Bitcoin Group (ADE), a holding company focused on the blockchain and cryptocurrency industries, announced that it has agreed to purchase the entire stock of Germany’s Bankhaus von der Heydt for 14 million euros (US$15 million) in cash and 150,000 shares. The acquisition gives the company control of one of the world’s oldest banks and a full banking licence holder in Germany. The transaction is expected to close in the third quarter of 2023. Bankhaus von der Heydt, or BVDH, is a Munich-based bank that was founded in 1754. In October, Bitcoin Group announced that it was in acquisition talks with several potential targets, including Bankhaus von der Heydt.
