Corporate News

Herford, November 03, 2021 – Bitcoin Group SE (ISIN DE000A1TNV91) receives an analyst vote. Today, the research house GBC AG published its initial study with a price target of EUR 120.00 and a buy recommendation for the share. From now on, GBC analysts Matthias Greiffenberger and Felix Haugg will cover the further development of Bitcoin Group SE with continuous assessments.

In their study, the two analysts highlight in particular the dynamic development of the cryptocurrency trading venue Bitcoin.de: "The trading venue is highly profitable and recording dynamic growth." They further comment: "With a market capitalization of EUR 250.00 million and an enterprise value of EUR 49.80 million (market capitalization minus crypto & cash holdings), we currently see the company as strongly undervalued."

In the analysts' view, the local German regulation is particularly advantageous. Due to the German company headquarters and the BaFin regulation with a bank license, more regulatory security can be guaranteed. Thus, according to the research team, alternative trading venues with lower fees or higher liquidity should not automatically pose a threat to Bitcoin.de.

The comprehensive research increases the transparency regarding the business model of Bitcoin Group SE as well as the attractiveness of the share.

The full GBC study is available for download at bitcoingroup.com.

Herford, September 28, 2021 – Bitcoin Group SE (ISIN DE000A1TNV91) has today published its report on the first half of 2021. The company, which operates the cryptocurrency trading platform Bitcoin.de through its wholly owned subsidiary futurum bank AG, continues to report dynamic growth and looks back on an extraordinarily successful first half of 2021.

Bitcoin Group SE generated revenue of EUR 17.7 million (IFRS) compared to EUR 6.2 million in the same period of the previous year. Earnings before interest, tax, depreciation and amortization (EBITDA) more than tripled to EUR 14.4 million compared to EUR 4.2 million in the same period of the previous year. This is equivalent to earnings per share of EUR 2.03, reflecting 190% growth compared to the first half of 2020 (EUR 0.70 per share). This dynamic growth is accompanied by a significant increase in trading turnover on the Bitcoin.de cryptocurrency trading platform and, as a consequence, a marked expansion of commission income. Cash and cash equivalents also expanded in line with this performance, and amounted to EUR 17.6 million as of the end of the reporting period, up 46.7% compared to December 31, 2020 (EUR 12.0 million). This solid capitalization continues to enable Bitcoin Group SE to pursue its growth strategy in a targeted and flexible manner.

This growth strategy approach also includes the continuous expansion of the range of cryptocurrencies offered on Bitcoin.com. In addition to Ripple, the highly regarded currency Dogecoin was also added in the first half of 2021. As a consequence, a total of eight major cryptocurrencies can be traded in exchange for euros. Bitcoin.de has been expanded further by the newly launched trading platform, where customers can now utilize futurum bank AG as a direct trading partner. futurum bank AG provides binding buy and sell rates with an attractive spread for Bitcoin.de customers. Innovative enhancements to the offering and usability of the trading platform, combined with rising cryptocurrency prices, ensured that the target of one million customers was reached ahead of schedule. Bitcoin.com had already exceeded this target by the end of June 2021.

Performance in the first half of 2021 was highly dynamic. Cryptocurrencies are continuing to encounter strong demand from both private and institutional investors. Given this positive environment, the management is confirming its guidance for the full 2021 financial year. This guidance envisages a moderate to strong increase both in revenue and in earnings before interest, tax, depreciation and amortization (EBITDA) in the lower to mid double-digit range in millions of euros.

“The dynamic growth of our company in the first half of 2021 represents a great achievement. We seamlessly continued the previous year’s strong performance, and already exceeded our full year 2020 results by mid-2021. Considering that we have a comparatively small team of 27 employees, what we have achieved cannot be overestimated. Together we are working on the continuous expansion of our trading platform, and are firmly convinced that Bitcoin.com offers our customers clear added value for trustworthy and secure cryptocurrency trading. The foundation for further sustainable growth has been laid. This makes us confident about further growth and our ability to achieve our targets in the 2021 financial year,” comments Marco Bodewein, CEO of Bitcoin Group SE.

