On July 24, Bitcoin Suisse, Switzerland’s crypto-financial services market leader, announced the successful completion of its first-ever financing round, raising approximately $48 million (45 million CHF). With this, the company has now broadened its shareholder base with various new private investors and strategic business partners.
According to the official announcement, the financing round included 16.4% of shares of BTCS Holding AG, consisting of 6.4% treasury shares and 10% newly-issued shares. The 10% capital increase was created at the extraordinary general assembly on June 30 this year.
After a strong business performance in the first half of the year, the Swiss company also introduces two new board members with reputable leadership capacities – Giles Keating and Roger Studer (a lead investor).
Chairman and Founder of Bitcoin Suisse, Niklas Nikolajsen, said:
“The Series A fundraising we have concluded today 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.”
He then noted how proud he is of his team for executing the transaction in such a challenging economic environment, and said that seven years after its founding, the company is on track to become the “first European unicorn” in the digital industry.
The successful Series A funding is the peak of performance for the organization in 2020, since earlier this year, Bitcoin Suisse managed to show strong operating improvements and successfully introduced some key administrative changes to its structure.
In regard to this, Chief Executive Officer Dr. Arthur Vayloyan, expressed his enthusiasm for the future development of the company, saying that Bitcoin Suisse has a “unique opportunity” to leverage the potential of the still nascent digital asset market and create substantial value for its clients and investors.
“Building on our talent, technology, and capital, we will now initiate our next growth phase, which will lead our firm towards a security token offering and a public listing,” stated Dr. Vayloyan, publicly confirming an upcoming STO.