Business

Bitcoin Suisse is now valued at 2,1 billion DKK

Niklas Nikolajsen is the great-grandson of famous businessman Kjølbro from Klaksvík (Image credits: Dávur Winther)
Niklas Nikolajsen is the great-grandson of famous businessman Kjølbro from Klaksvík (Image credits: Dávur Winther)

Bitcoin Suisse, the company founded by half-Faroese Niklas Nikolajsen, is now valued at 2,1 billion DKK, after investors have poured an additional 311 million DKK into the company.

These last two years, Bitcoin Suisse has generated 347 million DKK in profits, and the first six months of 2020 have been good to the company.

45 year old Niklas Nikolajsen’s bitcoin fairytale began in 2011 when he purchased bitcoins for 50 cent apiece. A few years later, he was a millionaire.

In 2013, he co-founded Bitcoin Suisse, a company that helps wealthy people invest in cryptocurrency.

Mr. Nikolajsen tells website finans.dk that Bitcoin Suisse, seven years after it was founded, is on its way to become the first European unicorn in its branch of industry.

The word unicorn is a term used to describe a newly founded company, which manages to reach a market value of more than one billion dollars.

Read also: Half-Faroese CEO generates 347 million DKK in profits in two years

—–
CORONA AID FOR LOCAL.FO! ($10/month)
Due to the Corona virus, Local.fo is asking it’s many readers to consider start paying small amounts for their dose of the latest local news from the Faroe Islands.
Local.fo currently has only 25 supporters who are making small monthly financial contributions. All funds go towards steering through the Corona times and making Local.fo better! CLICK HERE FOR MORE INFORMATION
—–

Share this article on social media:

More in Business