Bitcoin Group considering buying centuries-old German bank: Bloomberg Law
Bitcoin Group SE, a crypto-focused investment holding company based in Germany, is reportedly considering purchasing local bank Bankhaus von der Heydt. Bloomberg Law reported the news on Thursday, citing people familiar with the matter.
Bankhaus von der Heydt is the same bank crypto exchange operator BitMEX planned to acquire in January of this year, but the deal fell through in March after the two parties reportedly mutually agreed to call off the acquisition. The reasons were unknown, but the deal was subject to the approval of German financial regulator BaFin. The sale could value the bank at around €20 million ($19.6 million), according to the report.
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