Dutch crypto service provider Amdax plans to establish a listed company AMBTS with a long-term goal of acquiring 210,000 bitcoins

ChainCatcher reports, citing Reuters, that Dutch cryptocurrency service provider Amdax has announced plans to launch a Bitcoin wealth management company called AMBTS (Amsterdam Bitcoin Wealth Strategy Company) on the Dutch stock exchange.

Amdax CEO Lucas Wensing stated, "Currently, over 10% of the Bitcoin supply is held by corporations, governments, and institutions. We believe now is the right time to establish a Bitcoin wealth company and aim for a listing on Euronext Amsterdam, one of Europe's leading exchanges."

Amdax and AMBTS plan to raise funds from a wide range of private investors in the first round of financing. The long-term goal for AMBTS is to eventually hold at least 1% of the total Bitcoin supply, which amounts to 210,000 coins.