Amdax Set To Launch MiCA-Compliant, Publicly Traded Bitcoin Treasury Company In The Netherlands

Amdax, a cryptocurrency service provider in the Netherlands, has announced plans to launch a publicly traded Bitcoin treasury company on the Dutch stock exchange, Euronext Amsterdam – one of the leading financial markets in Europe.

According to a Monday press release, the Amsterdam Bitcoin Treasury Strategy, or AMBTS, aims to hold at least 1% of the alpha cryptocurrency’s 21 million total supply in the long run. The company’s CEO, Lucas Wensing, believes this will unlock a “compelling investment opportunity for institutional investors.”

Amsterdam Bitcoin Treasury Strategy to Launch on Euronext Exchange, Aims to Hold 210,000 BTC Under Reserves

Amdax highlighted Bitcoin’s increasing appeal to investors amid persistent inflation, geopolitical instability, and improving regulatory clarity surrounding digital assets. This has resulted in a growing number of institutions and governments adding the ‘digital gold’ to their portfolios or strategic reserves. The report also urged the European Union to strengthen its autonomous digital asset industry to ensure participation in the “rapidly developing” market.

Amdax clarified that while it will act as a parent company to AMBTS, the DAT firm will operate as a stand-alone entity with a Bitcoin-focused corporate strategy, leveraging Amdax’s experience in the crypto services sector. The pair plans to raise capital from private investors in an initial funding round, and upon completion, will use the proceeds to kickstart its BTC accumulation program.

The initial financing is subject to regulatory conditions, with AMDTS already in advanced stages of its preparation to be listed on Euronext Amsterdam through an initial public offering (IPO). AMBTS has been registered as a private limited liability company with its own independent governance structure.

The long-term ambition of Amsterdam Bitcoin Treasury Strategy is to grow its business operations and own at least 1% of the entire supply, or 210,000 BTC over time, which is equivalent to $24.2 billion at current market rates.

Amdax is an Amsterdam-based digital asset service provider (DASP) that offers cryptocurrency custody, transfer, trading, staking, and asset management services to private, corporate, and institutional clients. In 2020, it became the first crypto firm in the Netherlands to register with the Dutch Central Bank (DCB), and since then, it has taken major steps in governance, risk control, and independent oversight of the sector.

Amdax was also among the first digital asset service providers to be granted the Markets in Crypto Assets Regulation (MiCA) license by the Dutch Authority for the Financial Markets (AFM), making it compliant with EU statutes.

Wensing called Bitcoin the “best performing major asset” over the past decade. He argued that while BTC is being adopted as digital capital at lightning speeds, it still makes up a relatively small portion of investment portfolios. The Amdax chief believes that with over 10% of the total supply currently held by corporations, governments, and institutions, it is the “right time” to establish a Bitcoin treasury company on one of Europe’s leading stock exchanges.

Also Read: Binance Enables Instant Crypto-to-Mastercard Withdrawals in Europe: Here’s How It Works

EV Maker Faraday Future Announces $1 Billion Crypto Treasury, Plans to Launch Crypto Market Index, ETF, and Tokenized Vehicle Sales

On the other side of the pond, struggling Nasdaq-listed electric vehicle startup Faraday Future announced plans to launch several crypto-focused products, including creating a crypto treasury, a crypto fund, and tokenized vehicle sales. The company’s co-creation officer, Ian Calderon, who is also a founding board member of the California Blockchain Working Group, believes that the next decade could be a “super long bull cycle” for the crypto market.

The EV maker will launch the C10 (Crypto 10) Index, a market-cap weighted basket fund that tracks the top 10 cryptocurrencies, excluding stablecoins. It will initially buy $30 million worth of leading digital assets, which it hopes could reach “tens of billions of dollars” in size, eventually expanding its holdings to between $500 million and $1 billion. Faraday is also exploring the creation of a crypto-backed exchange-traded fund (ETF).

The first phase of its crypto purchase is expected to start as soon as next week. Faraday Future’s digital asset treasury is designed to generate returns through staking yields, which the company believes can help finance research and development, potential stock buybacks, and further asset growth.

Faraday Future also plans to launch a product that ties crypto directly to its automotive business. The upcoming ‘EAI Vehicle Chain’ will support tokenized car sales and deposits in cryptocurrencies. EAI stands for “Embodied AI”, a node to artificial intelligence models integrated into real-world products, such as cars.

California State Treasurer Fiona Ma has approved the plan, stating that it has the potential to boost the Golden State’s economy, create high-quality jobs, attract top-tier investments, and advance sustainable development worldwide.

Faraday Future’s crypto pivot comes amid a transitional phase for the company after years of huge setbacks. The EV maker has halted construction of a $1 billion factory in Nevada due to diminishing sales, further delaying the production of its flagship vehicle, the FF91. The company has delivered just 16 cars since 2023, and recently shifted to selling rebadged Chinese-made electric vans.

Its stock, FFAI, has performed considerably well this year, gaining 75% over the past six months to bring its year-to-date gains to 14%, according to Google Finance data. FFAI closed Friday’s trading session at $2.77, down 7.6% for the day.

At the time of writing, Bitcoin (BTC) is trading at $115,105, down 2.73% in the last 24 hours.