Bitcoin Suisse achieved a net income of CHF 17.2 million in the first quarter of 2024, more than offsetting the previous year's losses. At the General Assembly in Zug, a new board member was elected and the Board of Directors rotated its presidency to Marco Menotti.
At the start of 2024, Co-Founder Andrej Majcen assumed the role of Group CEO to lead the company into the next phase of accelerated growth and international expansion. Under Majcen's leadership, Bitcoin Suisse reaffirmed its commitment to its roots and core strengths, capitalizing on the growing interconnection between crypto assets and traditional financial markets. The rapidly increasing institutional interest highlighted by the launch of the new Bitcoin spot ETFs in January 2024, is a strong confirmation of Bitcoin Suisse’s strategy to leverage the deep understanding of the crypto ecosystem by building asset management capabilities.
In February 2024, Bitcoin Suisse achieved significant milestones in two of its core business areas by surpassing the CHF 5 billion mark in Assets under Custody, with CHF 2 billion in assets within its staking service. With a robust equity position of CHF 103.6 million, Bitcoin Suisse Group is well-positioned to capitalize on the positive market dynamics and upward trend observed since late 2023.
The General Assembly elected all six nominated candidates, including new board member Ani Banerjee. After thanking the shareholders for their renewed expression of trust, as well as Urs Bigger, who did not seek re-election, Luzius Meisser announced a handover of the Chairman role within the board from himself to Marco Menotti.
Ani Banerjee joins the Board of Directors of Bitcoin Suisse with twenty years of professional experience within the banking and investments industry. Ani spent the first twelve years of his working career in financial services at Citigroup, Cheyne Capital and BlackRock. Since 2017, he has been a private investor and board member across various companies in the crypto industry, advising them closely on strategy and corporate governance.
(Press release / SK)
The new Swiss Venture Capital Report was published on 26 January. It analyses 304 financing rounds closed in 2020 and includes further article such as an interview with Michael Hengartner, President of the ETH Board, and a list of Swiss "soonicorns". 
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