Emre Yumlu 
Corporate bitcoin adoption is steadily increasing in the crypto world. In Europe, companies are now following the footsteps of their U.S. counterparts, adding bitcoin as a treasury asset to their balance sheets. In this context, Dutch-based crypto service provider Amdax is preparing to take a significant step.
Amdax’s Euronext Amsterdam Move
Amdax plans to launch a Bitcoin treasury company to be listed on the Amsterdam-based Euronext exchange. For this purpose, the company is creating AMBTS B.V., a privately held firm with independent governance. The goal is highly ambitious: to hold 1% of the total bitcoin supply in circulation.
AMBTS plans to gradually raise capital from the markets to expand its bitcoin reserves and increase the bitcoin-per-share ratio for investors. At current prices, achieving this target would require more than $24 billion.
Amdax was the first crypto service provider to register with the Dutch Central Bank in 2020. On June 26, it also became one of the first Dutch companies to receive a MiCA license from the Dutch Authority for the Financial Markets (AFM).
Corporate Bitcoin Adoption in Europe
According to Amdax CEO Lucas Wensing, bitcoin still holds a relatively small share in corporate balance sheets, but the time is now right. Currently, more than 10% of the total bitcoin supply is already held by companies, governments, and institutions.
In Europe, at least 15 companies have publicly disclosed that they hold bitcoin. These include Germany-based Bitcoin Group (3,605 BTC), the UK’s Smarter Web Company (2,395 BTC), France’s The Blockchain Group (1,653 BTC), and the UK’s Satsuma Technology (1,126 BTC).
Other companies holding smaller amounts of bitcoin include Sweden’s H100 Group, Samara Asset Group, CoinShares, Aker ASA, and K33.
Bitcoin Performance and Asia’s Growth
Over the past decade, bitcoin has outperformed all major asset classes, with a gain of 26,900%. In comparison, the S&P 500 rose 193%, gold gained 125%, and crude oil just 4.3%. This clearly shows why institutional interest in bitcoin continues to grow.
In Asia, corporate bitcoin investments are also rising. Japan-based Metaplanet recently purchased an additional 775 BTC, pushing its total holdings to over 18,888 BTC. Following these acquisitions, the company’s stock price has surged nearly 190% year-to-date.
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