Bitcoin Treasury Startup AMBTS Raises $23.2M, Sets Sights on 1% of BTC

Amsterdam Bitcoin Treasury Strategy (AMBTS), founded by Dutch crypto services firm Amdax, has raised €20 million ($23.2M) in its initial financing round. The round, capped at €30M ($34.8M) and expected to close in September, will fund the company’s strategy of accumulating bitcoin reserves.

AMBTS plans to establish one of Europe’s first independent bitcoin treasury companies with a future listing on Euronext Amsterdam. Its long-term goal is to amass 1% of all bitcoin in circulation. Early investors include Marc van der Chijs, founder of miner Hut 8.

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