Bitcoin Group agrees to acquire Bankhaus von der Heydt

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Bitcoin Group SE has signed an agreement with Dietrich von Boetticher, the owner of Germany-based Bankhaus von der Heydt, to acquire 100% of the company’s shares.

The purchase includes a cash payment of 14 million euros as well as 150,000 shares resulting from a capital increase against contributions in kind from the company. It should be noted that the cash payment could be changed depending on the evolution of the equity of Bankhaus von der Heydt. In addition, the closing of the transaction is still subject to the approval of the German Federal Financial Supervisory Authority for the third quarter of 2023.

Bankhaus von der Heydt holds a full banking license and offers custody and tokenization of digital assets in Germany. Through this acquisition, Bitcoin Group and Bankhaus von der Heydt will leverage the benefits of blockchain technologies by integrating them into banking and capital markets infrastructures. The goal is to offer all banking, securities and cryptocurrency trading services from a single source, in a regulated and legally secure manner.

Bitcoin Group representatives quoted by eqs-news.com highlighted the company’s opportunity to expand beyond existing businesses in securities trading and cryptocurrency custody. They also discussed the increasing regulation in the cryptocurrency space and how the acquisition of Bankhaus von der Heydt could help Bitcoin Group consolidate and expand its market position.

Bankhaus von der Heydt was founded in 1754 and is based in Munich. According to cointelegraph.com, BMX Operations, a company founded by BitMEX executives, tried to buy Bankhaus von der Heydt in January 2022, but both sides walked off the negotiating table in March.

In May 2022, Bankhaus von der Heydt announced a partnership with fintech Coinpanion. The partnership aimed to secure the regulatory requirements for the launch of Coinpanion in Germany and to accelerate its expansion in Europe. Bankhaus von der Heydt offers a range of services, including traditional and digital banking, securitization and fund services.

More information about the Bitcoin Group

Bitcoin Group SE is a holding company that focuses on innovative business models and technologies in the cryptocurrency and blockchain industries. Bitcoin Group SE owns 100% of the shares of futurum bank AG, which is a trading platform for digital currencies such as Bitcoin, Ethereum, Bitcoin Cash, Bitcoin Gold, Litecoin, Dogecoin, Tron, Solana and Ripple under Bitcoin.de. It also owns 50% of the shares of Sineus Financial Services GmbH, which is a BaFin-supervised financial services provider.

Bitcoin Group SE has made other acquisitions in the German banking sector. For example, it acquired futureum bank in a merger that was announced in 2018 and finalized in 2020. In 2018, Bitcoin Group also purchased investment bank Tremmel Wertpapierhandelsbank, which was later merged into futurum .

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