Bitcoin Suisse finishes $48 million Series A financing round. The financing round included 16.4% of shares of BTCS Holding AG, consisting of 6.4% treasury shares and 10% newly issued shares.
The authorized capital for the fully subscribed 10 percent capital increase was created at the extraordinary general assembly on June 30 , 2020. Based on terms of the financing deal, Bitcoin Suisse is now valued at approximately $326 million.
In a statement, Niklas Nikolajsen, Chairman and Founder of Bitcoin Suisse, states “The Series A fundraising we have concluded today is a milestone in the history of Bitcoin Suisse. The strength of our business model, experience, and the attractiveness of our strategy and business plan have now been validated by the market and by the investors.”