Dutch cryptocurrency company Amdax has successfully raised €30 million ($35 million) to kickstart its ambitious Bitcoin treasury initiative, the Amsterdam Bitcoin Treasury Strategy (AMBTS). The firm aims to accumulate up to 1% of the total Bitcoin supply, marking one of the most significant corporate BTC acquisition plans in Europe.
According to a statement released on October 7, Amdax has completed its latest funding round, reaching its goal and paving the way to begin large-scale Bitcoin purchases. CEO and AMBTS co-founder Lucas Wensing described the achievement as an “important milestone” for the company’s long-term strategy to build a transparent and institutional-grade Bitcoin treasury.
“We now move forward with our Bitcoin strategy, aiming to offer investors transparent access to this unique asset class,” Wensing said.
Amdax joins a growing list of companies building Bitcoin reserves as part of their balance sheet strategy—a movement popularized by firms like MicroStrategy, led by Michael Saylor, which currently holds over 640,000 BTC, worth approximately $73 billion.
The Dutch firm Treasury, backed by the Winklevoss twins, has also entered the space, already holding around 1,000 BTC. Amdax’s new venture, however, represents one of the largest dedicated Bitcoin treasury efforts in Europe.
Initially, Amdax planned to close its funding round at €23 million, but the company raised the target to €30 million in September 2025 due to strong investor demand. The newly secured capital will fuel the company’s initial Bitcoin purchases ahead of a planned public listing on Euronext Amsterdam, potentially making Amdax one of Europe’s first publicly traded Bitcoin treasury companies.
At current Bitcoin prices—hovering around $123,879 after recently hitting an all-time high of $126,080—Amdax’s $35 million fund could acquire roughly 282 BTC. While that’s far from MicroStrategy’s holdings, it would still position AMBTS among the largest Bitcoin-focused treasuries worldwide.
If Amdax achieves its ultimate goal of accumulating 210,000 BTC, it would control about 1% of the global Bitcoin supply—a symbolic milestone reflecting growing corporate confidence in Bitcoin as a strategic financial asset.
