Bitcoin Group SE has recently put forward a bid for Bankhaus von der Heydt, which is a 268-year-old German Bank. This bank has been facing the implications of its own decisions made in the cryptocurrency and digital asset domain. This information has been acquired through a press release by the former party.
The release noted that the company:
“Is in takeover negotiations with several potential targets. The targets are deposit-taking/credit institutions from the German region. Among the targets is Bankhaus von der Heydt, Munich.”
Bankhaus von der Heydt recently noted that it is willing to sell itself after the crypto-derivatives exchange BitMEX saw a fall. The estimated sale value of the bank is about $19.6 million. This is a big deal for the Bitcoin Group as the bank is a renowned entity in Germany. Therefore, this crypto news might be important due to the fact that the crypto space is deeply affected by such updates as even the slightest change does not go unnoticed.
About Bitcoin Group SE
The official website of the company denotes that:
“Bitcoin Group SE is a holding company with a focus on innovative and disruptive business models and technologies in the fields of cryptocurrency and blockchain.
Bitcoin Group SE holds 100% of the shares in futurum bank AG, which operates a trading platform for digital currencies under Bitcoin.de in addition to classic securities services, and 50% of the shares in Sineus Financial Services GmbH, a financial services provider supervised by BaFin.
The goal of the company is to build up a portfolio of investments through further acquisitions that meet the requirements of our investors in terms of risk diversification and potential returns.”
About Bankhaus von der Heydt
The website of the group behind this 268-year-old German bank noted that:
“The von der Heydt Group consists of three legally independent units. At the centre is the Bank with its headquarters in Munich. In addition, we are represented in Luxembourg by our fund company von der Heydt Invest SA and our securitisation platform von der Heydt Securitisation SA.”
The bank had recently taken the crypto and blockchain business into consideration. However, nothing turned out to be positive as it is now in a position to be sold.