Bitcoin Group SE Shares Skyrocket Along with Bitcoin – s Ascent

Shares of the company Bitcoin Group SE have skyrocketed along with the rise of bitcoin’s price. Its shares have almost doubled since the previous year. Their value moved from EUR 775 ($909.35) to EUR 1,770 ($2076.83) this year, according to a German financial press release. The company is now also trading on Avanza, which is Sweden’s largest online stockbroker. The company is expected to proceed growing spil it adds more cryptocurrencies to its accepted holdings.

What is Bitcoin Group SE?

Bitcoin Group SE is an investment company that concentrates on the fintech ecosystem, and helps clients get involved with bitcoin and cryptocurrencies specifically. Their webstek said:

“Bitcoin Group SE is a holding company focused on innovative and disruptive business models and technologies from the fields of cryptocurrency and blockchain. Bitcoin Group SE holds 100% of the shares ter Bitcoin Deutschland AG, which operates Germany’s only authorized trading place for the digital currency Bitcoin under Bitcoin.den.”

The webstek elaborated the company sees itself spil a capital risk provider that helps fresh startups reach their growth potential. The webpagina said their aim is to build a portfolio for clients ter a diversified manner and pay attention to the risk of risk spreading. This has helped the company’s investors maximize comebacks, which has likewise driven up the stiff’s share price.

Exceeding Expectations: Bitcoin Group SE’s growth Corresponds with Bitcoin’s Growth

Overall, the hard has exceeded expectations. It doubled its share price, which has corresponded with the dynamic growth of bitcoin’s price. Its share price has also corresponded with enhanced trading volume on bitcoin.den, especially since bitcoin.den is a wholly possessed subsidiary of the company. Its earnings before taxes spotted corresponding gains.

“Earnings before taxes rose by 240% to EUR 1,220 ($1431.49) thousand ter the very first half of 2017, compared to EUR 359 ($421.23) thousand ter the same period of the previous year.”

The dramatic rise te bitcoin’s price is the primary factor for the company’s success. The financial press release said, “The increase ter essential key figures is attributable to the dynamic rise ter the Bitcoin price and the associated value of the Bitcoin inventories held by the Group.”

What do you think about thesis Bitcoin funds and investor trading platforms? Do you see their dramatic share increases based on the bitcoin price to be a good thing? Tell us ter the comments below.

Photos courtesy of Shutterstock and Bitcoin Group SE

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