EQS-News

Bitcoin Group SE publishes its annual report 2022 - Seite 2

"The year 2022 was undoubtedly a turning point for the crypto industry. However, we are convinced that as Bitcoin Group we will emerge stronger from this challenging phase. Due to the crisis in the industry, the competitive environment is thinning out. Above all, as an institution supervised by the BaFin, we offer the highest security standards and are pioneers in regulatory security and transparency. This, together with our range of trading opportunities, creates trust, which is consequently reflected in a growing client base. We are in the early stages of crypto-evolution. I am therefore convinced that the potential offered by the crypto industry continues to be promising and is far from exhausted," says Marco Bodewein, CEO of Bitcoin Group SE.

The balance sheet situation of the Bitcoin Group continues to be very stable. The equity ratio was 77.23% as of 31 December 2022 (31 December 2021: 72.99%). Cash and cash equivalents amounted to EUR 14.88 million, down from EUR 20.28 million at the 2021 balance sheet date. The net cryptocurrency holdings decreased to EUR 70.8 million in 2022, down from EUR 181.1 million at 31 December 2021, due to exchange rate losses. The solid balance sheet and financial position provides Bitcoin Group with all options to continue to flexibly pursue its growth strategy.

The continuing geopolitical and economic uncertainties and the further emerging exit of major central banks from the expansive monetary policy make it difficult to provide a valid forecast. Against this backdrop, Bitcoin Group SE expects slightly declining revenue and a slightly negative EBITDA in the 2023 financial year. The free cash flow is nevertheless expected to be at a high level, so that investments or repurchases of own shares are possible at any time and the Bitcoin Group can survive unexpected events without a significant impact on the operating business.

The German Annual Report 2022 is available in German for download as a PDF document on bitcoingroup.com in the publications section. The English translation will be available at the beginning of July.

 

About Bitcoin Group SE:

Bitcoin Group SE is a holding company focusing on innovative and disruptive business models and technologies from the cryptocurrency and blockchain sectors. Bitcoin Group SE holds 100% of the shares in futurum bank AG, which operates a trading platform for the digital currencies Bitcoin, Ethereum, Bitcoin Cash, Bitcoin Gold, Litecoin, Dogecoin, Tron, Solana and Ripple under Bitcoin.de, and 50% of the shares in Sineus Financial Services GmbH, a financial services provider supervised by BaFin.