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October 3rd, 2025 | 07:20 CEST

The Bitcoin Revolution – Now it is time to leverage! Nakiki, Capital B, Bitcoin Group

  • Tokenization
  • Bitcoin
  • crypto
Photo credits: pixabay.com

Bitcoin is a perennial favorite – for years, the world's most well-known cryptocurrency has been on an upward trajectory. Due to the coin's unalterable design, the maximum number of new Bitcoins is limited. Unlike traditional currencies, which are regularly inflated by central banks, the supply of Bitcoin increases ever more slowly until it eventually stabilizes at a predetermined level. This is another reason why the best-known cryptocurrency is considered an optimal asset class for preserving wealth and investing independently of the traditional financial system. There are now a number of companies that have built lucrative business models by converting central bank money into Bitcoin. We present three stocks and take a closer look at the newcomer, Nakiki.

time to read: 3 minutes | Author: Nico Popp
ISIN: NAKIKI SE | DE000WNDL300 , CAPITAL B | FR0011053636 , BITCOIN GROUP SE O.N. | DE000A1TNV91

Table of contents:


    Good reasons for listed Bitcoin companies

    More and more investors see Bitcoin as an alternative to gold – especially when it comes to cross-border capital transfers and preservation. Bitcoin is ahead of the game, especially among younger investors. In recent years, an increasing number of companies have emerged, particularly internationally, that have made it their business to acquire and securely store Bitcoins. Expectations of further price gains often meant that companies were ultimately valued significantly higher than the sum of the digital coins in their portfolios. This business model is of interest to professional investor groups, among others, who are restricted from investing directly in cryptocurrencies. Investment companies like Capital B or Nakiki, on the other hand, are publicly traded companies and open to investment at any time. In addition, crypto stocks eliminate the operational risks associated with self-custody of large crypto holdings, in particular the so-called "hot wallet problem." Hot wallets are crypto wallets connected to the internet, making them vulnerable to hackers.

    Bitcoin Group and Capital B: Flexibility and expertise are key

    Years ago, Bitcoin Group shares were booming, partly due to their exposure to the best-known cryptocurrency. However, the Company offers additional business areas with its own futurum bank AG, the Bitcoin.de trading platform, and a 50% stake in the BaFin-regulated financial services provider Sineus Financial Services GmbH. The Bitcoin Group cannot, therefore, be considered a pure Bitcoin investment company. The situation is different at Capital B. The Company once operated under the name The Blockchain Group and focuses 100% on the purchase and management of Bitcoin holdings. Just a few weeks ago, the Company announced capital measures to acquire fresh capital for the purchase of Bitcoin. The ability to quickly raise capital at the right time to buy Bitcoin is considered a mark of quality – companies that get the timing right can reap disproportionate benefits.

    Nakiki finances bitcoins with bonds – Leveraged for success?

    Most publicly traded bitcoin investment companies rely exclusively on capital increases for capital measures – new shares are issued in exchange for capital, diluting the shareholdings of existing shareholders. The recently emerged Nakiki SE from Germany aims to change this by also purchasing Bitcoin through bond issuance. The Company has already announced its first bond. The advantages for existing shareholders are clear: dilution is likely to occur much less frequently at Nakiki. Additionally, depending on the terms, the bonds themselves are likely to be attractive on the market. Unlike typical corporate bonds, whose funds flow into investments in companies, the capital issued is parked in what many investors consider to be a stable and future-proof asset class. In addition, the purchase of bitcoins financed by debt capital offers Nakiki shareholders potential leverage.

    Naikki's CEO is experienced investment banker and bond professional, Andreas Wegerich. Over the course of his career, Wegerich has successfully placed bonds with a total volume of more than EUR 1.7 billion. If Wegerich's team continues to acquire capital for Bitcoin purchases through attractively structured bonds, Nakiki's share price is likely to reflect these efforts. Even if the share price falls below the total value of the bitcoins in the portfolio, companies like Nakiki have options: buying back its own shares can provide both attractive returns and price stabilization. Unlike Capital B, Nakiki reserves the right to develop further business areas. Just over a week ago, the Company announced that it is in negotiations for a minority stake in Companexis LLC, which specializes in building a database for compliance-relevant corporate data and plans to integrate blockchain technology. This potential acquisition in the US also fits in with Nakiki's plans to list its shares in the US, aiming to attract investors there.

    Calm before the storm for Bitcoin and Nakiki shares?

    Shares such as those of Nakiki are suitable for investors who prefer to use a traditional broker instead of trading on crypto exchanges, or who are unable to buy cryptocurrencies directly due to regulatory restrictions. The still relatively young company from Germany scores with an innovative financing concept, led by CEO and long-time bond expert Andreas Wegerich. The recently announced bond and the sideways trend of Bitcoin could be good arguments for taking a closer look at Nakiki shares.


    Conflict of interest

    Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as "Relevant Persons") may hold shares or other financial instruments of the aforementioned companies in the future or may bet on rising or falling prices and thus a conflict of interest may arise in the future. The Relevant Persons reserve the right to buy or sell shares or other financial instruments of the Company at any time (hereinafter each a "Transaction"). Transactions may, under certain circumstances, influence the respective price of the shares or other financial instruments of the Company.

    In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual relationships.

    For this reason, there is a concrete conflict of interest.

    The above information on existing conflicts of interest applies to all types and forms of publication used by Apaton Finance GmbH for publications on companies.

    Risk notice

    Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and the like on news.financial. These contents are exclusively for the information of the readers and do not represent any call to action or recommendations, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. The contents do not replace individual expert investment advice and do not constitute an offer to sell the discussed share(s) or other financial instruments, nor an invitation to buy or sell such.

    The content is expressly not a financial analysis, but a journalistic or advertising text. Readers or users who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. No contractual relationship is established between Apaton Finance GmbH and its readers or the users of its offers, as our information only refers to the company and not to the investment decision of the reader or user.

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    Der Autor

    Nico Popp

    At home in Southern Germany, the passionate stock exchange expert has been accompanying the capital markets for about twenty years. With a soft spot for smaller companies, he is constantly on the lookout for exciting investment stories.

    About the author



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