With $23.2M Raise, AMBTS Plans Treasury to Capture 1% of BTC Supply

Amsterdam Bitcoin Treasury Strategy (AMBTS), created by Dutch firm Amdax, has secured €20M ($23.2M) in its first funding round. Proceeds will support its goal of becoming one of Europe’s first independent bitcoin treasury companies, with a planned Euronext Amsterdam listing.

The round, capped at €30M, is due to close in September. AMBTS ultimately targets controlling 1% of total bitcoin supply, with early backing from Hut 8 founder Marc van der Chijs.