Amsterdam Bitcoin Treasury Technique (AMBTS), established by Dutch crypto-asset service supplier Amdax, has raised €20 million ($23.2 million) in its preliminary financing spherical. The funding, secured by way of non-public placements, will seed the corporate’s bitcoin accumulation technique. The spherical, capped at €30 million ($34.8 million), is predicted to shut in September 2025.
The proceeds will help AMBTS’s plan to ascertain one of many first impartial bitcoin treasury firms in Europe, with a list on Euronext Amsterdam. Over the long run, AMBTS goals to develop its holdings to at the very least 1% of all bitcoin in circulation.
Marc van der Chijs, founding father of bitcoin miner Hut 8, is among the many early backers.
