Bitcoin Suisse Raises $ 50 Million To Continue Exponential Growth

The oldest cryptocurrency company in Switzerland, Bitcoin Suisse, announced the start of a Series A funding round, inunder which it plans to attract 54 million CHF (~ $ 52 million) to enter international markets and maintain a base for exponential growth.

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Investors are offered a 20% stake in the holding company BTCS Holding AG, which owns and controls all Bitcoin Suisse subsidiaries.

Applications are accepted until mid-June, the minimum participation amount is 250 thousand CHF. In case of successful closure of the round of financing, the company will receive an estimate of 275 million CHF.

The investment round was led by well-known Swiss banker Roger Studer and his family, who allocated 20 million CHF from the desired 54 million to the company.

“Bitcoin Suisse has a strong position in the industry thanks to advanced technological solutions and is doomed to maintain leadership in the future,” the investor commented on the decision.

According to the CEO of the providerArthur Vailoyan's cryptocurrency financial services and technologies received from investors will transform a profitable business into a bank with a share capital of CHF 100 million with a strong balance.

Founder of Bitcoin Suisse Niklas Nikolasennoted that the round of financing will allow not to experience restrictions in further development against the background of active demand for liquidity services, bank guarantees and secured loans. Moreover, the company will now have resources for obtaining licenses abroad.

Recall, in April, Swiss startup TaurusThe Group, with infrastructure solutions for digital assets, raised € 10 million following a Series A financing round from Arab Bank Switzerland, the Tezos Foundation and other investors.