AMBTS Raises $23.2M to Build Bitcoin Treasury, Targets 1% of BTC in Circulation

Amsterdam Bitcoin Treasury Strategy (AMBTS), established by Dutch crypto-asset service provider Amdax, has raised €20 million ($23.2 million) in its initial financing ￰0￱ funding, secured through private placements, will seed the company’s bitcoin accumulation ￰1￱ round, capped at €30 million ($34.8 million), is expected to close in September ￰2￱ proceeds will support AMBTS’s plan to establish one of the first independent bitcoin treasury companies in Europe, with a listing on Euronext ￰3￱ the long term, AMBTS aims to grow its holdings to at least 1% of all bitcoin in ￰4￱ van der Chijs , founder of bitcoin miner Hut 8, is among the early backers.