Herford, December 12, 2022 - Bitcoin Group SE (ISIN DE000A1TNV91) has signed an agreement with the owner of Bankhaus von der Heydt, Dietrich von Boetticher, to acquire 100% of the shares. The final closing of the transaction is still subject to approval by the German Federal Financial Supervisory Authority (BaFin) and is expected for the third quarter of 2023. The purchase price consists of a cash payment in the amount of EUR 14 million, possibly modified depending on developments in the equity of the target company, and 150,000 shares from a capital increase against contributions in kind of Bitcoin Group SE.
Bankhaus von der Heydt holds a full banking license and is one of the leading providers in Germany offering custody and tokenization of digital assets.
Herford, 20 October 2022 - With reference to rumours in the market, Bitcoin Group SE (ISIN DE000A1TNV91) announces that it is in takeover negotiations with several potential targets. The targets are deposit-taking/credit institutions from the German region. Among the targets is Bankhaus von der Heydt, Munich.
Currently, all potential acquisition activities are in an ongoing review process, where various legal, regulatory and financial issues still need to be assessed.
Herford, September 14, 2022 - Bitcoin Group SE (ISIN DE000A1TNV91) has closed the first half of 2022 with revenues of EUR 5.6 million, according to preliminary figures. In the first half of 2021, revenues amounted to EUR 17.7 million. Earnings before interest, taxes, depreciation and amortization (EBITDA) decreased to EUR 2.7 million, compared to EUR 14.4 million in the same period of the previous year. The decline in revenues and earnings was mainly due to lower demand for cryptocurrencies and related transaction revenues on the Bitcoin.de trading platform operated by the subsidiary futurum bank AG.
As a result of the decline in the price of the held crypto assets, a corresponding write-down has also been made on the purchase prices of the Company's own holdings in accordance with the lowest value principle.
Taking into account the worsening market conditions, Bitcoin Group SE had to adjust its ambitious targets for fiscal year 2022, which foresaw a slight decline in revenues and EBITDA in the upper single-digit million range. The Company now assumes a strong decline in revenues. EBITDA is expected to be in the lower single-digit million range.
Herford, 16 May 2022 – The Management Board and the Supervisory Board of Bitcoin Group SE (ISIN DE000A1TNV91) have decided in their Supervisory Board Meeting today to propose to the Annual General Meeting, which will take place on 1 July 2022, the payment of a dividend for the financial year 2021 of EUR 0.10 per no-par value share entitled to dividend. This corresponds to a total distribution of EUR 0.5 million.
Bitcoin Group SE's Annual Report 2021 is expected to be published tomorrow, Tuesday.
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