Amsterdam-based crypto provider Amdax plans to launch a new Bitcoin treasury company, AMBTS. This initiative aims to expand investment opportunities for investors and is set to be listed on the Euronext exchange.
Goals of AMBTS
Amdax aims to fulfill its ambition with AMBTS, with a long-term goal of holding at least 1% of the total Bitcoin supply. The company highlighted that institutions, governments, and corporations now collectively hold more than 10% of Bitcoin supply, reflecting the growing acceptance in the market.
Lucas Wensing, CEO of Amdax, stated: "Now, with over 10% of the 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."
Operational Structure of AMBTS
According to the Amdax statement, AMBTS will operate independently while benefiting from Amdax’s regulatory experience and infrastructure. The company has been operating a fully licensed digital asset practice for over 5 years, featuring a robust regulatory and risk management framework. Amdax plans to raise capital through private investments to start accumulating BTC, eventually scaling up through public markets. If successful, AMBTS would become one of the first publicly listed Bitcoin treasury companies in Europe.
Risk Management at Amdax
Amdax operates under a rigorous compliance and risk control environment, with ongoing independent oversight. In 2020, the company became the first crypto service provider in the Netherlands to register with the Dutch Central Bank (DNB). Since then, Amdax has taken significant steps in governance, risk control, and independent oversight, including the completion of ISAE 3000 type II audits. This highly regulated framework likely boosted Amdax’s ability to manage a Bitcoin treasury with compliance and custodial risk management.
The launch of AMBTS by Amdax highlights the growing interest of institutional investors in Bitcoin and the need for creating safe and regulated environments for their investments in European markets.
