- Amdax establishes AMBTS and intends to list a Bitcoin treasury company on Euronext Amsterdam.
- The firm targets ownership of 1% of bitcoin over time and will raise capital in stages from private investors.
Amsterdam-based crypto services firm Amdax is creating a dedicated Bitcoin treasury vehicle and aims to list it on Euronext Amsterdam. The company said the entity, Amsterdam Bitcoin Treasury Strategy, is intended to provide listed exposure to bitcoin through a balance-sheet accumulation model.
Amdax establishes AMBTS and prepares Euronext Amsterdam listing
Amdax said AMBTS B.V. has been initiated with the intention of seeking an exchange listing in the Netherlands. The company described AMBTS as a treasury-style business whose core activity will be acquiring and holding bitcoin on behalf of shareholders under a public-company framework.
The long-term ambition is to become a “1% treasury” by owning at least 210,000 bitcoin over time, equal to roughly one percent of the asset’s capped supply.
Management framed the listing path as a multi-step process. Initial financing will be sourced from private investors before a public market debut is pursued, subject to market conditions and regulatory requirements.
Amdax said the objective is to leverage capital markets in phases to increase bitcoin holdings while growing equity value and the measure of bitcoin per share for investors.
Company targets 1% of bitcoin via staged capital raises amid rising institutional exposure
Chief executive Lucas Wensing said the timing reflects rising institutional and governmental participation in bitcoin.
He cited accelerating adoption when outlining the rationale for a dedicated treasury vehicle positioned for a European listing. The firm did not publish a definitive timetable but indicated that preparatory work for a listing is underway.
The move comes as bitcoin has rallied this year, reinforcing balance-sheet strategies among corporates and specialised investment entities.
The cryptocurrency has risen by nearly one third year to date in 2025, a backdrop that has aided listed vehicles and encouraged new issuance plans in Europe and the United States.
Amdax’s proposal seeks to channel that interest into a Dutch-listed structure designed for straightforward exposure and transparent reporting.
If completed, the listing would add to Europe’s menu of exchange-traded and listed routes to bitcoin exposure while differing in structure from exchange-traded funds.
AMBTS is intended to accumulate and hold bitcoin directly as a corporate treasury, funded through equity capital, rather than track an index or futures curve.
Amdax said the strategy will depend on access to capital markets and on prevailing market conditions, which will influence the pace of accumulation and the path to the targeted ownership level over time.
Amdax did not disclose advisers, custody arrangements or an initial fundraising target. The company said further details would follow as the project progresses through private financing and listing preparations on Euronext Amsterdam.
At the time of writing, Bitcoin (BTC) is trading at USD 115,251.00, having declined USD 3,013.00, or 2.55%, over the last 24 hours.