Herford, 02 September 2021 – Bitcoin Group SE (ISIN DE000A1TNV91) continues to benefit from the high interest in cryptocurrencies. Compared to the company's update in February 2021, the price of essential coins has been rising further.

As a result, the own stock of cryptocurrencies held by futurum bank AG, a wholly owned subsidiary of Bitcoin Group SE, stands at EUR 182.8 million as of 30 August 2021. In February 2021, the volume was EUR 170 million. In terms of the specific stock of currencies, Ethereum (ETH) with 10,232 units and Bitcoin (BTC) with 3,673 units make up the largest positions in the portfolio.

In addition, cash and cash equivalents within the group amount to approximately EUR 15.0 million. Overall, the total of own stock and cash and cash equivalents equals EUR 197.8 million and thus exceeds the current EUR 184.8 million market capitalization of Bitcoin Group SE.

Following a phase of weakness in Bitcoin during the summer months of 2021, the price of the cryptocurrency has been rising dynamically again since mid-July. Currently, Bitcoin is trading slightly above the EUR 40,000 mark. A similar development is posted by Ethereum, which is currently quoted at around EUR 3,000.

“With our present update on our stocks, we want to provide transparent insight into our Company and at the same time contribute to the further acceptance of cryptocurrencies. We are of course pleased by the rising prices and reinforce our view that cryptocurrencies are the future. In an environment of rising uncertainty in the markets and higher inflation, Bitcoin, Ethereum and other coins are gaining in importance – especially when it comes to investing. Given the inherent protection against inflation, they should therefore be part of the allocation in every balanced portfolio,” says Marco Bodewein, CEO 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, Ethereum, Litecoin, Dogecoin, Bitcoin Satoshi Vision and Ripple 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 and XETRA (ticker symbol: ADE, ISIN: DE000A1TNV91, GSIN: A1TNV9). More information on Bitcoin Group SE can be found at bitcoingroup.com.

About Bitcoin.de:

Bitcoin.de is a marketplace for crypto assets licensed in Germany and, with more than 1,000,000 customers, is also one of Europe's largest crypto marketplaces. After almost 10 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 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 November 16, 2020). 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), Bitcoin Satoshi Vision (BSV), Dogecoin (DOGE) and Ripple (XRP) can be traded against euro.

Herford, 19 July 2021 – The shareholders of Bitcoin Group SE (ISIN DE000A1TNV91) approved all items on the agenda at the Annual General Meeting last Friday. Thus, the shareholders of Bitcoin Group SE present followed the recommendation of the management to discharge the members of the Board of Directors as well as the executive directors for the financial year 2020. In addition, the shareholders gave their 100 percent approval to the resolution to change from a monistic to a dualistic management system and to a related amendment of the Articles of Association.

The change in the management system necessitated the election of new Supervisory Board members. The persons proposed by the control committee - namely Martin Rubensdörffer (Chairman), Prof. Dr. Rainer Hofmann, Dr. rer. pol. Markus Pertlwieser, and Alexander Müller - were elected as members of the Supervisory Board by the Annual General Meeting.

In compliance with the required hygiene and health standards, the event could take place as a presence event in Herford. 39.19% of the share capital was represented. "We are particularly pleased that we were able to welcome our shareholders in person and on site. With the resolutions passed, we have set an important course for our continued success. The trust of our shareholders, which was expressed in high approval rates, gives us additional motivation for the tasks ahead of us," says the Managing Director of Bitcoin Group SE, Marco Bodewein.

The voting results are available on the website of Bitcoin Group SE at bitcoingroup.com in the Annual General Meeting section.

