Amsterdam Bitcoin Treasury Technique (AMBTS), established by Dutch crypto-asset service supplier Amdax, has raised €20 million ($23.2 million) in its preliminary financing spherical. The funding, secured by way of non-public placements, will seed the corporate’s bitcoin accumulation technique. The spherical, capped at €30 million ($34.8 million), is anticipated to shut in September 2025.
The proceeds will assist AMBTS’s plan to ascertain one of many first unbiased bitcoin treasury firms in Europe, with an inventory on Euronext Amsterdam. Over the long run, AMBTS goals to develop its holdings to not less than 1% of all bitcoin in circulation.
Marc van der Chijs, founding father of bitcoin miner Hut 8, is among the many early backers.