Backed by Dutch crypto platform Amdax, Amsterdam Bitcoin Treasury Strategy (AMBTS) has raised €20M ($23.2M) through private placements. The fundraising, capped at €30M, will close in September and finance the company’s large-scale bitcoin accumulation plan.
AMBTS aims to list on Euronext Amsterdam and ultimately build holdings equal to 1% of circulating bitcoin. Among early investors is Marc van der Chijs, founder of bitcoin mining company Hut 8.
