{"id":36564,"date":"2021-02-17T09:53:31","date_gmt":"2021-02-17T07:53:31","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=36564"},"modified":"2025-08-29T06:57:50","modified_gmt":"2025-08-29T03:57:50","slug":"german-public-company-follows-tesla-and-microstrategy-in-investing-in-bitcoin","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/german-public-company-follows-tesla-and-microstrategy-in-investing-in-bitcoin\/","title":{"rendered":"German public company follows Tesla and MicroStrategy in investing in Bitcoin"},"content":{"rendered":"<p>SynBiotic SE, listed on several stock exchanges, <a href=\"https:\/\/www.synbiotic.com\/2021\/02\/16\/synbiotic-se-becomes-the-first-publicly-traded-company-in-germany-to-hedge-against-euro-currency-devaluation-with-bitcoin\/\" target=\"_blank\" rel=\"noopener\">announced<\/a> that it has become the first publicly traded company in Germany to move part of its free liquidity into bitcoin.<!--more--><\/p>\n<blockquote>\n<p>\u201cWith the excessive expansion of money supply in both the euro area and the dollar area there are legitimate concerns about broad fiat money devaluation,\u201d the firm said.<\/p>\n<\/blockquote>\n<p>CEO Lars M\u00fcller emphasised that digital gold is the polar opposite of traditional currencies, because the supply is capped at 21 million coins. This limit is fixed and inviolable, which, in turn, is guaranteed by a decentralized cryptocurrency and blockchain system from unauthorised access, he added.<\/p>\n<blockquote>\n<p>\u201cFor this reason we have greater faith in Bitcoin in the long term than in euros or dollars, where a central institution under political influence can irreversibly increase the money supply,\u201d M\u00fcller said.<\/p>\n<\/blockquote>\n<p>He noted that the firm operates in the cannabis and cannabis-based products sector, and in this field there is a \u201cvery positive experience using Bitcoin as a simple and digital means of payment.\u201d According to M\u00fcller, several SynBiotic subsidiaries already accept payments in the leading cryptocurrency in addition to euros.<\/p>\n<p>Users noted that SynBiotic is not the first public company in Germany to have cryptocurrency on its balance sheet.<\/p>\n<p>In early January the operator of the cryptocurrency trading platform Bitcoin Group SE said that with Bitcoin overcoming the \u20ac38,000 level, the value of its digital assets exceeded \u20ac100 million. The company\u2019s securities trade on Xetra. <\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Not the first one. Bitcoin Group holds more than 100mil\u20ac. <a href=\"https:\/\/t.co\/F3jDGgsgUE\">https:\/\/t.co\/F3jDGgsgUE<\/a><\/p>\n<p>\u2014 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa (@1EBHA1ckUWzNKN7) <a href=\"https:\/\/twitter.com\/1EBHA1ckUWzNKN7\/status\/1361761243221135362?ref_src=twsrc%5Etfw\">February 16, 2021<\/a><\/p>\n<\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Earlier, the world&apos;s first publicly traded company to <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-becomes-the-first-nasdaq-listed-company-to-invest-part-of-its-capital-in-bitcoin\">move part of its reserves into bitcoin<\/a> \u2014 an American analytics-software provider MicroStrategy. In December the company <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-raises-650-million-for-bitcoin-purchase\">raised $650 million<\/a> in the form of debt financing.<\/p>\n<p>Earlier, the company announced a new round <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-to-raise-600-million-to-buy-bitcoin\">sale of bonds totaling $600 million<\/a> to increase investments in digital gold.<\/p>\n<p>In early February it became known that the electric-car maker <a href=\"https:\/\/u1f987.com\/en\/news\/elon-musks-tesla-invested-1-5-billion-in-bitcoin-the-assets-price-rose-to-44800\">Tesla, led by Elon Musk, invested $1.5 billion<\/a> in the leading cryptocurrency and intends to integrate bitcoin as a means of payment for the company&apos;s products.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SynBiotic SE, listed on several stock exchanges, announced that it became the first publicly traded German company to move part of its free liquidity into bitcoin.<\/p>\n","protected":false},"author":1,"featured_media":36565,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[109,52],"class_list":["post-36564","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-germany","tag-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36564","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=36564"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36564\/revisions"}],"predecessor-version":[{"id":36566,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36564\/revisions\/36566"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/36565"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=36564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=36564"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=36564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}