CMS advises aifinyo on its path to becoming Germany's first Bitcoin treasury company
Frankfurt/Leipzig – With an initial investment of EUR 3 million in Bitcoin and the participation of strategic partner UTXO Management, aifinyo has become the first listed company in Germany to strategically invest part of its corporate profits in the cryptocurrency.
aifinyo is thus positioning itself as a pioneer at the interface between regulated finance and digital asset management. The move follows the international trend of holding company reserves in Bitcoin. The strategy is inspired by global pioneers such as (Micro)Strategy, Metaplanet and Moon Inc. and thus sends a clear signal as to the innovative strength of the German capital market.
A CMS team led by Dr Jörg Lips and Philipp Melzer provided comprehensive legal advice to aifinyo on the implementation of this innovative Bitcoin treasury strategy.
Founded in 2012, aifinyo is a fintech company with over 8,000 corporate customers and two subsidiaries supervised by the German Federal Financial Supervisory Authority (BaFin). The new "pure play" treasury strategy complements the existing business model by adding an innovative element in asset management and capital allocation. According to aifinyo, Bitcoin is stored using institutional cold storage solutions at depositories regulated by BaFin in accordance with banking standards.
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