Dutch Crypto Firm Amdax Plans Bitcoin Treasury Listing on Amsterdam Exchange
Dutch cryptocurrency service provider Amdax announced Monday its intention to create a Bitcoin treasury company for listing on Amsterdam's Euronext stock exchange. According to Cointelegraph, the company is establishing AMBTS B.V., a privately held firm with independent governance that will operate as a standalone entity.
AMBTS aims to become a "1% Bitcoin treasury company," targeting the eventual accumulation of 1% of all Bitcoin in circulation. This ambitious goal would require acquiring more than $24 billion worth of Bitcoin at current prices, with the cryptocurrency trading above $115,800 this week. The company plans to raise capital through multiple stages via market offerings to expand Bitcoin holdings and increase Bitcoin-per-share metrics for investors.
Amdax holds the distinction of being the first crypto service provider to register with the Dutch Central Bank in 2020. The platform recently received a Markets in Crypto-Assets Regulation license from the Dutch Authority for the Financial Markets on June 26, positioning it among the first Dutch crypto providers to operate under the new European regulatory framework.
Why This Strategic Move Matters
The Dutch firm's treasury strategy reflects growing institutional confidence in Bitcoin as a core reserve asset rather than speculative investment. Charles Schwab notes that companies are increasingly adding Bitcoin to treasury holdings as mark-to-market accounting rules now allow firms to reflect gains as well as losses, eliminating previous asymmetric impairment charges that deterred corporate adoption.
This development aligns with broader governmental Bitcoin acceptance trends. We recently reported that fifteen US states have begun taking steps toward establishing government-owned Bitcoin reserves, following President Trump's executive order to explore creating a national cryptocurrency stockpile. Pennsylvania, Oklahoma, and New Hampshire have proposed allocating up to 10% of public funds for Bitcoin purchases, demonstrating institutional momentum at multiple levels.
Amdax's treasury approach follows successful European precedents, particularly The Blockchain Group, which became Europe's first Bitcoin treasury company in November 2024. The Paris-listed firm achieved a 709.8% Bitcoin yield in just six months through strategic capital raising and Bitcoin accumulation, demonstrating the model's potential effectiveness in European markets.
Industry Implications for Corporate Finance
The Amsterdam exchange listing represents a significant expansion of Bitcoin treasury strategies beyond established US and Asian markets. PYMNTS reports that regulatory clarity from the Trump administration's proposed cryptocurrency frameworks is giving CFOs increased confidence in managing Bitcoin's financial reporting and compliance requirements.
Corporate Bitcoin adoption has reached unprecedented levels, with over 90 publicly traded companies now holding approximately 796,000 Bitcoin worth more than $84 billion total. This represents a fundamental shift in how corporate treasurers approach liquidity management and portfolio risk in an environment of persistent inflation averaging 4-5% across G7 economies since 2022.
The expansion into European markets through regulated exchanges like Euronext Amsterdam provides traditional investors with new avenues for Bitcoin exposure through publicly traded shares. Crypto.com research indicates that Bitcoin's fixed 21 million supply and transparent issuance schedule make it increasingly attractive as a hedge against currency debasement and duration risk.
However, critics remain cautious about volatility risks. Finance professors warn that Bitcoin represents "the most volatile asset class" for corporate treasuries, particularly given recent high-profile security breaches including the $1.5 billion Bybit hack in February 2025. Companies must balance potential inflation protection benefits against liquidity risks and accounting volatility from mark-to-market requirements.
The Dutch initiative comes as European Bitcoin treasury adoption accelerates, with The Blockchain Group recently announcing plans to raise $340 million for additional Bitcoin purchases. This growing institutional demand creates reduced available supply and increased price support, while providing legitimacy for Bitcoin as an institutional asset class among traditional financial institutions across the continent.
