Bitcoin Treasury Surge: Dutch Stock Exchange Set to Host New Player

Amsterdam-based cryptocurrency firm Amdax is set to launch a Bitcoin treasury company listed on the Dutch stock exchange, according to a recent report by Reuters. This move comes as companies increasingly seek exposure to the world’s largest cryptocurrency. 3,605 Bitcoin (valued at $416 million) belong to Bitcoin Group SE, a German firm currently holding the top spot in Europe for Bitcoin holdings. Sequans Communications (SQNS), a French technology company specializing in IoT devices, holds a significant amount of BTC worth $364 million and ranks second in Europe. Notably, The Blockchain Group in France boasts 2,201 Bitcoins (worth $254 million) making it the second-largest European Bitcoin holder. The emergence of AMBTS on the Dutch stock exchange could potentially propel this trend as they aim to hold a minimum of 1% of the company’s total Bitcoin supply. Overall, around 10% of Bitcoin’s total supply is now held by corporations, according to Amdax CEO Lucas Wensing, who believes that AMBTS has the potential to become a leading player in this space. While North American and Asian companies continue to dominate the top rankings with Michael Saylor leading the charge, with his $73 billion Bitcoin holdings, the European market also sees significant activity as corporate BTC holders continue to grow.