Herford, June 14, 2021 – Bitcoin Group SE (ISIN DE000A1TNV91) today presented its annual report for the 2020 financial year. Bitcoin Group SE generated revenues of EUR 15.0 million in the 2020 financial year, compared to EUR 6.3 million in 2019. The dynamic increase is primarily based on a strong increase in trading revenues on the cryptocurrency platform Bitcoin.de and, as a result, a significant expansion of commission revenues. Earnings before interest, taxes, depreciation and amortisation (EBITDA) quadrupled to EUR 10.5 million compared to EUR 2.6 million in the previous year. This results in earnings per share of EUR 1.90 on a net level, which corresponds to an increase of 342% compared to the previous year (EUR 0.43 per share). The financial situation has improved significantly as a result of the strong growth in operations. Cash and cash equivalents as of 31 December 2020 rose sharply by EUR 7.3 million to EUR 12.0 million compared to the previous year. This puts the Bitcoin Group in the comfortable position of being able to operate without bank and capital market financing. Bitcoin Group SE's strong growth was accompanied by a massive increase in demand for cryptocurrencies in the financial year 2020. Given the turmoil in the financial markets triggered by the Corona pandemic and the multi-billion support programs in the context of historically low interest rates, the demand for crypto-assets has increased significantly among both private and institutional investors. Cryptocurrencies, and in particular bitcoin, have established themselves as an alternative asset class for wealth accumulation and in asset management, and are considered a safe-haven investment as an alternative to gold. As an example, the price of the cryptocurrency Bitcoin rose from EUR 6,006.60 in January 2020 to EUR 24,052.55 at the end of December 2020 and continued to soar beyond the reporting period. In this environment, the cryptocurrency trading platform Bitcoin.de operated by the subsidiary futurum bank AG enjoyed great popularity, which is reflected in a growing number of new customers. In the reporting year, 79,000 new investors chose Bitcoin.de as their cryptocurrency trading venue of choice, so that Bitcoin.de had around 919,000 registered customers at the end of the year. The forecast of 900,000 customers was thus exceeded. Bitcoin.de now has more than 975,000 customers. In parallel, Bitcoin Group SE's cryptocurrency holdings reached a new record level in the 2020 financial year. The value of the digital assets held in the company's own portfolio increased by 228.3% to around EUR 90.3 million compared to the level as at 31 December 2019. Bitcoin Group SE has made a successful start to the 2021 financial year and, despite the mitigated but still present uncertainties due to the infection events, is looking positively to the full year 2021. The Group expects moderate to strong growth in revenues in the current year. Earnings before interest, taxes, depreciation and amortisation (EBITDA) are expected to be in the low to mid double-digit million range. "We are very satisfied with the development in the past business year, but we are only at the beginning. We have created the structures and continuously developed our technologies and platform during 2020. These are the best prerequisites for continuing to profit from the dynamic spread of cryptocurrencies," says the Managing Director of Bitcoin Group SE, Marco Bodewein. The English version of the annual report report 2020 will be available by the end of June 2021. The German version of the annual report 2020 can be downloaded as a PDF document from bitcoingroup.com in the Publications section. 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, Ethereum, Litecoin and Ripple 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 and XETRA (ticker symbol: ADE, ISIN: DE000A1TNV91, GSIN: A1TNV9). More information on Bitcoin Group SE can be found at bitcoingroup.com. About Bitcoin.de: Bitcoin.de is a licensed Bitcoin marketplace in Germany and one of Europe's largest Bitcoin marketplaces with more than 975,000 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 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 November 16, 2020). 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), Bitcoin Satoshi Vision (BSV) and Ripple (XRP) can be traded against Euro.

