Dutch cryptocurrency service provider Amdax plans to establish a listed company, AMBTS, with a long-term goal of purchasing 210,000 BTC.

Odaily Planet Daily reported that Dutch cryptocurrency service provider Amdax said it plans to launch a Bitcoin wealth company called AMBTS (Amsterdam Bitcoin Wealth Strategy) on the Netherlands Stock Exchange.

Lucas Wensing, CEO of Amdax, said, "With over 10% of the Bitcoin supply currently held by businesses, governments and institutions, we believe now is the time to establish a Bitcoin wealth management company and seek a listing on Euronext Amsterdam, one of Europe's leading exchanges."

Amdax and AMBTS plan to raise funds from a number of private investors in the first round of financing, and AMBTS's long-term goal is to hold at least 1% of the Bitcoin supply, or 210,000 coins, over time. (Sina Finance)