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3h ago

Amdax Spin-Off AMBTS Raises €20 Million to Seed Bitcoin Treasury, Targets Euronext Listing

The euro-based vehicle ultimately aims to own roughly 1% of bitcoin’s supply in a crowded corporate-treasury market.

Ambts raises $23.2m to build bitcoin treasury, targets 1% of btc in circulation
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Overview

  • Amdax said investors committed €20 million (about $23.2 million) in a private placement, with the round capped at €30 million and a planned September 2025 close.
  • AMBTS is structured as an independent, euro-denominated treasury company intended to offer equity-style bitcoin exposure through a future Euronext Amsterdam listing.
  • The company’s stated long-term goal is at least 210,000 BTC, or about 1% of circulating supply.
  • Disclosed early backers include Marc van der Chijs, the founder of bitcoin miner Hut 8.
  • Coverage highlights growing competition among corporate bitcoin holders and notes risk warnings, including a view from Standard Chartered that a sustained move below $90,000 could put many treasuries underwater.