Wanting at all costs to develop its portfolio of companies, Bitcoin Group SE continues to multiply its acquisitions. Just yesterday, we discovered his intention to buy one of the oldest banks in Germany: the Bankhaus von der Heydt.
Bitcoin Group SE takeover project: mere rumor or truth?
The news was reported on October 20 by Bloomberg Law. Of the sources close to the file were even quoted in order to further support this information. According to the data collected, the sale would be valued at more than 20 million euros (or 19.6 million dollars).
Given its age (founded in 1754), the Bankhaus von der Heydt is a real boon for Bitcoin Group SE. In recent months, the group has been multiplying its acquisitions in order to consolidate its customer portfolio. In concrete terms, he mainly seeks to invest in German financial institutions that meet the requirements of his many investors perfectly well (both in terms of return and risk diversification).
Bankhaus von der Heydt is not at its first takeover proposal
In January this year, crypto platform BitMEX also planned to acquire Bankhaus von der Heydt. The project did not come to fruition, however, as the two parties were unable to agree a deal. For now, the reasons for this failure remain unknown.
Although no official statement has been released till date, it is also known that Bankhaus von der Heydt is facing technology cost management issues. This is also one of the reasons that prompted this private bank to quickly seek out potential buyers.
For its part, Bitcoin Group SE today owns 100% of the shares of Futurum Bank AG. It is a German financial institution that operates the Bitcoin.de crypto platform. 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 Bitcoin Group SE’s 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 activities are now subject to intense legal, financial and regulatory scrutiny. To be continued…
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