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Bitcoin Group to Acquire Von der Heydt Bank

Bitcoin Group plans to acquire the Munich-based von der Heydt Bank.

By Finst News
• 1 min read
Bitcoin Group to Acquire Von der Heydt Bank

The Bitcoin Group plans to acquire the Munich-based von der Heydt Bank. This is reported by Finance Forward.

Talks have been ongoing since the summer, and the deal is valued at $20 million. Earlier this year, crypto exchange Bitmex attempted to acquire von der Heydt.

Bankhaus von der Heydt has been facing financial trouble and has posted losses in recent years. Revenue has been "unsatisfactory," according to the top stakeholders. The owner is said to be pressuring the bank to find a buyer, which has now been found in the form of Bitcoin Group.

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