Amsterdam-based cryptocurrency service provider Amdax said Monday it will establish a bitcoin treasury vehicle, Amsterdam Bitcoin Treasury Strategy (AMBTS), and seek a listing on Euronext Amsterdam. AMBTS plans to raise capital from private investors and ultimately acquire at least 1% of Bitcoin’s fixed 21 million-coin supply—about 210,000 BTC, valued at roughly $24 billion at the current market price of $115,800. Chief Executive Lucas Wensing said more than 10% of outstanding bitcoin is already held by corporations, governments and institutions, adding that market conditions now support a publicly traded company devoted solely to the asset. Bitcoin has gained about 32% so far in 2025, reaching record highs amid clearer regulation and open support from President Donald Trump. If approved, AMBTS would rank among the largest single-asset bitcoin vehicles in Europe, underscoring growing institutional demand for the cryptocurrency.