Dutch Firm Amdax Raises $35M For Bitcoin Treasury, Plans to Acquire 1% of Supply — Is $130K BTC Next?

Core Insights - Dutch crypto firm Amdax has raised €30 million ($35 million) to launch the Amsterdam Bitcoin Treasury Strategy (AMBTS), aiming to accumulate 1% of the total Bitcoin supply [1][2] - The company plans to acquire 210,000 BTC, valued at approximately $26 billion, to establish itself as a leader in the European Bitcoin treasury market [3] - Amdax's funding success is seen as a significant step towards enhancing corporate Bitcoin adoption in Europe, paralleling trends in the U.S. and Asia [3] Funding and Strategy - Amdax previously secured €20 million ($23 million) in early funding before reaching its current funding goal of €30 million [2] - The company intends to utilize capital markets to increase Bitcoin per share while pursuing its ambitious BTC target [3] Market Context - Amdax joins a growing list of companies adding Bitcoin to their corporate reserves, including Treasury B.V., which has already acquired 1,000 BTC [4] - The total corporate Bitcoin holdings have surpassed 1 million BTC across 200 firms, with MicroStrategy being the largest public holder at 640,031 BTC [5] - Globally, entities including corporations and governments hold approximately 3.74 million BTC, valued at $463.8 billion [6]