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- 🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
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Amdax will launch a Bitcoin treasury company and plans to go public, aiming to hold 1% of the total BTC supply.
[Chain News] On August 18, it was reported that Amdax, a cryptocurrency service provider based in Amsterdam, announced plans to launch a Bitcoin treasury company named AMBTS (Amsterdam Bitcoin Treasury Strategy) and list it on the Euronext exchange in the Netherlands. Amdax CEO Lucas Wensing stated that currently, more than 10% of the Bitcoin supply is held by enterprises, governments, and institutions, and the time is right to promote the strategic reserve of Bitcoin through this company. Bitcoin has risen 32% so far this year, reaching an all-time high, thanks to positive developments in industry regulation and support from U.S. President Trump. AMBTS plans to raise capital through private financing, with a long-term goal of holding at least 1% of the total Bitcoin supply.