Bitcoin Group SE with strong start to the year - previous year's break-even already clearly exceeded, new record for crypto equity holdings
Bitcoin Group SE with strong start to the year - previous year's break-even already clearly exceeded, new record for crypto equity holdings Herford, 15 April 2021 - Bitcoin Group SE (ISIN DE000A1TNV91) is starting the 2021 financial year with strong growth in the first quarter. In particular, the wholly owned subsidiary futurum bank AG recorded sustained high demand for cryptocurrencies and further customer growth on the trading platform it operates, bitcoin.de, in the first three months of the 2021 financial year, which is reflected in a pleasing development of net commission income.
According to preliminary calculations, net commission income reached a value of EUR 8.5 million in the first quarter of 2021. By comparison, according to preliminary data already published, total revenue in the 2020 financial year amounted to EUR 15 million with expenses of EUR 4.5 million. This means that the Group has already significantly exceeded the break-even point of the entire previous year in the first quarter of 2021.
Parallel to the recent record highs of the Bitcoin, which recently reached a new all-time high of 64,902 US dollars, the cryptocurrency holdings of Bitcoin Group SE reached a new high. The value of the digital assets held in the company's own portfolio has more than doubled compared to the level as of 31 December 2020 and amounts to around EUR 210 million. This means that the company's own holdings in Bitcoin and other cryptocurrencies cover around 70% of the current market capitalisation of EUR 297 million.
15-Apr-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: Bitcoin Group SE Nordstrasse 14 32051 Herford
Germany Phone: +49.5221.69435.20 Fax: +49.5221.69435.25 E-mail: email@example.com Internet: www.bitcoingroup.com ISIN: DE000A1TNV91 WKN: A1TNV9 Listed: Regulated Unofficial Market in Berlin, Dusseldorf (Prim?rmarkt), Frankfurt, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1185259 ? End of Announcement DGAP News Service