Drone defense and nearly 10% fixed interest! DroneShield, Hensoldt, Bitcoin Group, Nakiki

Nakiki SE offers a fixed interest rate of almost 10% per annum

It seems that Nakiki SE has found the perfect window of opportunity for the first German Bitcoin bond. Bitcoin has corrected from its annual high, offering an attractive entry point. Nakiki plans to take advantage of this and buy its first Bitcoin in the coming weeks. To this end, the Company is currently issuing a corporate bond (ISIN DE000A460N46) with an interest rate of 9.875% per annum and semi-annual interest payments. The bond, with a volume of up to EUR 8 million, can be subscribed by private and institutional investors starting at EUR 1,000 directly from the issuer (nakikifinance.com).

This makes Nakiki the first company in Germany to implement a pure play Bitcoin Treasury business model. In the coming years, the Bitcoin portfolio is to be expanded steadily and rapidly with an uncompromising buy-and-hold strategy, forming an expansive balance sheet value base. The management team led by CEO Andreas Wegerich – himself a major shareholder with capital market experience – has brought additional Bitcoin expertise on board with Marc Guilliard and other experts. In addition to purchasing Bitcoin, Nakiki plans to make targeted investments in companies within the Bitcoin ecosystem. Negotiations are already underway with Companexis and the financial portal TopStonks. The ongoing income from such investments will be used to cover operating costs and interest payments.

Andreas Wegerich, CEO of Nakiki SE, explains why the Bitcoin bond can make sense for investors between traditional bonds and stocks and the direct purchase of Bitcoin: "With the first German Bitcoin bond, we are addressing investors who appreciate the established framework of a bond and fixed, predictable interest income and at the same time want to be invested in the Bitcoin universe. We want to quickly and comprehensively expand our financial strength with further capital market transactions in the coming quarters." The interest rate of 9.875% is above the average return of broadly diversified equity ETFs.

The Bitcoin Treasury business model, in conjunction with Bitcoin bonds, has been tried and tested internationally. Subscribe to the 9.875% bond here. The great role model is, of course, Strategy with its dazzling CEO, Michael Saylor. But there are now also successful Bitcoin Treasury companies in Japan (Metaplanet), France (Capital B), the UK (The Smarter Web Company), and Brazil (Méliuz). And in the future, with Nakiki in Germany.

Bitcoin Group: Short sellers active

While Nakiki is focusing on an internationally successful business model, Bitcoin Group appears to have run out of steam. With bitcoin.de, the Company was a pioneer in crypto trading in Germany. But looking at the marketplace, time seems to have stood still since 2017. There is no sign of further development or even innovation. Crypto exchanges such as BitPanda have long since overtaken the pioneer. It is therefore not surprising that Bitcoin Group reported declining revenue and red figures in the first half of 2025. This development is reflected in the share price. In 2025, the security lost almost 40% of its value. The share price of EUR 33 is at the same level as in 2022. The all-time high of over EUR 75 dates back to 2017. Against this backdrop, Nakiki's interest rate of almost 10% per annum appears even more attractive.

Despite the low price, short sellers are betting on the stock. The Federal Gazette recently reported that Qube Research & Technologies Limited has increased its short position from 1.59% to 1.60%.

DroneShield and Hensoldt: New impetus from drone defense center in Berlin?

Is Germany now getting serious about drone defense? The new drone defense center in Berlin was opened yesterday. There, the federal and state governments are pooling their activities against a threat that is increasingly affecting critical infrastructure in Germany. Under the leadership of the Federal Police, it brings together representatives from security agencies, the German Armed Forces, and intelligence services. The goal is to create a nationwide picture of the situation and a coordinated response to drone incidents. The focus is particularly on critical infrastructure such as airports, military sites, and energy suppliers. The background to this is the increasing frequency of drone sightings at sensitive locations in connection with the risks of espionage, sabotage, air traffic disruptions, and potential attacks.

This means that drone protection is evolving from a selective, individual solution to a structured, ongoing task. The more centralized the situation assessment, standards, and deployment concepts become, the more likely it is that robust requirements for procurement, interoperability, and training will emerge. At least, that is the hope. The German Aerospace Industries Association (BDLI) also confirms that demand is already picking up. According to the BDLI, 55% of the companies surveyed recently reported specific inquiries from at least one civil security actor, while 66% reported inquiries from the German Armed Forces. At the same time, political pressure is growing to further develop the legal basis so that security authorities can not only effectively detect drones, but also defend against them.

The topic of drones and their defense has also been on the stock market's agenda for years. Among those profiting are suppliers of detection and defense systems. One of the best-known anti-drone players is likely DroneShield. The Australian company, which markets portable counter-drone systems, among other things, has seen a sharp increase in revenue and orders in the current year. The Company is currently expanding its presence in Europe to better serve regional demand. Hensoldt, on the other hand, can score points as a German sensor specialist and through its role as a supplier in air defense ecosystems – especially when authorities place greater emphasis on "Made in Germany" supply chains, IT sovereignty, and integration into existing command and control systems.

However, the pace of contract awards remains crucial for the companies and their share price performance. There were a few disappointments in industry in 2025. Expectations for the order books of Rheinmetall, RENK & Co. are high for 2026.

Nakiki is making an attractive offer with an interest rate of almost 10% per annum (Subscribe here). The capital is to be used to purchase Bitcoin, and the business model has proven successful internationally. In contrast, Bitcoin Group appears to have lost its business model. Drones and drone defense will continue to electrify the capital markets. DroneShield is an exciting pure play. Hensoldt has shown weaknesses in converting orders into revenue growth in the current year.