Bitcoin Group SE is reportedly considering acquiring German bank Bankhaus von der Heydt.
Bitcoin Group aims to build a portfolio of companies through acquisitions that meet the needs of its investors in terms of risk diversity and potential returns. The company plans to add the former German bank alongside Futurum and Sineus Financial Services, which it currently owns.
Bitcoin Group Targets Traditional German Bank
Bitcoin Group SE is said to be considering acquiring German bank Bankhaus von der Heydt.
Founded in 1754, Bankhaus von der Heydt partnered with Fireblocks last year to provide crypto services to its customers. The private bank, headquartered in Munich, is struggling to manage technology costs and is looking for a buyer, according to the news in Bloomberg.
Bitcoin Group SE, a Germany-based crypto-focused investment holding company, is reportedly considering acquiring local bank Bankhaus von der Heydt. In the news prepared by referring to people familiar with the subject, it is stated that the bank is worth approximately 19.6 million.
Bankhaus von der Heydt was due to settle with BitMEX earlier this year, but both parties mutually canceled the purchase.
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