Trying at all costs to develop its portfolio of companies, Bitcoin Group SE continues to multiply its acquisitions. Just yesterday, we found out that he intended to buy one of the oldest banks in Germany: the Bankhaus von der Heydt.
Bitcoin Group SE takeover project: rumor or truth?
The news was reported on October 20 by Bloomberg Law. Sources familiar with the matter were even cited to support this information. According to the data collected, the sale would be worth more than 20 million euros (or 19.6 million dollars).
Due to its age (founded in 1754), the Bankhaus von der Heydt is a great help to Bitcoin Group SE. In recent months, the group has been multiplying its acquisitions to consolidate its customer portfolio. In concrete terms, it mainly seeks to invest in German financial institutions that perfectly meet the needs of its many investors (in terms of return and risk diversification).
Bankhaus von der Heydt is not on its first takeover proposal
In January of this year, it was also planned to acquire the crypto platform BitMEX Bankhaus von der Heydt. However, the project did not come to fruition as the two parties were unable to agree on an agreement. So far, the reasons for this failure are still unknown.
Although no official statement has been released so far, it is also known that Bankhaus von der Heydt is facing technology cost management issues. This is also one of the reasons that motivated this private bank to quickly look for potential buyers.
For its part, 100% of the shares of Futurum Bank AG are owned by Bitcoin Group SE today. It is a German financial institution that operates the crypto platform Bitcoin.de. He also manages 50% of the shares of Sineus Financial Services GmbH, a crypto investment brokerage firm.
Bankhaus von der Heydt is not the only bank on the Bitcoin Group SE list. It examines the acquisition of several other targets. It will also take several months to know the outcome of this takeover project. All acquisition activity is now subject to intense legal, financial and regulatory scrutiny. To be continued…
Get a summary of the news in the world of cryptocurrencies by subscribing to our new service daily and weekly so you don’t miss any of the essential Cointribune!
My name is Ariela and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago. But it’s a universe I’m very interested in. And the topics covered in the platform give me the opportunity to learn more. A singer in my spare time, I also have a great passion for music and reading (and animals!
