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.