You don’t necessarily have to purchase Bitcoin to benefit from the growth in the crypto market. This shows the share performance of Bitcoin Group SE.
It doesn’t always have to be a direct investment in Bitcoin and Co. Shares in listed companies with a focus on crypto have also made a lot of money in recent months. Bitcoin Group SE provides this in the current annual report Proof for 2020.
Worthwhile investment: “Bitcoin stocks”
The holding company calculates an increase in value of around 342 percent. The Bitcoin Group SE was able to more than double the sales revenue compared to the previous year – based on “a strong increase in trading sales on the crypto currency platform Bitcoin.de”. The bottom line is that this results in “earnings per share of EUR 1.90, which corresponds to an increase over the previous year (EUR 0.43 per share) of 342 percent”.
The strong growth of Bitcoin Group SE went hand in hand with the massive increase in demand for cryptocurrencies in the 2020 financial year. In view of the upheavals in the financial markets triggered by the corona pandemic and the trillion dollar support programs in the context of historically low interest rates, the demand for crypto assets has increased significantly, both among private and institutional investors.
In particular, BTC would have “established itself as an alternative asset class for asset accumulation and asset management”. For the current year, the Bitcoin Group SE expects “moderately to strongly increasing sales revenues” and forecasts “for earnings before interest, taxes, depreciation and amortization” sales “in the lower to mid double-digit million range”.
The main reason for the success is the strong growth of the crypto trading platform Bitcoin.de, which is operated by the subsidiary Futurum Bank AG. The platform will have 79,000 new customers in 2020 alone, compared with 919,000 registered customers at the end of last year. With currently 975,000 users, the customer base is also rapidly approaching the million mark.
Bitcoin Group SE is listed on the primary market of the Düsseldorf Stock Exchange as well as on all other German stock exchanges and XETRA. (Stock exchange abbreviation: ADE, ISIN: DE000A1TNV91, WKN: A1TNV9).