The Dutch cryptocurrency service provider AMDAX raised 20 million euros ($ 23.3 million) to launch a Bitcoin treasury company in the Amsterdam Euronext Stock Exchange.
According to a Friday ad, multiple investors have committed around $ 23.3 million in an initial round of finance for the Bitcoin Treasury (BTC) of AMDAX. This follows an announcement before, would launch the treasure as an independent and private heroes company with its own government, an official.
The official is created to accumulate at least at least 1% of all bitcoin that will be created, or around 210,000 BTC. Such amount of Bitcoin has a value of more than $ 23 billion.
“The offices are intended to take advantage of capital markets to increase their Bitcoin holdings and sequentially generate capital appreciation and grow Bitcoin by action for shareholders of their years, subject to the market and other conditions,” the announcement said.
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The emergence of corporate bitcoin bonds
Since the strategy, then still microstrategia, demonstrated the viability of this approach, Bitcoin’s treasure tactics has been gaining impulse among companies that are quoted in the stock market.
This trend has also led to multiple companies not focused solely on the accumulation of Bitcoin that begin to acquire it. These companies include the US electric vehicle manufacturer. UU. Tesla, the US Thermal and Battery Safety firm. UU. Kulr Technology, the Norwegian industrial investment firm Aker, Brazil Fintech Méliuz, Latin America Samamer Mercadolibe Jasmine, American coal producer Alliance and Canadian Video Exchange Platform.
Companies focused on acquiring Bitcoin, meanwhile, have continued to accumulate more. This also decreases the amount of bitcoin in circulation.
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Bitcoin accumulation continues
Earlier this week, the Japanese Bitcoin Treasury Metaplenet approved a plan to raise around $ 880 million through an issue of actions abroad, with almost $ 835 million assigned for Bitcoin purchases. Also this week, the French semiconductor company Sequans Communications requested a capital offer in the market of $ 200 million on Monday to feed its Bitcoin Treasury strategy.
Earlier this month, Michael Saylor, co -founder of the first Bitcoin Treasury Company strategy in the world, said an imminent acquisition of Bitcoin that would constitute the third of the company in August. Currently, the strategy is the world’s largest Bitcoin treasure, which has 632,457 BTC worth more than $ 69.5 billion at the time of writing, equivalent to approximately 3% of all bitcoin that will be extracted.
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