Markets
Share this article

AMBTS Raises $23.2M to Build Bitcoin Treasury, Targets 1% of BTC in Circulation

The Amdax-backed initiative sets sights on Euronext listing; The founder of bitcoin miner Hut 8 is among the investors.

By James Van Straten, AI Boost|Edited by Stephen Alpher
Aug 29, 2025, 1:12 p.m.
Windmills in Amsterdam. Credit: Shutterstock

What to know:

  • AMBTS has already secured $23.2 million in investor commitments, surpassing its minimum fundraising target, with the final round capped at $34.8 million by September 2025.
  • Funds will be used to launch AMBTS’s dedicated bitcoin accumulation strategy, supporting its ambition to list on Euronext Amsterdam.

Amsterdam Bitcoin Treasury Strategy (AMBTS), established by Dutch crypto-asset service provider Amdax, has raised €20 million ($23.2 million) in its initial financing round. The funding, secured through private placements, will seed the company’s bitcoin accumulation strategy. The round, capped at €30 million ($34.8 million), is expected to close in September 2025.

The proceeds will support AMBTS’s plan to establish one of the first independent bitcoin treasury companies in Europe, with a listing on Euronext Amsterdam. Over the long term, AMBTS aims to grow its holdings to at least 1% of all bitcoin in circulation.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy.

Marc van der Chijs, founder of bitcoin miner Hut 8, is among the early backers.

Bitcoin Treasury Reserve Asset
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

More For You

Bitcoin pops then drops as Supreme Court strikes down Trump tariffs

By Krisztian Sandor, Helene Braun|Edited by Stephen Alpher
5 hours ago
Donald Trump points at the audience during a press conference at the White House.

As has been typical in crypto markets of late, even the most modest move higher was met with immediate selling.

What to know:

  • The U.S. Supreme Court struck down President Trump's tariffs.
  • The news quickly sent bitcoin higher by about 2% to above $68,000, but the gains proved fleeting, with BTC quickly returning to the $67,000 level.
  • Earlier Friday, U.S. economic data showed slower than expected economic growth alongside higher than hoped inflation.
Read full story