Bitcoin Suisse concludes its CHF 45 million Series A round

Bitcoin Suisse is a pioneer in the crypto-financial services market. As a regulated Swiss financial intermediary, undergoing licensing as a Swiss bank since October 2019, Bitcoin Suisse has become a market leader in trading, prime brokerage, custody, lending, staking, tokenization, and other crypto-financial services catered to the needs of private, institutional, and corporate clients alike.

The capital increase concludes a strong business performance in the first half of 2020, which saw very high levels of client activity. Reputable leadership capacities – Giles Keating and Roger Studer – were appointed as new members of the Board of Directors. Moving forward and with strong support from institutional investors, Bitcoin Suisse is now ready to embark on its next growth phase as the market leader in crypto-financial services in Switzerland and beyond.

With the successfully completed Series A financing round, Bitcoin Suisse further strengthened its capital base, with 2019 pro forma equity now totalling around CHF 100 million. The financing round included 16.4% of shares of BTCS Holding AG, consisting of 6.4% treasury shares and 10% newly issued shares. Based on the terms of the financing, the current valuation of Bitcoin Suisse is now CHF 302.5 million.

Niklas Nikolajsen, Chairman and Founder of Bitcoin Suisse, stated: “The Series A fundraising is a milestone in the history of Bitcoin Suisse. The strength of our business model, experience and the attractiveness of our strategy, and business plan have now been validated by the market and by the investors. We greatly value the trust placed in us by our new – and current investors, the majority of whom are longstanding partners and clients of Bitcoin Suisse. I am proud of our team, which has executed this transaction in a very challenging economic environment. Seven years after founding our company, we are firmly on track to become the first European unicorn in the digital asset industry.”

Arthur Vayloyan added: “The strength of our business model has so far allowed us to finance our ambitious growth strategy with our own revenues and cash flow. Taking advantage of a unique market opportunity, we will now further accelerate our growth. The proceeds from the capital increase will be used to scale our platforms and products, launch a new suite of crypto-financial and digital asset services, and seize opportunities to expand our international regulated footprint. We are convinced that our integrated service offering will enable us to gain new client segments, introduce them to the digital asset space and unlock the potential for cross-selling. Technology is at the heart of our business model. We will, therefore, continue to invest in our platform to provide our clients with state-of-the-art solutions and serve as a safe access point to the digital asset universe.”

(Press release/RAN)
Photo: Roger Studer, Niklas Nikolajsen, Arthur Vayloyan (left to right)