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

Dutch crypto firm Amdax has secured 30 million euros ($35M) in its latest funding round to launch a dedicated Bitcoin treasury company, Amsterdam Bitcoin Treasury Strategy (AMBTS), with plans to accumulate 1% of the total BTC supply. According to a Reuters report dated October 7, the AMBTS team is now prepared to begin acquiring Bitcoin for its treasury. CEO and AMBTS co-founder Lucas Wensing described the completion of the funding round as a crucial milestone in the company’s Bitcoin accumulation missio ...