelling reason for institutional adoption, particularly in times of high inflation and geopolitical uncertainty [1]. The firm also notes that only one entity currently holds more than 1% of the total Bitcoin supply, suggesting that Amdax’s ambition is aligned with the current market landscape [3].

Lucas Wensing emphasized that with over 10% of the Bitcoin supply already held by corporations and institutions globally, the timing is favorable for establishing a European Bitcoin treasury company [1]. Amdax plans to use the proceeds from its initial financing round to accelerate its acquisition strategy, potentially increasing its equity value over time [5]. The move mirrors similar strategies employed by other firms and is seen as a step toward institutionalizing Bitcoin as a strategic asset rather than a speculative one [6].

This development aligns with broader European trends where firms are increasingly adopting Bitcoin as part of their long-term financial strategies. For example, UK-based companies have expanded their BTC holdings, while Norway’s sovereign wealth fund has reported a rise in indirect exposure to Bitcoin [1]. The European market is following the trajectory of U.S. institutions, which have also shown growing confidence in Bitcoin as a diversified portfolio component [4].

Amdax’s AMBTC BV will operate with independent governance and a singular focus on acquiring and holding Bitcoin. The firm expects the listing on Euronext Amsterdam to provide institutional investors with new tools for gaining exposure to Bitcoin’s performance [2]. This approach is expected to drive further interest and confidence in the cryptocurrency, reinforcing its position as a legitimate asset class [6].

Source:

[1] Bitcoinist.com

https://bitcoinist.com/dutch-amdax-launch-bitcoin-treasury-1-btc-supply/

[2] Cointelegraph

https://cointelegraph.com/news/dutch-crypto-firm-bitcoin-treasury-amsterdam-s-euronext

[3] Intellectia

https://intellectia.ai/news/crypto/dutch-firm-targets-1-of-all-bitcoin-with-new-treasury-company

[4] TradingView

https://www.tradingview.com/news/cryptonews:69222587c094b:0-amdax-unveils-euronext-bound-bitcoin-treasury-targeting-1-supply-europe-s-microstrategy/

[5] Techinasia

https://www.techinasia.com/news/dutch-crypto-firm-amdax-launch-bitcoin-treasury-euronext/amp/

[6] Coindoo

https://coindoo.com/dutch-firm-targets-1-of-all-bitcoin-with-new-treasury-company/