Bitcoin Group SE Reports Stable First Half-Year 2024

Herford, 25 September 2024 – Bitcoin Group SE (ISIN DE000A1TNV91) released its Half-Year Report for 2024, highlighting stable performance amid market volatility. Operating revenue reached EUR 4.20 million, down from EUR 5.62 million the previous year, due to the ceasing of express trading. EBITDA improved significantly to EUR 0.57 million, compared to EUR -0.56 million in H1 2023. Earnings per share stood at EUR 0.11, down from EUR 0.38 last year.

The company's balance sheet remains robust with an equity ratio of 73.6% and cash equivalents of EUR 9.8 million as of 30 June 2024. Net crypto holdings rose to EUR 245.6 million, up from EUR 164.8 million at the end of 2023. The user base has expanded to 1,063,000, reflecting increased acceptance of cryptocurrencies, further boosted by the approval of Bitcoin and Ethereum ETFs by the US SEC.

Looking ahead, the Management Board expects stable revenue and slightly positive EBITDA for the full year, despite macroeconomic and geopolitical challenges. The Half-Year Report 2024 is available on bitcoingroup.com, with the English version to follow in October 2024.