The leading Swiss crypto broker Bitcoin Suisse has a new prominent investor: ex-Vontobel investment bank boss Roger Studer is leading a round of financing.
Roger Studer is not a bit tired: After leaving Vontobel as long-time investment bank boss, he founded his own family office. Now the next prank follows: Studer has joined Bitcoin Suisse as a major investor, as the crypto broker announced on Friday.
Student’s engagement is part of a larger round of financing, in which Bitcoin Suisse wants to sell 20 percent of the shares. Bitcoin Suisse initially valued the financing round at CHF 275 million.
Via finews.ch announced
Studer and his family office are on board as the lead investor for this Series A round. Bitcoin Suisse is the market leader, has a solid business model and mature technology, said Studer according to the message. “As the market leader in the Swiss crypto finance sector, Bitcoin Suisse will now grow rapidly.”
Bitcoin Suisse founder Niklas Nikolajsen had the planned round of financing last year finews.ch announced. The company has built up around CHF 54 million in equity over the years. But in order to expand business activities and accelerate growth, the balance sheet had to be strengthened.
First bank, then stock exchange
Bitcoin Suisse submitted a request for a full banking license to Finma last year. The license is expected from the second half of 2020. In a further step, Bitcoin Suisse plans to go public.
The shares now offered will be publicly available for sale from May 11 to mid-June. Qualified investors can participate from an amount of CHF 250,000 upwards.
Will UBS and Credit Suisse merge after the Corona crisis?
Yes, because they will not be able to bear their high costs on their own.
Yes, there will be cooperation in some areas.
UBS will swallow Credit Suisse.
Credit Suisse will swallow UBS.
No, both banks will still be independent in five years.