RATE Group | Bitcoin Suisse Sells 20% Stake to Raise $47 Million: Crypto Valley Broker Aims To Expand…
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Bitcoin Suisse Sells 20% Stake to Raise $47 Million: Crypto Valley Broker Aims To Expand…

08 May Bitcoin Suisse Sells 20% Stake to Raise $47 Million: Crypto Valley Broker Aims To Expand…

Posted at 20:15h in Bitcoin News by

Bitcoin Suisse Sells 20% Stake to Raise $47 Million: Crypto Valley Broker Aims To Expand Into Banking

Crypto valley firm Bitcoin Suisse has announced plans to sell a 20% stake in the company. The sale is expected to raise 46 million Swiss francs ($47.38 million).

Bitcoin Suisse said it intends to use the money to expand its portfolio to banking services in Switzerland and Liechtenstein, according to local media reports.

The firm’s mainstream ambitions, announced last year, also include a securities dealer license. A banking license in Liechtenstein will give it access to European Union banking customers, it said. The offer is open until mid-June.

Valued at $283.25 million, the company has already raised around $20.6 million in an initial funding round, led by Swiss banker Roger Studer and the Studer Family Office.

The current fund raise is expected to boost Bitcoin Suisse’s capital base to $103 million.

Bitcoin Suisse, which aims achieve unicorn status by 2025, is seeking further funds to expand proprietary trading and its credit business as well as future acquisitions. Unicorns…

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