Herford, December 01, 2020 – Bitcoin Group SE (ISIN DE000A1TNV91) is showing a strong dynamic at all levels. The growing popularity of Bitcoin and other cryptocurrencies as a means of payment as well as the massively growing interest of professional investors in crypto assets is positive in two ways.
The dynamic development of the Bitcoin, which has reached a new all-time high, accelerates the customer growth on the Bitcoin.de cryptocurrency trading platform operated by futurum bank AG. At the beginning of November, the annual target for the customer base was reached ahead of schedule with 900,000 customers. In addition, the near quadrupling of the Bitcoin price since March of this year is also reflected in the balance sheet. The own stock of cryptocurrencies has exceeded the EUR 60 million mark. Around EUR 53 million of this is accounted for by Bitcoin, the rest by other popular cryptocurrencies. By way of comparison, Bitcoin Group SE reported EUR 27.5 million in the balance sheet as of December 31, 2019.
“Although our core business as a crypto bank is largely independent of the performance of cryptocurrencies, our shareholders participate in the success of Bitcoin and Co. through our own stock of crypto assets. The value of our assets has more than doubled since the beginning of the year. This is an extremely pleasant side effect, which we believe is sustainable. Especially among institutional investors, cryptocurrencies are becoming an integral part of asset allocation. The success story of cryptocurrencies is only just beginning, and we are right in the middle of it,” says Marco Bodewein, Managing Director of Bitcoin Group SE.
About Bitcoin Group SE:
Bitcoin Group SE is a holding company focusing on innovative and disruptive business models and technologies in the areas of Cryptocurrency and Blockchain. Bitcoin Group SE holds 100% of the shares in futurum bank AG, which operates Germany’s only regulated marketplace for the digital currency Bitcoin, Bitcoin Cash, Bitcoin Gold and Ethereum under Bitcoin.de and 50% of the shares in Sineus Financial Services GmbH, a financial services provider supervised by BaFin.
Bitcoin Group SE is listed on the Primary Market of Dusseldorf Stock Exchange and on all other German stock exchanges (ticker symbol: ADE, ISIN: DE000A1TNV91, GSIN: A1TNV9). More information on Bitcoin Group SE can be found bitcoingroup.com.
Bitcoin.deBitcoin.de is a licensed Bitcoin marketplace in Germany and Europe’s largest Bitcoin marketplace with more than 900,000 customers. After more than 9 years of operation, Bitcoin.de has the reputation of being one of the most secure Bitcoin marketplaces in the world. Since users do not transfer euros to a trust account but pay conveniently from their bank account, the euros used for trading are even deposit-backed. The cryptocurrencies managed by Bitcoin.de, on the other hand, are held 98% in secure cold wallets. Bitcoin.de is the first and only Bitcoin trading platform worldwide to have its customer credit balances audited once a year by a publicly appointed German auditing company (last audit as of October 08, 2019). The unique integration with a bank account of the Fidor Bank via express trading allows trading to be carried out as quickly as on a stock exchange. In addition to Bitcoin, on Bitcoin.de Ether (ETH), Bitcoin Cash (BCH), Bitcoin Gold (BTG), Litecoin (LTC) and Bitcoin Satoshi Vision (BSV) can be traded against Euro.
Bitcoin Group SE
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