Dutch cryptocurrency service provider Amdax has raised €20 million ($23.3 million) and plans to launch a Bitcoin treasury company on the pan-European stock exchange in Amsterdam.
According to an announcement on Friday, several investors have committed to investing approximately $23.3 million in Amdax's initial financing round for its Bitcoin (BTC) treasury. This follows the earlier announcement this month to launch the treasury as an independent private company with its own governance structure, AMBTS.
The goal of AMBTS is to eventually accumulate at least 1% of all Bitcoin, which is about 210,000 Bitcoins. Currently, that amount of Bitcoin is worth over $23 billion.
"AMBTS plans to leverage capital markets to increase its Bitcoin holdings and gradually achieve equity appreciation and growth in Bitcoin per share as market and other conditions allow," the announcement stated.
Since Strategy—then still MicroStrategy—demonstrated the feasibility of this approach, the Bitcoin treasury strategy has gradually gained momentum among publicly listed companies.
This trend has also led several companies to begin acquiring Bitcoin, even if they are not focused on Bitcoin accumulation. These companies include American electric vehicle manufacturer Tesla, American thermal management and battery safety company KULR Technology, Norwegian industrial investment company Aker, Brazilian fintech company Méliuz, Latin America's leading e-commerce platform MercadoLibre, Maltese investment management company Samara, Thai telecommunications company Jasmine, American coal producer Alliance, and Canadian video-sharing platform Rumble.
Meanwhile, companies focused on Bitcoin acquisition continue to accumulate more Bitcoin. This has also reduced the number of Bitcoins in circulation.
Earlier this week, Japanese Bitcoin treasury Metaplanet approved a plan to raise approximately $880 million through overseas stock issuance, with nearly $835 million allocated for purchasing Bitcoin. This week, French semiconductor company Sequans Communications submitted a $200 million market stock issuance application to advance its Bitcoin treasury strategy.
Earlier this month, Michael Saylor, co-founder of the world's first Bitcoin treasury company Strategy, announced an upcoming Bitcoin acquisition, which will be the company's third acquisition in August. Strategy currently holds 632,457 Bitcoins, worth over $6.95 billion, accounting for more than 3% of all Bitcoins that will ever be mined.
Related: Bitcoin (BTC) "horn" pattern points to a target of $260,000, technical indicators signal "oversold" alert
Original: “Dutch crypto firm Amdax targets 1% Bitcoin supply with $23M treasury launch”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
