Bitcoin Group May Acquire Bankhaus von der Heydt for €20M

Crypto-centered holding Bitcoin Group is considering several companies for takeover, including the German bank Bankhaus von der Heydt (BVDH).

Bloomberg Law has reported that representatives of the credit organization have confirmed the ongoing negotiations between the parties.

According to sources, the deal may amount to €20 million.

BVDH, which was founded in 1754, joined forces in 2021 with Fireblocks to offer crypto-related services to clients. In light of high technology costs and low margins, management decided to look for a buyer.

The Bitcoin Group includes Futurum Bank and Sineus Financial Services (50% share), which is licensed by BaFin.