The value of the cryptocurrencies held by the Bitcoin Group in its own holdings exceeded 100 million euros at the beginning of the year. At the end of 2019 it was 27.5 million euros, at the beginning of December 2020 the corresponding amount was 60 million euros. The steadily rising rate of Bitcoin contributes to the significant plus. In addition to Bitcoins, the Herford-based companies also hold various other crypto currencies in their inventory.
Marco Bodewein, Managing Director of the Bitcoin Group: “Crypto currencies are here to stay, we have always emphasized that and even a major bank like JP Morgan is now forecasting a Bitcoin rate of more than USD 140,000. The fact that the development has a positive impact on the balance sheet for our company and thus in two respects for our shareholders is a literal win-win situation. “
There are now more than 900,000 customers on its own platform, bitcoin.de.
The shares of the Bitcoin Group are quoted unchanged at 72.10 euros at noon.