Amdax, a cryptocurrency service provider based in the Netherlands, has announced plans to set up a dedicated bitcoin treasury company.

The primary goal is to secure a listing on Euronext Amsterdam. The new entity will operate as an independent company with its own governance structure. AMBTS B.V., as it will be known, aims to accumulate bitcoin reserves over time and eventually hold 1% of the cryptocurrency’s total circulating supply. Based on current market prices, where bitcoin is trading above USD 115,800 at the time of writing, this target would equate to more than USD 24 billion in assets.

Growing Role of Bitcoin in Corporate Reserves

AMBTS plans to raise capital through multiple stages, beginning with a private financing round. The funds are expected to be used for bitcoin acquisitions and to improve equity value and per-share metrics. Company representatives believe the timing is favorable, noting that corporations, governments, and institutions now collectively hold more than 10% of the global bitcoin supply.

Amdax was the first crypto service provider to register with the Dutch Central Bank in 2020. It also obtained a Markets in Crypto-Assets (MiCA) license from the Dutch Authority for the Financial Markets earlier this year.

This move follows an increasing interest among European firms in treating bitcoin as a treasury reserve asset. Public filings reveal that at least 15 companies in Europe currently hold varying amounts of bitcoin, including Germany’s Bitcoin Group, UK-based Smarter Web Company, France’s The Blockchain Group, and the UK’s Satsuma Technology. Holdings range from several hundred to several thousand BTC.

Globally, there is also a growing trend in corporate adoption of bitcoin as an asset on balance sheets. In Japan, investment company Metaplanet has significantly expanded its position to over 18,800 BTC, valued at approximately USD 2.1 billion.