Dutch exchange AMDAX plans to stockpile 210,000 BTC.

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Dutch cryptocurrency service provider AMDAX announced the establishment of a separate entity, AMBTS BV, for Bitcoin reserves. AMBTS BV aims to accumulate approximately 210,000 BTC, which is 1% of the Bitcoin supply. AMDAX stated that it will soon begin fundraising for AMBTS BV and plans to list the company on Euronext Amsterdam through an initial public offering (IPO) in the future. Previously, AMDAX was the first cryptocurrency service provider to register with the Dutch Central Bank (DNB) in 2020.

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