Business
Bitcoin : Annual Report/ Financial Statements 2024
Bitcoin : Annual Report/ Financial Statements
About this update from Bitcoin Group Se
[{"type":"text","content":"\n \n ANNUAL REPORT 2024\n CONTENTS\n LETTER TO SHAREHOLDERS 5\n \n \n GROUP MANAGEMENT REPORT 19\n \n \n CONSOLIDATED FINANCIAL\n \n \n STATEMENTS 33\n \n \n \n 4\n \n \n LETTER TO SHAREHOLDERS\n \n \n BITCOIN GROUP SE AT A GLANCE 6\n \n \n FOREWORD BY THE MANAGEMENT BOARD 7\n \n \n THE BITCOIN GROUP SE ON THE CAPITAL MARKET 11\n \n \n REPORT OF THE SUPERVISORY BOARD 15\n \n \n \n 5\n \n \n \n BITCOIN GROUP SE AT A GLANCE\n \n \n \n BITCOIN GROUP SE KEY FIGURES\n \n 2024\n \n \n 2023\n \n \n Number of customers\n \n \n 1,070,000\n \n \n 1,055,000\n \n \n Bitcoin price\n \n \n EUR\n \n \n 89,807.21\n \n \n 38,833.34\n \n \n Ethereum price\n \n \n EUR\n \n \n 3,195.58\n \n \n 2,071.45\n \n \n Revenue EUR\n 9,372\n \n \n 7,751\n \n \n EBITDA EUR\n 1,790\n \n \n -1,790\n \n thousand\n \n \n \n thousand\n \n \n thousand\n \n \n Earnings after taxes EUR\n 1,793 1,936\n \n \n Earnings per share EUR 0.36 0.39\n \n \n Equity ratio % 72.3 74.7\n \n \n \n \n \n \n 6\n \n \n FOREWORD BY THE MANAGEMENT BOARD\n \n \n \n Dear shareholders,\n \n \n \n The year 2024 marked a turning point for the global crypto industry - and also for the Bitcoin Group. We experienced a dynamic market environment characterized by in-depth, extensive structural changes that have decisively advanced the institutional relevance and regulatory maturity of the entire industry. In this environment, the Bitcoin Group put in gratifying performance which exceeded planning, in spite of geopolitical and economic ambiguities.\n \n \n \n Bitcoin proves best and most successful asset class\n \n \n All in all, the cryptocurrency market developed strongly in 2024. Global crypto market capitalization almost doubled to USD 3.27 trillion between the beginning of January 2024 and the end of December 2024. As the most important digital currency in the crypto universe, Bitcoin recorded an impressive performance of +119%, positioning it as the most successful asset class for the eighth time in the past ten years. The Bitcoin price exceeded the symbolic USD 100,000 mark in December, representing a historic milestone and underlining the confidence in digital assets on a global level. The Bitcoin halving that occurred in April 2024 also contributed to the positive price performance due to the resulting shortage.\n \n \n \n Strong institutional dynamics\n \n \n The approval of Bitcoin spo...