German fintech company Aifinyo AG has become Germany's first publicly-traded Bitcoin treasury firm, announcing plans to purchase 10,000 bitcoins by 2027, a move that would cost over $1.1 billion at current prices. The strategy is modeled after MicroStrategy's approach, focusing on systematic accumulation without speculation or market timing.
The initiative is backed by an initial $3.5 million investment from UTXO Management, part of a long-term partnership dedicated exclusively to Bitcoin purchases. Aifinyo co-founder and Board Chairman Stefan Kempf stated, "We're building Germany's first corporate Bitcoin machine. Every invoice that aifinyo's customers pay will now generate Bitcoin for shareholders. No speculation, no market timing – just systematic accumulation of a deflationary asset."
Garry Krugljakow, Head of Bitcoin Strategy, highlighted that the treasury serves as inflation protection and a strategic reserve, predicting that every DAX-listed company may need to consider similar moves within five years. The firm plans to expand into business accounts and credit cards in 2026 to create new revenue streams for continued BTC acquisitions.
Despite the ambitious goals, the broader Digital Asset Treasury (DAT) sector faces regulatory and stock dilution concerns. U.S. regulators have launched probes into DAT firms over insider trading, while European authorities pose potential risks due to stricter oversight. MicroStrategy, the leading DAT, has reduced purchases amid stock dilution fears, underscoring industry challenges. However, Aifinyo's entry signals sustained corporate Bitcoin adoption, with firms like DDC Enterprise also targeting large BTC holdings.