Herford, May 10, 2021 - Bitcoin Group SE (ISIN DE000A1TNV91), is consistently implementing its growth strategy and professionalizing its structures. To this end, the Board of Directors has appointed Per Hlawatschek to the Management Board with effect from May 1, 2021. From this time on, he will assume the function of Chief Information Officer (CIO). Per Hlawatschek is a proven digitalization expert who has already held responsible positions at Bitcoin Group SE for several years. He was significantly involved in the development of the cryptocurrency trading platform Bitcoin.de operated by futurum bank AG. After studying economics at the University of Bielefeld, Mr. Hlawatschek first worked as a research assistant at the Chair of Applied Computer Science and Business Informatics. He then contributed his expertise to the development of numerous well-known online platforms. Mr. Hlawatschek will continue to drive the development of Bitcoin.de in the future and additionally undertake and accompany the technological and strategic evaluation of potential investments and partnerships for Bitcoin Group SE and its subsidiaries, currently in particular futurum bank AG. "Per Hlawatschek has literally shaped the development of Bitcoin.de with his expertise right from the start. As a proven cryptocurrency expert with extensive experience, he is the ideal person to expand our exposed position in the market and unfold the full potential of Bitcoin.de," says Marco Bodewein, Managing Director of Bitcoin Group SE. "Bitcoin Group SE has high momentum and offers great opportunities to significantly shape the process towards a higher penetration of cryptocurrencies. My goal is to position the group even more strongly in the cryptocurrency market and to contribute sustainably to increasing the value of the company," says Per Hlawatschek, Managing Director and CIO of Bitcoin Group SE.

● Fintech expert with high level of digitalization expertise ● Extensive industry network as "door-opener" ● Key connector in the field of cryptobanking for further strategic development Herford, March 22, 2021 - futurum bank, a 100% subsidiary of Bitcoin Group SE (ISIN DE000A1TNV91), has succeeded in recruiting Dr. Markus Pertlwieser for its supervisory board. The 46-year-old will join as the fourth member of the supervisory board. Dr. Pertlwieser, as former Chief Digital Officer of Deutsche Bank, is a proven digital expert who will support futurum bank AG as Germany's first cryptobank on its next expansion steps, especially in the area of digitalization and in the volume business. With his many years of expertise and excellent network within the industry, he will act as an introducer in the field of cryptobanking for both institutional and private customers, helping to set the future strategic course of futurum bank AG. "We are very happy that we could win Dr. Markus Pertlwieser, a proven industry expert. There is definitely no one in Germany who combines experience and network in the areas of digital banking and fintech to the same extent," says Marco Bodewein, Managing Director of Bitcoin Group SE.

● Continued high momentum in the crypto market ● Own portfolio of cryptocurrencies exceeds the EUR 170 million mark ● Continuous customer flow on Bitcoin.de Herford, 23 February 2021 – The Bitcoin Group SE (ISIN DE000A1TNV91) is benefiting strongly from the continuing rise of cryptocurrencies. Bitcoin as the largest, as well as other popular cryptocurrencies, have become a fixed component of a balanced and broadly diversified portfolio strategy as a value investment among institutional and private investors. In this context, media-effective avowals of large corporations putting part of their liquidity into cryptocurrencies are fueling the popularity of crypto investments as well as the strongly increasing acceptance in the financial market. The announcement of activities in the crypto market by large US institutions such as Mastercard and BNY Mellon speaks for the sustainability of the trend towards crypto assets. Bitcoin Group SE is noticing this on the one hand in the transaction activity on the cryptocurrency trading platform Bitcoin.de, which is operated by futurum bank AG, and on the other hand, especially in balance sheet terms, in the development of its own cryptocurrency holdings. Parallel to the recent record levels of the Bitcoin, which recently marked a new all-time high at 58,350 US dollars, the cryptocurrency holdings held by Bitcoin Group SE itself also reached a new record level. These currently stand at EUR 170 million, up from an interim level of EUR 100 million in January this year. Compared to the year-end level as of December 31, 2019, this even corresponds to an increase of 518%. With the strong revenue development in February, Bitcoin Group SE seamlessly continues the positive start of the year 2021. Bitcoin.de customers appreciate the many advantages of the trading venue. With more than 900,000 customers, it is one of the largest in Europe and voluntarily undergoes regular audits of cryptocurrency holdings. For this purpose, a publicly appointed German auditing company audits the crypto holdings held in custody once a year. The last audit took place in November 2020. "Cryptocurrencies have arrived in the mainstream and are now almost a must-have in portfolio allocation. With Bitcoin.de as the largest European cryptocurrency trading platform, we are proud to be one of the pioneers in this fast-growing market, which is now also being massively driven forward by large US addresses. On our platform, we are gaining new customers every day and want to exceed the one million customer mark this year. The shift from fiat money to digital assets has only just begun. Therefore, we remain confident about the positive development and growth of our platform and, of course, about the development of our own portfolio of crypto assets," says Marco Bodewein, Managing Director of Bitcoin Group SE.

