- AMBTS plans to buy 210,000 BTC to become a top corporate holder in the global Bitcoin market.
- Amdax raised $23 million to fund AMBTS and targets a €30 million close by September 2025.
- Bitcoin price swings and lack of global rules increase risks for firms adding crypto to their treasury plans.
Dutch crypto firm Amdax has launched AMBTS B.V., a standalone Bitcoin treasury company. The firm secured €20 million ($23.3 million) from investors. This initial capital will support Bitcoin purchases before a planned public listing. AMBTS aims to list on Euronext Amsterdam by September 2025.
The new entity operates independently from Amdax but draws on its regulatory experience. AMBTS already met its minimum funding goal and seeks to close at €30 million. The initiative positions AMBTS as a dedicated Bitcoin accumulator in Europe’s growing crypto space.
Targeting 1% of Total Bitcoin Supply
AMBTS plans to acquire up to 210,000 BTC, about 1% of the total supply. At current prices, this would equal roughly $23 billion. This target would place the firm among the largest corporate holders globally.
The structure gives investors exposure to Bitcoin through a regulated equity vehicle. Amdax registered with the Dutch Central Bank in 2020 and was early to comply with European crypto laws. This background helped the firm attract institutional support for AMBTS.
Europe trails the U.S. and Asia in corporate Bitcoin strategies. AMBTS aims to shift that balance. The move represents a shift for Amdax from providing services to executing accumulation strategies itself.
Global Competition and Growing Corporate Holdings
AMBTS joins a crowded field of corporate Bitcoin treasuries . Over 300 firms now hold more than 3.6 million BTC. MicroStrategy leads with over 632,000 BTC. Other players include MARA Holdings and Japan’s Metaplanet.
New entrants continue to emerge . Healthcare firm KindlyMD filed a $5 billion equity offering to boost its Bitcoin position. These moves reflect rising corporate interest but also increase market concentration.
Currently, 94% of corporate Bitcoin holdings sit with 20 public firms. This concentration raises systemic risk. Market exposure becomes more volatile as holdings grow in fewer hands.
Risks and Regulatory Challenges Remain
Despite momentum, corporate crypto strategies face risks. Bitcoin’s price volatility exceeds that of traditional assets. Morningstar DBRS noted that this adds credit risk for companies using crypto in treasuries.
Standard Chartered analysts warned that a dip below $90,000 could impact many holdings. Some companies may face liquidity issues if prices fall sharply. Bitcoin’s short-term volatility is nearly five times higher than the S&P 500’s.
Regulatory uncertainty adds another challenge. No global framework governs corporate Bitcoin use. Insider trading concerns have also risen. Some companies saw stock spikes before crypto announcements.
Unusual price movements have triggered investigations, raising questions about transparency in corporate Bitcoin strategies.