The short-term slump of BTC has not stopped the trend of building treasuries. This time, Dutch company Amdax set out plans to acquire 210K BTC, or 1% of the total supply. The Dutch company Amdax is extending the trend of European corporations acquiring BTC. This time, Amdax has the ambitious plan of acquiring 1% of the BTC supply, or 210K coins. Amdax is already one of the leading Dutch crypto providers, with a focus on user-oriented products and compliance with EU regulations. Amdax is one of the regulated Dutch crypto exchanges, offering custody, transfers, trading, staking, and other types of asset management. As of June 2026, the exchange also holds a MiCAR license for operations within the EU. Amdax to spin up a special AMBTC entity for holding BTC The BTC acquisitions are a long-term goal for the firm, with no immediate purchases announced. Amdax will first create a special entity, AMBTC (Amsterdam Bitcoin Treasury Strategy), which will be listed on the Dutch stock exchange. “ While Bitcoin has been the best performing major asset in the past 10 years with fast adoption as digital capital, it is still relatively small in investment portfolios. With now over 10% of Bitcoin supply held by corporations, governments and institutions, we think the time is right to establish a Bitcoin treasury company with the aim to obtain a listing on Euronext Amsterdam, as one of the leading exchanges in Europe. This will provide institutional investors with new financial instruments to get exposure to the performance of Bitcoin,” said Lucas Wensing , CEO of Amdax. Amdax will be the main initiator of AMBTC, but the new company will operate as an independent entity and a focused corporate treasury strategy. AMBTC will have direct access to Amdax services and assistance, while maintaining its own operations as a private limited liability company. AMBTC will raise capital from private investor rounds, starting with an initial seed round. After the funding is secured, the proceeds will be used immediately for a BTC accumulation strategy. The success of the funding is subject to documentation requirements and closing conditions. As of August 18, AMBTC announced it is in advanced stages of preparation for its eventual Euronext Amsterdam listing through an IPO. After the initial stages of funding, AMBTC will continue with a series of purchases, depending on market conditions. The approach resembles that of other treasury companies, which buy BTC sporadically depending on funding conditions and the BTC market. BTC treasury companies slow down purchases BTC treasuries now hold 3.67M BTC, with 976,921K held by public companies. In the past weeks, treasury purchases slowed down somewhat, as small-scale entities stopped expanding their treasuries. Currently, 40 BTC is the cut-off level for the top 100 treasuries, though the bulk of holdings are heavily skewed to the top companies, Strategy and Metaplanet. Even the latest Strategy and Metaplanet buying was relatively smaller compared to previous weeks. As Cryptopolitan reported , Metaplanet for now retains its bullish outlook, with an average price of $102,000 per BTC, achieving gains even after the latest BTC drawdown to the $115,000 range. Get up to $30,050 in trading rewards when you join Bybit today
