AdvertisementAdvertisementBusiness07 Oct 2025 01:57PM (Updated: 07 Oct 2025 02:00PM) Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInRead a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST BRUSSELS :Dutch cryptocurrency company Amdax, which plans to launch a bitcoin treasury company called AMBTS on the Dutch exchange, has raised 30 million euros ($35 million) in financing, it said on Tuesday, highlighting the persistent appeal of Bitcoin.Amdax said the closing of its initial financing round for AMBTS meant it was ready to start its programme of buying Bitcoin, which has hit record highs this month, breaching through the $125,000 price level."The closing of this round is an important milestone," said CEO and AMBTS co-founder Lucas Wensing. "We now move forward with our bitcoin strategy, aiming to offer investors transparent access to this unique asset class," he added in a statement.Amdax will join a host of companies buying bitcoin for their treasury reserves, such as Dutch-based firm Treasury, backed by the U.S. billionaire Winklevoss twins, Strive, which is backed by former Republican U.S. presidential candidate Vivek Ramaswamy, and Michael Saylor's company Strategy.($1=0.8554 euros)Source: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST