Zug, July 1, 2022 – Yesterday, the Board of Directors of Bitcoin Suisse presented the financial results for the group for the full fiscal year 2021 during the 2022 annual general meeting. Lawyer and crypto-banking expert Gabriela Hauser-Spühler was elected as new member of the Board of Directors. In addition, Barbara Hofkamp, formerly Chief of Staff Global Wealth Management at UBS, will join the Bitcoin Suisse Management Committee as Chief Corporate Services Officer.

Bitcoin Suisse continued its strong profitable growth in 2021. The company surpassed the CHF 100 million revenue mark for the first time, reaching CHF 145 million consolidated revenues for the full year 2021, out of which more than half came from operating activities and the rest from proprietary crypto exposure. This represents an increase by over 140% from the consolidated revenues of CHF 60.3 million in 2020. The high market demand especially during the first half of 2021 and continued crypto adoption particularly contributed to this performance. The company saw growth across all business streams, especially in Staking, which reached the milestone of over CHF 2 billion staked assets in November 2021. The teams in Switzerland, Denmark and Liechtenstein grew by over 60% to almost 300 employees by the end of 2021.

Leadership Evolution

Over the course of the past twelve months, the Board of Directors of Bitcoin Suisse focused on the succession at the Board and Management level to prepare the company for the next strategic cycle. Bitcoin Suisse made appointments to the Management Committee and the Board, drawing on strong internal and external talent. Former CEO Dr. Arthur Vayloyan handed over his responsibilities and ensured a smooth transition to the new CEO, Dr. Dirk Klee. Upholding the company’s commitment to good corporate governance, Dr. Arthur Vayloyan was not available for re-election at the general assembly, while remaining a substantial shareholder of Bitcoin Suisse.

The Board of Directors took the opportunity to thank Niklas Nikolajsen-von Karlshof, Founder and former Chairman of the Board of Directors and Dr. Arthur Vayloyan, former CEO and former member of the Board of Directors for their exceptional contribution to the growth and continued success of Bitcoin Suisse.

At yesterday’s Annual General Assembly, Bitcoin Suisse welcomed lawyer and crypto-banking expert Gabriela Hauser-Spühler. The former Legal Counsel at Zuger Kantonalbank brings both extensive crypto-financial and traditional financial expertise, as well as compliance experience to her new position. On joining the Board of Directors, Gabriela Hauser-Spühler said: “The track record of Bitcoin Suisse in terms of the resilience of their business model, speed of innovation and market positioning as a crypto powerhouse is very impressive. I am delighted to join the Board and I look forward to supporting Bitcoin Suisse in this next phase of growth.”

Luzius Meisser, Chairman of Bitcoin Suisse, stated: “Bitcoin Suisse has recorded outstanding performance in the last year in terms of revenues and profitability. We clearly benefited from our resilient and secure infrastructure and a diversified, high-quality portfolio of services and products. With the appointment of Gabriela Hauser-Spühler, we are further solidifying our board towards institutionalization and growth.”

Bitcoin Suisse further strengthened the Management Committee with the addition of Barbara Hofkamp as Chief Corporate Services Officer. Barbara Hofkamp brings in unique experience related to business transformation and corporate governance as well as various roles within risk management. Her appointment will help accelerate Bitcoin Suisse in its plans towards further institutionalization, internationalization, and scaling of its business.

Dr. Dirk Klee, CEO of Bitcoin Suisse, said: “We look back on a period of exceptional performance. Our clients and our ability to serve them with the highest quality, most secure and innovative offering remains our top priority. Recent market turbulences solidified our positioning as a trusted and reliable partner for crypto-financial services in Switzerland and beyond. I am delighted to welcome Barbara Hofkamp to the team. She will be vital for preparing our organization for further growth and keeping us laser focused on the needs of our clients.”

Composition of the Board of Directors of Bitcoin Suisse AG as of July 1, 2022:

• Luzius Meisser, Chairman of the Board of Directors
• Urs Bigger, Vice Chairman of the Board of Directors
• Gabriela Hauser-Spühler, Member of the Board of Directors
• Giles Keating, Member of the Board of Directors
• Roger Studer, Member of the Board of Directors

About Gabriela Hauser-Spühler

Gabriela Hauser-Spühler is a self-employed lawyer and notary in the canton of Zug, her practice focusing on commercial and financial market law. Gabriela is familiar with crypto-banking and traditional banking. She worked as Legal Counsel and acted as a deputy in the area of compliance at Zuger Kantonalbank, later she was employed as a senior associate at MME. During her career, she encountered business models based on DLT as early as 2014. She summarized her early experiences in working with the regulator in the then-new legal field in the book "Innovation vs. Regulation - Compliance in Digital Finance". She has since advised several fintech companies on financial market regulatory compliance or in the context of regulatory proceedings. She studied law at the University of Zurich and passed the bar exam in the Canton of Zug. Gabriela also holds an Executive MBA from the University of St. Gallen.

About Bitcoin Suisse

Founded in 2013, Bitcoin Suisse Ltd is the Swiss crypto-finance and technology pioneer and market leader. As an enabler for the crypto and blockchain ecosystem in Switzerland, Bitcoin Suisse has been a driving force in the development of the 'Crypto Valley' and the 'Crypto Nation Switzerland'. The crypto-financial services provider offers brokerage, custody, lending, staking, payment solutions and other crypto-related services for private and institutional clients. As a member of the self-regulatory organization Financial Services Standards Association (VQF), Bitcoin Suisse is a financial intermediary subject to Swiss AML/CFT regulations. Bitcoin Suisse consists of several companies under the parent company BTCS Holding Ltd. The company is headquartered in Zug and has built a team of over 300 highly qualified experts in Switzerland and Europe. | www.bitcoinsuisse.com