{"id":71368,"date":"2022-12-12T19:57:51","date_gmt":"2022-12-12T17:57:51","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=71368"},"modified":"2025-09-08T08:19:08","modified_gmt":"2025-09-08T05:19:08","slug":"bitcoin-group-to-acquire-bankhaus-von-der-heydt","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-group-to-acquire-bankhaus-von-der-heydt\/","title":{"rendered":"Bitcoin Group to acquire Bankhaus von der Heydt"},"content":{"rendered":"

The cryptocurrency-focused holding Bitcoin Group has agreed to acquire the German bank Bankhaus von der Heydt (BVDH). According to a press release<\/a>.<\/p>\n

The deal is for \u20ac14 million ($14.7 million) and 150,000 shares.<\/p>\n

The deal is subject to approval by BaFin. It is expected to close in the third quarter of 2023.<\/p>\n

Interest in Bitcoin Group’s takeover of the German bank emerged in October. At the time, Bloomberg sources reported that the purchase price could amount to \u20ac20 million<\/a> ($19.6 million at the rate at that time).<\/p>\n

Bankhaus von der Heydt, which has operated since 1754, offered crypto-related services in 2021 in partnership with Fireblocks. In light of high technology costs and low profitability, management decided to seek a buyer.<\/p>\n

The Bitcoin Group comprises Futurum Bank and Sineus Financial Services (50% stake), licensed by BaFin. The former operates the crypto-trading platform Bitcoin.de.<\/p>\n

In January, the BitMEX-related company BXM Operations and BVDH signed an agreement<\/a> to sell the latter.<\/p>\n

Later, the parties agreed to terminate the deal<\/a> without explanation, according to the media.<\/p>\n

Read ForkLog’s Bitcoin news on our Telegram<\/a> \u2014 cryptocurrency news, prices, and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"

The cryptocurrency-focused holding Bitcoin Group has agreed to acquire the German bank Bankhaus von der Heydt (BVDH). This is stated in a press release.<\/p>\n","protected":false},"author":1,"featured_media":71369,"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":[1229,109,1235],"class_list":["post-71368","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-banks-and-fintech","tag-germany","tag-mergers-and-acquisitions"],"aioseo_notices":[],"amp_enabled":true,"views":"8","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/71368","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=71368"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/71368\/revisions"}],"predecessor-version":[{"id":71370,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/71368\/revisions\/71370"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/71369"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=71368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=71368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=71368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}