Amsterdam-based cryptocurrency firm Amdax is set to launch a Bitcoin treasury company on the Dutch stock exchange, according to a recent report by Reuters.
The company, which has been dubbed AMBTS (Amsterdam Bitcoin Treasury Strategy), will join the growing list of European companies that offer exposure to the largest cryptocurrency.
Biggest European corporate BTC holders
Bitcoin Group SE, a German company, is currently the largest Bitcoin holder with 3,605 coins that are currently worth $416 million.
Sequans Communications (SQNS), a French company that specializes in developing modules and integrated circuits for IoT devices, is currently the second-largest European Bitcoin holder with a total of 3,170 ($364 million) worth of BTC. Sequans Communications is in 23rd place.
Notably, France also occupies second place with The Blockchain Group and its 2,201 Bitcoins that are currently worth $254 million.
Amdax CEO Lucas Wensing has noted that roughly 10% of Bitcoin's entire supply is now held by corporations.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team