One of Bitcoin's largest holders to acquire 268-year-old German bank?
The crypto -verse has managed to veer into several industries across the globe. However, Bitcoin [BTC], the world’s first and largest crypto currency made its debut to address the shortcomings of traditional finance . Despite its capabilities, the asset was sidelined for the most part. Now, in a new turn of events, a crypto -based investment firm was looking to acquire a 268-year-old bank in Germany. As per a recent report, Bitcoin Group SE was considering buying Bankhaus von der Heydt, a German bank that was set up in 1754. It was brought to light that the value of the sale was about $19.6 million or €20 million. It should be noted that the bank has been trying to get acquired by multiple crypto firms for quite some time now. Back in March, BitMEX, the crypto-derivatives exchange was on the verge of purchasing the bank. However, things took a different turn as the exchange failed to garner a green signal from German financial regulator BaFin. Acquisition activities surr...