ADE Bitcoin Group SE

DGAP-News: Bitcoin Group SE records 518% growth in own stock of cryptocurrencies to EUR 170 million

DGAP-News: Bitcoin Group SE / Key word(s): Cryptocurrency / Blockchain
Bitcoin Group SE records 518% growth in own stock of cryptocurrencies to EUR 170 million

23.02.2021 / 09:00
The issuer is solely responsible for the content of this announcement.


Bitcoin Group SE records 518% growth in own stock of cryptocurrencies to EUR 170 million

- 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.

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 and Litecoin under , 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


About Bitcoin.de:
is a licensed Bitcoin marketplace in Germany and one of Europe's largest Bitcoin marketplaces 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 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) and Bitcoin Satoshi Vision (BSV) can be traded against Euro.

 

Contact:
Bitcoin Group SE
Marco Bodewein
Nordstraße 14
32051 Herford
E-Mail:
Telefon: +49.5221.69435.20
Telefax: +49.5221.69435.25
Website:

Investor Relations Contact:
CROSS ALLIANCE communication GmbH
Jens Jüttner
Tel.: +49.89.1250903-30
E-Mail:
Website:



23.02.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at


Language: English
Company: Bitcoin Group SE
Nordstrasse 14
32051 Herford
Germany
Phone: +49.5221.69435.20
Fax: +49.5221.69435.25
E-mail:
Internet:
ISIN: DE000A1TNV91
WKN: A1TNV9
Listed: Regulated Unofficial Market in Berlin, Dusseldorf (Primärmarkt), Frankfurt, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1170235

 
End of News DGAP News Service

1170235  23.02.2021 

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23/02/2021

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