Amdax don launch AMBTC BV to secure 1% BTC supply through Euronext IPO
Amdax, di first Dutch crypto company wey get MiCA license, don launch AMBTC BV, one independent Bitcoin treasury management company. Di Bitcoin treasury dey plan to hold 1% of di circulating Bitcoin supply (about 199,079 BTC). AMBTC BV dey work independently but e get support from Amdax, e dey find private funding and e plan to do IPO for Euronext Amsterdam. Di money from IPO plus private funding go be used to buy di first batch of Bitcoin. With current price (~$116,406 per BTC), to get 1% of Bitcoin na about $22.8 billion worth of BTC. This one put AMBTC BV among di biggest institutional Bitcoin treasuries for di world and di biggest for Europe. Dis Bitcoin treasury strategy dey show say supply fit tight and e mean demand go strong for regulated markets.
Bullish
Amdax create AMBTC BV to gather 1% of di Bitcoin wey dey circulate show say big companies trust am well-well and e reduce how much supply dey for market. E dey similar to how MicroStrategy and other big company dem dey buy plenty before, dis move dey increase demand and e show say regulated adoption dey. For short-term, news say dem go buy big fit make price jumo and make people believe say price go rise. For long-term, if one big regulated company hold billions in BTC, supply fit reduce and e fit help keep Bitcoin market price dey go up steadily.