Dutch Firm Amdax Raises $35M For Bitcoin Treasury, Plans to Acquire 1% of Supply — Is $130K BTC Next?
Dutch crypto agency Amdax has secured 30 million euros ($35M) in its newest funding spherical to launch a devoted Bitcoin treasury firm, Amsterdam Bitcoin Treasury Strategy (AMBTS), with plans to accumulate 1% of the full BTC provide.
According to a Reuters report dated October 7, the AMBTS staff is now ready to start buying Bitcoin for its treasury.
CEO and AMBTS co-founder Lucas Wensing described the completion of the funding spherical as a vital milestone within the firm’s Bitcoin accumulation mission.
Amdax Targets 210,000 BTC to Become Europe’s Bitcoin Treasury Giant
“We now advance with our bitcoin technique, providing buyers clear entry to this distinct asset class,” Wensing acknowledged.
Back in August, Cryptonews reported that Amdax had obtained €20 million ($23 million) in early funding for AMBTS and introduced plans to shut its non-public funding spherical at €30 million ($35 million) earlier than in search of a public itemizing on Euronext Amsterdam.
This goal has now been reached, with bitcoin purchases set to start.
The firm intends to use capital markets to enhance Bitcoin per share whereas working towards its 210,000 BTC goal, valued at roughly $26 billion at right now’s costs.
CEO Lucas Wensing argues that Europe requires its personal Bitcoin treasury chief to match the company adoption charges seen within the U.S. and Asia, the place institutional holdings have grown considerably.
This follows the current MiCAR license approval that Amdex obtained to meet the brand new European laws for crypto markets.
𝐀𝐦𝐝𝐚𝐱 𝐛𝐞𝐡𝐚𝐚𝐥𝐭 𝐌𝐢𝐂𝐀𝐑-𝐥𝐢𝐜𝐞𝐧𝐭𝐢𝐞
Met trots maken we bekend dat Amdax de MiCAR-vergunning heeft ontvangen. Met deze vergunning voldoen wij aan de nieuwe Europese wetgeving voor cryptomarkten.
𝐀𝐦𝐝𝐚𝐱 𝐂𝐄𝐎 @LucasWensing :
“Deze vergunning is een… pic.twitter.com/qtninJRSCw
— Amdax (@AmdaxNL) June 27, 2025
Amdax now joins the increasing roster of main corporations including BTC to their company reserves.
Another Dutch agency pursuing a BTC treasury is Treasury B.V., which has backing from the Winklevoss twins.
Unlike AMBTS, Treasury has already began operations with a balance of 1,000 BTC.
AMBTS Bitcoin treasury ambitions comply with Strategy (formerly MicroStrategy), the U.S.-based software program firm that has turn into practically synonymous with company Bitcoin adoption.
Corporate Bitcoin Treasuries Surge Past 1M BTC Across 200 Firms
According to BitcoinTreasuries.net, MicroStrategy at the moment holds 640,031 BTC, making it the biggest public holder by a large margin.
In complete, public corporations now management roughly 1,040,961 BTC throughout 200 companies, a determine that has risen by practically 4.89% up to now month alone.
Other company holders embody Marathon Holdings with over 52,000 BTC, the United States’ Twenty One Company with 43,514 BTC, and Japan’s Metaplanet with practically 31,000 BTC.
Combined, entities starting from companies to governments now maintain about 3.74 million BTC globally, valued at $463.8 billion.
Meanwhile, US Senator Cynthia Lummis (R-WY) has suggested that the United States might additionally start buying Bitcoin as funds to set up a US strategic Bitcoin reserve (SBR) could materialize at any time.
The crypto market confirmed indicators of power firstly of the week, with Bitcoin climbing to a new record high above $126,000 on Monday, extending positive factors as buyers sought refuge from political and financial uncertainty.
The world’s largest digital asset reached as high as $126,080 after crossing the $125,000 mark for the primary time on Sunday.
It has now stabilized at $124,209, nonetheless up 0.45% and on observe for a second consecutive session of positive factors.
Ryan Lee, chief analyst at Bitget, said Bitcoin might keep its upward trajectory within the close to time period.
He famous buyers could witness a take a look at of $130,000 if ETF momentum continues to speed up.
Elliott Wave Fifth Wave Bull Indicator Points to $134K
Examining the Bitcoin chart reveals an Elliott Wave sample with a possible fifth wave growth.
The value lately pushed above a serious resistance zone round $121,000 and is at the moment buying and selling at roughly $124,188, displaying sturdy upward momentum.
The chart presents a transparent consolidation section all through July and August, the place the value maintained an oblong vary between roughly $113,000 and $121,000.
After dipping in mid-August to retest help round $105,000 (marked as wave iv), Bitcoin has mounted a formidable restoration rally by way of September and October, reclaiming earlier resistance ranges.
The major technical statement is that value has now firmly damaged above the $121,000 resistance stage, which beforehand served as a barrier a number of occasions.
This breakout signifies continuation potential, because the wave 5 annotation suggests.
Based on the sample, if wave 5 is creating, the subsequent main resistance to monitor could be the zone marked round $134,000-$136,000.
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