Key Points
- Aifinyo AG is the first German company to convert its balance sheet to Bitcoin.
- The company has initiated this shift with an investment of approximately $3.48 million from UTXO Management.
Aifinyo AG, a European fintech company, announced on October 21 that it would convert its balance sheet to Bitcoin (BTC).
This makes it the first German company to fully adopt a BTC treasury model.
Investment Details
The shift was announced through a press release and was initiated by an investment of about $3.48 million from UTXO Management.
These funds were allocated solely for Bitcoin purchases.
Garry Krugljakow, Aifinyo’s Head of Bitcoin Strategy, stated that establishing a Bitcoin treasury or keeping Bitcoin as an “inflation protection and strategic reserve” on their balance sheet is something that “every DAX company will have to consider” within the next five years.
Strategy and Future Plans
Aifinyo plans to use a pure-play Bitcoin treasury protocol modeled after the one established by Michael Saylor with Strategy, which holds more than 640,000 BTC.
According to the press release, this strategy will involve continuous Bitcoin accumulation using operating cashflows and no trading, with the aim of establishing long-term holdings.
Aifinyo intends to expand its fintech services into business accounts and credit cards in 2026, with a goal of accumulating over 10,000 Bitcoin by 2027.
Increasing Interest in Bitcoin Treasuries
There has been a significant increase in interest in Bitcoin and other cryptocurrency treasury models among fintech and related investment firms in 2025.
For example, DDC Enterprise Limited secured $124 million in a new equity financing round in October, with funds earmarked for BTC purchases.
At the time of the purchase, the firm reported holdings of 1,058 BTC and set an ambitious target of 10,000 BTC by the end of 2025.
Data from Coinmarketcap indicates that DDC holds approximately 1,083 BTC as of October 21.
