Amdax has gathered €30 million ($35 million) and created AMBTS, a vehicle that will buy Bitcoin until it holds about 210,000 BTC, or one percent of all coins that will ever exist. The group also plans to list AMBTS on Euronext Amsterdam, combining large-scale institutional buying. With compliance with the EU’s MiCA rules, and a public scarcity message. Traders and fund managers track such moves because they alter coins available to borrow, hedge or deliver against futures and options.
Amdax copies the treasury playbook first used by MicroStrategy, now renamed Strategy, which owns more than 600,000 BTC. With a European emphasis on regulation. The €30 million is only the first cheque, as far larger sums are required to reach the 210,000-coin target. The firm will raise money in stages and will stay inside MiCA to reassure institutional investors who demand legal clarity.
Over two hundred public and private companies already hold more than one million BTC. Fidelity projects that as much as 8.3 million BTC could sit in cold storage by 2032. A smaller free float underpins bullish price models, including the $130,000 figure that as one consensus target. MiCA is the European Union’s Markets in Crypto-Assets regulation and sets licensing, disclosure and investor-protection rules for token service providers.
Market impact and risks for AMDAX
Institutional adoption could accelerate as a regulated buyer lowers the barrier for European pensions, insurers and corporates, creating steadier bid interest.
Liquidity as well as price may shift because every coin moved into treasury shrinks the tradable float; if buying persists, the bid-offer gap tightens and price rises, but the effect depends on cheques that have not yet been signed.
Risk and derivatives remain central since Bitcoin’s annualised volatility hovers near 79% and 20% drawdowns occur often; leveraged firms face margin calls that force liquidations and shift open interest across futures curves.
Reputation and regulation improve with a Dutch-regulated vehicle that reduces legal doubt and draws capital from investors who will not touch offshore structures.
The next checkpoint is the planned Euronext Amsterdam listing. Markets will watch how fast AMBTS secures follow-on funds and how quickly coins move into its custody; those two variables decide whether the shrinking supply story pushes price toward $130,000.
