Bitcoin Group SE
ADE · Deutsche Börse / Xetra (ADE); OTC: BTGGFFinancialMediumGermany
BTC held
3,605
as of Aug 31, 2026 · 0.017% of 21M
Value now
$289M
at BTC $80,275
Basic mNAV
0.54×
mkt cap $156M as of Sep 18, 2026
Sats per share
72,100
5.00M shares as of Aug 31, 2026
Cost basis
- Average cost per BTC
- —
- Total invested
- —
- Unrealized gain
- —
Treasury debt
No convertible notes or treasury-linked debt on file.
Recent activity
No treasury activity reported in 2026 — holdings have been flat at 3,605 BTC through Aug 31, 2026 (worth ~$280.5M); tracker data (Newhedge) shows the last purchase was February 9, 2025. Focus remains on its regulated bitcoin.de exchange / futurum bank AG operating business.
Risk notes
Shares trade at ~0.57x the value of BTC held (The Block mNAV) and are down ~30% on the year (share price €27.36, market cap €138.9M); with no accumulation program, the equity story depends on the bitcoin.de/futurum bank business and closing the NAV discount. Enterprise value ($148.1M) below market cap implies net cash; no convertible or major debt disclosed. Cost basis is not published.
Sources
- https://www.theblock.co/treasuries/ade.de
- https://bitcointreasuries.net/public-companies/bitcoin-group
- https://stockanalysis.com/quote/etr/ADE/
- https://bitcoingroup.com/en/equity-story/group
- https://newhedge.io/bitcoin/treasuries/bitcoin-group-se
- https://bitcointreasuries.net/
Figures are compiled from public disclosures and may lag. This page is information, not investment advice or a recommendation regarding ADE securities.