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08/30 02:25

Dutch Crypto Firm Amdax Raises $23M for Ambitious

Dutch Crypto Firm Amdax Raises $23M for Ambitious Bitcoin Treasury Strategy1000055028

The company launched a new division called Amsterdam Bitcoin Treasury Strategy (AMBTS). This separate company plans to list on Amsterdam's Euronext stock exchange. Their goal is huge: accumulate 210,000 Bitcoin worth over $23 billion at current prices.

A Dutch cryptocurrency company has raised $23.3 million to buy massive amounts of Bitcoin. Amdax, one of the Netherlands’ leading crypto service providers, wants to own 1% of all Bitcoin that will ever exist.

Multiple investors committed €20 million ($23.3 million) in the first funding round. The money will help AMBTS start buying Bitcoin right away. The company plans to raise more money later through public markets.

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