Key Takeaways
- Amdax raises €20 million to fund its Bitcoin treasury AMBTS ahead of planned 2025 IPO.
- AMBTS targets 1% of total Bitcoin supply, aiming to accumulate 210,000 BTC via capital markets.
- Amdax joins 100+ firms globally holding bitcoin, alongside giants, such as MicroStrategy and Marathon.
- Total disclosed Bitcoin holdings reach 3.68 million BTC across 310 entities worldwide.
Dutch crypto service provider Amdax said on Friday it has raised 20 million euros (around $23 million) in initial financing for its newly created Bitcoin treasury AMBTS B.V., as it prepares for an initial public offering on Euronext Amsterdam next year.
According to the announcement, AMBTS plans to use the proceeds to begin accumulating Bitcoin as part of a strategy to establish an independent listed treasury vehicle.
The financing round, backed by private placements, is capped at 30 million euros and expected to close in September 2025, the firm said.
Amdax, which will remain a separate regulated entity, launched AMBTS as a stand-alone company focused solely on Bitcoin holdings. Its long-term goal is to become a “1% treasury,” controlling at least 1% of Bitcoin in circulation, equivalent to around 210,000 coins, through capital markets funding.
“Based on the interest in Bitcoin from parties within our ecosystem, we decided to establish a dedicated Bitcoin treasury company,” said Lucas Wensing, Amdax chief executive and AMBTS co-founder.
The appetite we have received for this initial financing round indicates that investors welcome the initiative, providing them with an opportunity to participate in the rapidly developing market.
AMBTS joins crowded field of corporate Bitcoin treasuries
AMBTS is entering a field dominated by corporate giants that have amassed tens of thousands of Bitcoins on their balance sheets.
MicroStrategy leads the race by a wide margin, holding around 630,000 coins, firmly establishing itself as the world’s largest corporate Bitcoin treasury. Marathon Digital follows with about 50,600, while Twenty One Capital holds roughly 43,500.
Other significant players include Bitcoin Standard Treasury Company with about 30,000 coins and crypto exchange operator Bullish, which owns 24,000.
Among miners, Riot Platforms holds around 19,200, while CleanSpark has 12,700.
Meanwhile, Coinbase, the largest U.S. crypto exchange, discloses holdings of around 11,800 coins, and Japan’s Metaplanet Inc. has accumulated close to 19,000.
Beyond the corporate giants, a number of listed firms hold more modest allocations of between 50 and 100 Bitcoins, signaling broader but cautious exposure across corporate balance sheets, with the overall list of corporate treasuries now extending to around 100 holders worldwide.
These include smaller technology companies, fintech platforms and niche investment vehicles that disclose direct Bitcoin holdings without pursuing large‑scale accumulation.
Global Bitcoin Treasuries at a Glance
Amdax’s new treasury joins a group of 310 entities worldwide that disclose Bitcoin holdings, with public companies representing the largest share at 178, followed by 61 private firms, 44 exchange-traded funds and other investment vehicles, 12 governments, and 11 decentralized contracts.
Collectively, these treasuries hold about 3.68 million Bitcoin, or nearly 18% of the total supply.
Geographically, the United States leads with 107 entities holding Bitcoin on their balance sheets. Canada follows with 43, the United Kingdom with 20, while Japan and Hong Kong each report 11.
Read More: Why BTC’s Pullback Isn’t a Red Flag According to This Analyst?
