A Dutch company, Amdax, is making a big splash in the world of Bitcoin. They’ve just launched a new company, AMBTS, with a massive goal: to own 1% of all the Bitcoin that will ever exist – that’s roughly 210,000 Bitcoin!
A $23 Million Gamble for Bitcoin Dominance
AMBTS secured a hefty $23 million in seed funding to kickstart this ambitious project. This money is already committed, and they plan to list AMBTS on the Euronext Amsterdam stock exchange. At current prices, their ultimate goal represents a value exceeding $23 billion. Their strategy is simple: buy and hold Bitcoin, aiming to increase the value per share for their investors.
The Growing Trend of Corporate Bitcoin Treasuries
AMBTS isn’t alone in this strategy. Many companies are now using Bitcoin as a treasury asset, a trend popularized by Michael Saylor’s MicroStrategy. Some companies simply add Bitcoin to their existing balance sheets, while others, like AMBTS, are created specifically to accumulate Bitcoin.
Who’s in the Bitcoin Treasury Game?
Several big names are already in the Bitcoin treasury game:
- MicroStrategy: Holds the largest corporate Bitcoin stash, with over 632,000 BTC.
- Tesla: Also holds a significant amount of Bitcoin.
- Block, Inc. (formerly Square): Added Bitcoin to its treasury.
- Metaplanet (Japan): Actively raising funds to buy more Bitcoin.
- MercadoLibre: Has built a Bitcoin reserve.
- Aker (Norway): Another company with Bitcoin reserves.
- Rumble (Canada): The video-sharing platform also holds Bitcoin.
These companies, along with others, are actively removing Bitcoin from circulation, thus potentially impacting its overall supply and price.
AMBTS: A Contender in the Bitcoin Treasury Race
AMBTS is a new player, but its significant funding and ambitious goals put it firmly in the competition. They’re betting big on Bitcoin as a long-term strategic asset, not just a short-term investment. It will be interesting to see how this plays out.