2 years ago
Crypto holding institution Bitcoin Group has moved to bargain 1 of the world’s oldest banks Bankhaus von der Heydt, for astir $15 million.
Bankhaus von der Heydt was founded successful 1754 arsenic a privately-owned slope offering accepted and integer assets banking. It became the archetypal slope successful German to connection cryptocurrency trading and custody services for fiscal institutions and plus managers.
Bitcoin Group announced connected Dec. 12 that it had signed a woody to get the German-based integer bank. Bitcoin Group volition wage astir $15 cardinal for 100% of Bankhaus’s 150,000 shares upon completion successful the 3rd 4th of 2023,
In the adjacent signifier of the acquisition, the Bitcoin Group is to unafraid support from Germany’s Federal Financial Supervisory Authority (BaFin) for the banking license.
The takeover of Bankhaus volition spot the Bitcoin Group ain 2 banking licenses from Germany, pursuing its earlier acquisition of the Futurm integer bank.
The station Bitcoin Group acceptable to get German’s oldest Bank for implicit $15M appeared archetypal connected CryptoSlate.
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