Bitcoin Suisse publishes 2019 Corporate Factsheet and Key Financials
Mar 21, 2019
Founded in 2013, Bitcoin Suisse has been a pioneer in crypto-financial services. We have helped shape the crypto and blockchain ecosystem in Switzerland and we have been a driving force in the development of the City of Zug as the Crypto Valley. In response to the increasing interest in our company and in the spirit of transparency, we have created a brief summary, where we provide key data for the first time as well as insights into where we come from, what we do, and what our ambitions are.
Key Financials We achieved net revenues of CHF 41.8 million and net income of 31.5 million in 2017. Despite a market environment characterized by declining valuations and lower market activity, we continue to be able to produce sound revenues and net income, while at the same time investing into and growing the company. Organizational Growth In the last two years, we have grown our team to 82 employees, and we continue to attract exceptional talent thanks to our strong market position and financial strength. We added a Liechtenstein office to our group, and we are now represented with offices in Zug, Copenhagen & Vaduz. New Products While our brokerage remains at the core of our business, we are continuously developing new products and services. In 2017 we separated our high-security HSM-based storage division into Swiss Crypto Vault AG. Part of the Bitcoin Suisse Group, it is one of the largest providers – and possibly the safest – of hyper-secure storage for crypto assets. In 2018, through our subsidiary Swiss Crypto Tokens AG, we launched the first Swiss Franc ‘stablecoin’, the CryptoFranc (XCHF), with a current issue of CHF ~15 million. And in 2019 we started providing large-scale crypto asset-collateralized lending/credit to private individuals and institutions. Strategic Focus Our aim is to remain a key player in the crypto-financial marketplace, to continue providing excellent services and products in this field, and to bridge the world of traditional finance with that of crypto finance. Bitcoin Suisse benefits from a strong and stable shareholder base. The close involvement and alignment of shareholders, the board, management and the entire team ensure that we can focus on creating value for clients and on investing in sustainable growth.