The Netherlands' Amdax subsidiary AMBTS has raised 30 million euros, intended for the purchase of Bitcoin

Dutch cryptocurrency company Amdax announced on Tuesday that it plans to launch a Bitcoin reserve company named AMBTS on the Dutch exchange, having raised 30 million euros (approximately 35 million dollars) in funding.

Amdax stated that the completion of the first round of financing for AMBTS means the company is ready to initiate its Bitcoin purchasing program.