Bitcoin Group benefits from the crypto price hype

The Bitcoin Group recorded significant increases in the value of cryptocurrencies in its own holdings. The Herford-based company reported on Tuesday that their value exceeded the mark of 60 million euros. You benefit from the significantly increased price of Bitcoin & Co. With 53 million euros equivalent, Bitcoin makes up the lion’s share. In comparison: At the end of 2019, the Bitcoin Group’s own holdings were still worth 27.5 million euros.

“In our core business as a crypto bank, we are largely independent of the performance of the crypto currencies, but our shareholders participate twice in the success of Bitcoin and Co through our own stock of crypto assets,” says Marco Bodewein, Managing Director of Bitcoin Group SE. “This is an extremely pleasant side effect, which we believe is also sustainable. With institutional investors in particular, cryptocurrencies are becoming an integral part of asset allocation, ”says the manager.

Security data: Bitcoin Group
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Ticker symbol: ADE
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