Bitcoin Group to buy Bankhaus von der Heydt
Cryptocurrency-focused holding Bitcoin Group has agreed to acquire the German bank Bankhaus von der Heydt (BVDH). This is stated in the press release.
We are talking about the amount of 14 million euros ($14.7 million) and 150,000 shares.
The transaction must be approved by the German Federal Financial Supervisory Authority (BaFin). Its closure is expected in the third quarter of 2023.
The interest of the Bitcoin Group in the takeover of the German bank became known in October. Then Bloomberg sources reported that the purchase amount could be €20 million ($19.6 million at the exchange rate at that time).
