Bitcoin Suisse Opens Its Series A Funding Round

Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term Suisse, a Swiss crypto financial services firm, is eying for a capital raise in a Series A funding round by selling a 20 percent stake of its parent company.

Announced on Friday, a pre-money valuation of CHF 275 million (around $283 million) has been set for BTCS Holding AG.

The investment is only open to qualified, accredited, and professional investors with a minimum participation amount of CHF 250,000 (almost $258,000) who will be allowed to take stakes in the company from Many 11 until mid-June.

The raised funds will bolster the company’s current equity capital of CHF 54 million ($55.6 million) and will also support it in gaining cross-border licenses.

“As Bitcoin Suisse transitions into becoming a Swiss bank, company equity solidly above CHF 100m will provide a strong and profitable balance sheet,” Dr. Arthur Vayloyan, CEO at Bitcoin Suisse, said.

“The Series A round opens the way to greatly accelerate and grow the business volume of Bitcoin Suisse, as well as its profitability. It is the right move for the company, and it is an excellent opportunity for investors to join an extraordinary journey.”

Big names are backing the project

The announcement also revealed that Roger Studer, a renowned Swiss banker, and the Studer Family Office would be the lead investor at the investment round.

“Bitcoin Suisse has a high-quality offer, based on a proven and solid business with state-of-the-art technology, and stands as a market leader in the Swiss crypto-financial space, poised to grow rapidly,” Studer stated. “For these reasons, the Studer Family Office is most excited and pleased to take part in the Series A offering.”

“With the CHF 54m of company capital gathered through many years of retained earnings, we have come a long way,” Niklas Nikolajsen, founder and president of the company’s board, added.

“But looking forward, we could face limitations as to the speed of our growth, as we see great demand for collateralized loans, Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term provision – and an ever increasing need to secure our on-balance client deposits through Swiss bank guarantees.”