Bitcoin Group SE doubles crypto-owned stock to EUR 165 million.

Bitcoin Group SE doubles crypto-owned stock to EUR 165 million.

Bitcoin Group SE presents annual report 2023 with a positive development of the crypto own

Bitcoin Group SE recently published its annual report for 2023, and it has become clear that its crypto own population almost doubled compared to the previous year. This positive development is particularly remarkable in view of the difficult external framework, including high inflation, rising interest rates and geopolitical tensions that have influenced the financial markets.

In the 2023 financial year, Bitcoin Group SE achieved sales of EUR 7.8 million compared to EUR 8.3 million in the previous year. The decline is mainly due to a low trade activity on the Bitcoin.de trading platform, which is operated by Futurum Bank AG, a 100 percent subsidiary. However, commercial activity improved significantly in the fourth quarter of 2023 with the recovery of Bitcoin.

The profit before interest, taxes and depreciation (EBITDA) in the 2023 financial year was EUR -1.8 million compared to EUR 1.4 million in the previous year. The improvement of the annual surplus to EUR 1.9 million after EUR -2.4 million in the previous year results mainly from value recesses and a solid record of the Bitcoin Group.

The Bitcoin Group has an equity ratio of 74.7 % at the end of 2023 and had a net crypto population of EUR 164.8 million. This is a significant increase compared to the EUR 70.8 million at the end of 2022. This strong position allows the company to spend a dividend of EUR 0.10 per share.

At a strategic level, Bitcoin Group SE has promoted the technical development of the marketplace Bitcoin.de in order to offer the growing users a safe trading platform for cryptocurrencies. In addition, important regulatory developments, such as the approval of crypto-spot ETFs in the USA and the legal clarity in the European Union, have further strengthened the acceptance of cryptocurrencies as asset class.

The Bitcoin Group SE estimates that the financial year 2024 has a certain uncertainty in view of the changing external influences, but it expects constant sales and a slightly positive EBITDA for the year 2024.

The annual report 2023 The Bitcoin Group SE is available for download on Bitcoingroup.com, and the English -language report will be available by the end of July 2024. Bitcoin Group SE is noted in the primary market of the Düsseldorf Stock Exchange and on all other German securities exchanges and Xetra.

The Bitcoin Group SE is a leading company in the area of cryptocurrency and blockchain that operates Bitcoin.de for Futurum Bank AG. With more than 1,000,000 registered users, Bitcoin.de is one of the largest crypto marketplaces in Europe and known for its high security and reliability.

In an increasingly regulated environment and growing institutional participation, the crypto industry is facing another growth path. Bitcoin Group SE is optimistic that it can convince both institutional and private customers with its reputable service offer.

- Nag