On Oct. 7, Reuters reported that Dutch cryptocurrency company Amdax has completed its funding round for its Bitcoin treasury initiative, reaching its target of 30 million euros ($35 million). The company is now preparing to launch its standalone treasury entity, Amsterdam Bitcoin Treasury Strategy (AMBTS).
In a statement, Amdax confirmed it is ready to begin purchasing Bitcoin for its treasury. CEO and AMBTS co-founder Lucas Wensing described the completion of the funding round as an “important milestone” in the firm’s mission to accumulate Bitcoin.
“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 major companies adding Bitcoin to corporate reserves. Another Dutch firm pursuing a BTC treasury, Treasury, backed by the Winklevoss twins, has already taken the lead with a balance of 1,000 BTC.
Amdax’s BTC Ambition
Earlier reports from Crypto.news indicated that Amdax initially targeted €23 million for its funding round, before raising the goal to €30 million in September 2025. The capital will support an initial Bitcoin buying campaign ahead of its planned public listing on Euronext Amsterdam, providing European investors with a new BTC-based investment vehicle.
Through its BTC treasury initiative, Amdax aims to accumulate at least 210,000 BTC. Achieving this would represent roughly 1% of the total global Bitcoin supply. For context, the only entity currently holding more than 210,000 BTC is Michael Saylor’s MicroStrategy, which owns 640,031 BTC—over 3% of the 21 million BTC supply, valued at approximately $73 billion.
Bitcoin recently hit a new all-time high of $126,080, surpassing its previous peak of $125,500. Following the surge, the cryptocurrency has pulled back slightly to around $123,879, but it remains comfortably above the $120,000 mark.
With $35 million in funding, Amdax could acquire approximately 282,533 BTC at current prices. While this would not unseat MicroStrategy as the world’s largest Bitcoin treasury, it would position AMBTS as the second-largest corporate Bitcoin holder globally.
