Amdax launches Bitcoin trust with $23 million for investors!

Amdax launches Bitcoin trust with $23 million for investors!

Amdax, a Dutch crypto asset services provider, recently raised $23.3 million to form a new company, AMBTS B.V. This company aims to build one of the largest Bitcoin reserves in the world. The plan is to own about one percent of the total Bitcoin supply, which is approximately 210,000 BTC and has an equivalent value of over $23 billion. Amdax also plans to bring AMBTS to Euronext Amsterdam in the long term. CEO Lucas Wensing emphasizes that Bitcoin still plays a minor role in many portfolios, even though the cryptocurrency has outperformed all major asset classes over the past decade.

Amdax positions itself as a counterpart to the American company Strategy, which holds over three percent of all Bitcoin. With AMBTS, Amdax wants to offer institutional investors a regulated opportunity to profit from Bitcoin price developments without having to manage Bitcoin themselves. In addition to asset management, the promised services also include trading and custody services for digital assets such as Bitcoin and Ethereum. Amdax has already received a MiCAR license from the Autoriteit Financiële Markten, which complies with the new European crypto rules.

About AMBTS and the corporate strategy

The AMBTS strategy could allow Amdax to acquire up to 210,000 BTC, which could make them a leading player in the Bitcoin market. The company plans to publish further information about AMBTS on its website www.ambts.eu. With the raising of $23.3 million, Amdax is well-positioned to realize its vision and play a significant role in the institutional cryptocurrency market.

Amdax was founded in 2019 and specializes in asset management, trading, safe storage and transfers of digital assets. The company counts private, corporate and institutional customers among its target group. The rapid development and success of Amdax is part of a larger trend: over 150 listed companies worldwide have Bitcoin on their balance sheets. The estimate is about 1.27 million BTC, which represents more than 6.3 percent of all Bitcoin in circulation; Strategy is the front runner with over 632,000 BTC.

Added value for investors

Through AMBTS, Amdax aims to create added value for investors who want access to Bitcoin without having to worry about the technical and security aspects. The opportunity to profit from cryptocurrency price movements is attracting more and more institutions, with Amdax committed to meeting this need with a comprehensive range of services.

For those interested, the company is available to obtain further information via CFF Communications' contact details, including email addresses uneke.dekkers@cffcommunications.nl and ruben.cardol@cffcommunications.nl.

All information in this press release is preliminary and subject to change, but no guarantee is given as to its completeness or accuracy. Future performance and projections are subject to risks and uncertainties, and Amdax and AMBTS assume no obligation to update any such statements.

For further details about the developments at Amdax, the articles can be found on Newsbit and up Amdax be read.