The Dutch cryptocurrency service provider AMDAX raised 20 million euros ($ 23.3 million) to launch a Bitcoin treasury company in the Amsterdam Euronext Stock Exchange.
According to a Friday advertisementMultiple investors have committed around $ 23.3 million in an initial financing round for Bitcoin Treasury (BTC) of AMDAX. This follows an announcement earlier this month that it would launch the treasure as an independent and private company with its own government, Ambts.
Ambts is being created to eventually accumulate at least 1% of all bitcoin that will be created, or around 210,000 BTC. Such amount of Bitcoin has a value of more than $ 23 billion.
“Ambts intends to take advantage of capital markets to increase their Bitcoin holdings and sequentially generate capital appreciation and grow Bitcoin by action for their shareholders, subject to the market and other conditions,” the announcement said.
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The emergence of corporate bitcoin bonds
Since the strategy, then still microstrategia, demonstrated the viability of this approach, Bitcoin’s treasure tactics has gained impulse among the companies that are quoted in the stock market.
This trend has also led to multiple companies not focused solely on the accumulation of Bitcoin that begin to acquire it. These companies include the US electric vehicle manufacturer. UU. Tesla, the US Thermal and Safety Safety Firm Jasmine, the United States coal producer Alliance and the Canadian video platform of the varied platform.
Companies focused on acquiring Bitcoin, meanwhile, have continued to accumulate more. This also decreases the amount of bitcoin in circulation.
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Bitcoin accumulation continues
Earlier this week, the Japanese Bitcoin Treasury Metaplenet approved a plan to raise around $ 880 million through an issue of actions abroad, with almost $ 835 million assigned for Bitcoin purchases. Also this week, the French semiconductor company Sequans Communications requested a capital offer in the market of $ 200 million on Monday to feed its Bitcoin Treasury strategy.
Earlier this month, Michael Saylor, co -founder of the first Bitcoin Treasury Company strategy in the world, said an imminent acquisition of Bitcoin that would constitute the third of the company in August. Currently, the strategy is the world’s largest Bitcoin Treasury, which has 632,457 BTC worth more than $ 69.5 billion at the time of writing, equivalent to more than 3% of all Bitcoin that will be extracted.
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