Dutch firm Amdax plans to launch a Bitcoin treasury on Euronext, aiming to hold at least 1% of all Bitcoin.

According to Reuters, Amsterdam-based cryptocurrency service provider Amdax announced plans to launch a Bitcoin treasury company called AMBTS (Amsterdam Bitcoin Treasury Strategy) and list it on the Euronext exchange in the Netherlands. Amdax CEO Lucas Wensing stated that with over 10% of the Bitcoin supply currently held by businesses, governments, and institutions, the time is ripe for the company to promote strategic Bitcoin reserves. Bitcoin has risen 32% this year, reaching a record high, driven by positive regulatory developments and support from US President Trump. AMBTS plans to raise capital through private financing, with the long-term goal of holding at least 1% of the total Bitcoin supply.