Amdax Invests $23 Million in Bitcoin Treasury Strategy Launch

Cryptocurrency platform Amdax has launched a €20 million (€23.3 million USD) initiative to acquire 1% of the total Bitcoin supply, known as the Amsterdam Bitcoin Treasury Strategy (AMBTS). This groundbreaking move involves establishing a dedicated Bitcoin treasury company called AMBTS B.V., with the initial funding from a cohort of undisclosed investors. The strategy is set to impact European crypto markets and potentially reshape the landscape for regulated crypto treasury strategies under MiCA compliance.