amdax

ChainCatcher news, Dutch cryptocurrency company Amdax announced on Tuesday that it plans to launch a Bitcoin reserve company named AMBTS on the Dutch exchange, having raised 30 million euros (approximately 35 million dollars) in funding.Amdax stated that the completion of the first round of financing for AMBTS means the company is ready to initiate its Bitcoin purchasing program.

ChainCatcher news, according to Reuters, Dutch cryptocurrency service provider Amdax has announced plans to launch a Bitcoin wealth company named 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, and we believe it is time to establish a Bitcoin wealth company and aim for a listing on the Euronext Amsterdam, which is one of the leading exchanges in Europe."Amdax and AMBTS plan to raise funds from numerous private investors in the first round of financing, while AMBTS's long-term goal is to hold at least 1% of the Bitcoin supply over time, which amounts to 210,000 coins.