Dutch cryptocurrency company Amdax aims for an accumulation of 1% Bitcoin.

Amdax, a cryptocurrency service provider based in the Netherlands, has just raised 20 million euros (23.3 million USD) to launch a Bitcoin treasury company on the Euronext Amsterdam exchange. According to the announcement, many investors have participated in the initial funding round, supporting the plan to establish an independent private company called AMBTS.

AMBTS has set an ambitious goal: to accumulate at least 1% of the total supply of Bitcoin, equivalent to approximately 210,000 BTC, currently valued at over 23 billion USD. The company stated that it will leverage the capital market to expand its holdings of Bitcoin, thereby increasing the value of equity and enhancing the amount of Bitcoin per share for shareholders.

This move marks a significant advancement in Amdax's strategy, while also demonstrating the growing confidence of investors in Bitcoin as a strategic asset in the long term.