Despite Bitcoin’s short-term slump, companies continue building crypto treasuries. Dutch firm Amdax has now unveiled an ambitious plan to acquire 210,000 BTC, equal to 1% of the total Bitcoin supply.
Amdax is one of the Netherlands’ leading regulated crypto providers, known for its focus on compliance and user-oriented services. The company offers custody, transfers, trading, staking, and asset management. Since June 2026, it also holds a MiCA license, allowing it to operate across the European Union.
Instead of rushing into purchases, Amdax will first set up a special entity called AMBTC (Amsterdam Bitcoin Treasury Strategy). This vehicle will be listed on Euronext Amsterdam, giving institutional investors new tools to gain exposure to Bitcoin.
“Bitcoin has been the best-performing major asset of the past decade, yet it still makes up only a small part of most portfolios. With over 10% of Bitcoin’s supply already in the hands of corporations, governments, and institutions, we believe the time is right to launch a dedicated Bitcoin treasury company.”
Lucas Wensing, CEO of Amdax
Bitcoin Treasury to Operate Independently Under AMBTC
Amdax will be the driving force behind AMBTC, but the new company will operate as an independent entity with a dedicated corporate treasury strategy. While AMBTC will rely on Amdax’s services and support, it will function separately as a private limited liability company.
To launch its plan, AMBTC will raise capital through private investment rounds, beginning with an initial seed round. The funds raised will go directly toward its Bitcoin accumulation strategy, although the process depends on documentation and closing conditions.
On August 18, AMBTC confirmed it is in the advanced stages of preparing for an IPO on Euronext Amsterdam, which will mark its official market debut.
Following the early fundraising phase, AMBTC plans to carry out gradual Bitcoin purchases, guided by market conditions. The strategy mirrors that of other treasury firms, which typically buy BTC in stages, based on available funding and market dynamics.
In recent weeks, treasury purchases have slowed, as smaller entities paused their accumulation. At present, the threshold for entering the list of the top 100 Bitcoin treasuries is 40 BTC, though the majority of holdings remain concentrated among the largest players Strategy and Metaplanet.
Even these major buyers have scaled back, with their most recent acquisitions smaller than in previous weeks. Still Metaplanet maintains a bullish outlook, holding Bitcoin at an average entry price of $102,000. This leaves the company in profit despite Bitcoin’s latest pullback to around $115,000.
