Well, butter my biscuit and call me a Dutchman-the folks over at Amdax have gone and done it! The Amsterdam Bitcoin Treasury Strategy (AMBTS), a scheme so grand it’d make a tulip mania look like a bake sale, has announced plans to snatch up 1% of all Bitcoin in existence. That’s 210,000 BTC, folks-enough to make even Satoshi Nakamoto raise an eyebrow. And how’re they gonna pull this off? With a cool €20 million ($23.3 million) in their back pocket, courtesy of some deep-pocketed believers in their initial private placement financing round. 🤑
AMBTS, a stand-alone corporate Bitcoin treasury as European as a croissant, aims to give institutional investors a regulated taste of the crypto pie. The €20 million? Just the tip of the iceberg. They’re gunning for a hard cap of €30 million by September 2025. That’s right, they’re not just dipping their toes in-they’re cannonballing into the Bitcoin pool. And get this: they’re already prepping for an IPO on the Euronext Amsterdam stock exchange. A public listing, they say, will let investors ride the Bitcoin wave without getting their feet wet in the crypto sea. 🌊
Lucas Wensing, the big cheese at Amdax and co-founder of AMBTS, put it this way: “We saw the hunger for Bitcoin in our neck of the woods and thought, ‘Why not bake a bigger pie?’” And bake they did. The initial financing round? A hit. Investors are apparently as eager as a kid on Christmas morning to get a piece of this action. Wensing’s grand vision? To make Europe the Bitcoin capital of the world, one satoshi at a time. 🌍
But let’s not forget the bigger picture. Corporate Bitcoin treasuries are hotter than a summer day in the Sahara. Ever since MicroStrategy showed the world how to turn balance sheets into Bitcoin vaults, everyone’s jumping on the bandwagon. Tesla, MercadoLibre, Aker-they’re all in. Even non-tech companies like Thailand’s Jasmine Telecom and Canada’s Rumble are stacking sats like it’s going out of style. And this week? Japan’s Metaplanet and France’s Sequans Communications threw their hats in the ring with raises of $880 million and $200 million, respectively. Bitcoin’s not just a fad anymore-it’s a fortress. 🏰
So, what’s it all mean? With more institutions locking up Bitcoin like it’s Fort Knox, the supply on the open market’s shrinking faster than a snowman in July. Amdax’s move? Just another nail in the coffin for Bitcoin skeptics. It’s not just a speculative asset anymore-it’s a strategic reserve. And if AMBTS has its way, Europe’s gonna be the king of the Bitcoin hill. Crown not included. 👑
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2025-08-29 21:20