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Bitcoin Group Weighs Bid for 268-Year-Old Bank in Germany

Oct. 21, 2022, 7:15 AM

Bitcoin Group SE is considering a bid for Bankhaus von der Heydt, the 268-year-old German bank that’s stumbled with its own moves into cryptocurrencies and digital assets.

The crypto and blockchain investor is in negotiations with several potential targets, including Bankhaus von der Heydt, the company said in a statement late Thursday that confirmed a Bloomberg News report.

Founded in 1754, Munich-based Bankhaus von der Heydt has been talking to potential buyers after a deal to sell itself to crypto-derivatives exchange BitMEX fell through, people familiar with the matter have said. A sale may value the bank at ...