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AMDAX collects 30 million euros for Bitcoin treasure: a new milestone!
The Dutch company AMDAX has collected 30 million euros for Bitcoin to acquire 1% of the inventory and plans Euronext-Listing.
AMDAX collects 30 million euros for Bitcoin treasure: a new milestone!
The Dutch cryptocurrency company AMDAX has successfully collected 30 million euros (around $ 35 million) for its Bitcoin treasury initiative AMBTS. This financing round was completed on October 7, 2023, and the initiative aims to acquire 1% of the total Bitcoin offer, which corresponds to around 210,000 BTC. CEO and co-founder Lucas Wensing described the conclusion of the financing round as an "important milestone" for the company's Bitcoin strategy.
AMDAX intends to offer investors transparent access to Bitcoin. The funds from the financing round are used for a first purchase of BTC before the company goes to the Euronext Amsterdam stock exchange. Amdax originally targeted 23 million euros before increasing the goal to 30 million euros.
AMDAX and the Bitcoin market
The cryptocurrencies market has currently undergone an exciting development. Bitcoin recently reached a new all-time high of $ 126,080, but fell to around $ 123,879, but remains stable over $ 120,000. Despite the volatility, the continued interest in Bitcoin shows the relevance of the digital asset in today's financial landscape.
AMDAX plans to accumulate at least 210,000 BTC, which represents 1% of the global Bitcoin offer. Currently, only Microstrategy holds more than 210,000 BTC, with a stock of 640,031 BTC, which corresponds to over 3% of the total offer of 21 million BTC. Microstrategy’s Bitcoin stock has a value of around $ 73 billion, and if AMDAX acts with its $ 35 million in the current prices, you could be able to acquire at least 282,533 BTC, which would make you the second largest Bitcoin treasury company.
Cooperation with traditional company
In addition to its own efforts, Amdax has a remarkable partnership with the Dutch Treasury, which also comes from the Netherlands and is supported by the Winklevoss twins. This partnership could further strengthen the position of AMDAX in the market because they aim to offer extensive services in the field of cryptocurrencies.
In a rapidly changing market environment, Amdax will be able to secure its market shares and provide transparent access to Bitcoin through its strategic decisions and increasing its capital base beyond the financing round. The developments surrounding Amdax are therefore of great importance for investors and the broader cryptocurrency market.