● High momentum continues unabated in January ● Integration of Bitcoin Deutschland AG into futurum bank AG creates significant synergies ● Additional growth impetus through new trading platform Herford, February 5, 2021 – Bitcoin Group SE (ISIN DE000A1TNV91) is starting the financial year 2021 with high momentum. With new record highs at the turn of the year - including for bitcoin as the most important cryptocurrency - the momentum on Europe's largest crypto trading platform Bitcoin.de remained undiminished. In the month of January 2021 alone, Bitcoin Group´s Crypto Trading platform Bitcoin.de achieved the third-best monthly result to date in terms of commission revenue. Only in the months of January 2018 and December 2017, Bitcoin.de did perform even better in a historical comparison on a monthly basis. At the same time, the Bitcoin Group successfully completed the integration of Bitcoin Deutschland AG into futurum bank AG within a very short period of time. This has created the conditions to leverage the synergy potential from the organisational repositioning on the basis of the growing trading activities. "The dynamic start into 2021 makes us extremely confident for the rest of the year. After the excellent and fast integration work at futurum bank AG, we have the ideal starting point to further accelerate our growth. An important aspect is the launch of our new trading system planned for the second quarter, from which we expect a significant boost in customer acquisition for Bitcoin.de. In addition, we are optimistic about the performance of our own cryptocurrency holdings due to the price development of the Bitcoin," says the managing director of Bitcoin Group SE, Marco Bodewein.

Herford, January 06, 2021 – Bitcoin Group SE (ISIN DE000A1TNV91) is starting the new year with tailwind. Through the cryptocurrency trading place Bitcoin.de, operated by futurum bank AG, the company benefits significantly from the growing popularity of cryptocurrencies. This is not only noticeable in the increasing trading activities of the more than 900,000 customers on Bitcoin.de. Parallel to the recent record highs of the Bitcoin, which exceeded the EUR 28,000 mark at the beginning of 2021, Bitcoin Group SE also reports a new high in its own cryptocurrency holdings. The company's own cryptocurrency holdings recently broke the EUR 100 million mark. Bitcoin accounts for the largest share of the company's own holdings, while the rest is distributed among other popular cryptocurrencies. By way of comparison, Bitcoin Group SE reported holdings of EUR 27.5 million in its balance sheet as of 31 December 2019. Already at the beginning of December 2020, the company reported exceeding the value of EUR 60 million. "As the operator of one of the largest cryptocurrency trading venues in Europe, we are very pleased about the dynamic development of Bitcoin and the continuous growth of the community - both on the part of private and business customers. In the tenth year of existence of Bitcoin.de, we want to continue to be a reliable partner for them and further shape the spread of cryptocurrencies. Cryptocurrencies have come to stay, we have always emphasised that, and even a major bank like JP Morgan now forecasts a Bitcoin price of more than USD 140,000. This and the constantly rising Bitcoin prices thus impressively underpin our assessment. It is literally a win-win situation that the development has a positive effect on the balance sheet for our company and therefore in two respects for our shareholders," says Marco Bodewein, Managing Director of Bitcoin Group SE.