AMBTS, the newly founded Bitcoin treasury company initiated by Amsterdam-based Amdax, has successfully closed its Initial Financing Round (IFR), raising €30M in aggregate investment.

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With the closing of the IFR, AMBTS is now fully funded to commence its bitcoin accumulation programme.

The company aims to use capital to grow its holdings, which will help increase equity value and bitcoin per share for investors.

Amdax, the main creator of AMBTS, has over five years of experience as a licensed Digital Asset practitioner.

Led by Lucas Wensing, Amdax is a crypto-asset service provider offering custody, transfer, trading, staking, and asset management services for digital assets.

Lucas Wensing, CEO of Amdax and co-founder of AMBTS, says, “The closing of this round is an important milestone in our journey. We now move forward with our bitcoin strategy, aiming to offer investors transparent access to this unique asset class.”

Recently, Amdax was among the first crypto-asset service providers to receive its MiCAR license from the Dutch Authority for the Financial Markets (AFM).

With this license, Amdax complies with the new European regulation for crypto markets: the Markets in Crypto-Assets Regulation (MiCAR). 

The announcement comes over a month after Amdax, a crypto-asset service provider based in Amsterdam, revealed that investors have committed approximately €20M in an initial financing round through private placements for the Amsterdam Bitcoin Treasury Strategy (AMBTS).

AMBTS: Built for bitcoin exposure

AMBTS is designed for institutional investors seeking bitcoin exposure through a regulated, European structure. Over time, AMBTS aims to become a 1 per cent Bitcoin treasury company.

AMBTS plans to utilise capital markets to increase its Bitcoin holdings, aiming to generate equity appreciation and increase Bitcoin per share for its shareholders, subject to market conditions and other factors.

AMBTS will operate as a stand-alone company with a focused corporate strategy.

It will benefit from Amdax’s capabilities while maintaining an arms-length relationship. 

The company is in advanced preparations for an initial public offering on Euronext Amsterdam.