Advanced Bitcoin Tech

Digital Payment Platform: abpay: A Bitcoin payment gateway for merchants, supporting online stores, physical stores, and restaurants to accept Bitcoin payments, converting cryptocurrency to euros in real-time and settling, helping merchants avoid exchange rate risks. Smartwallet: A multi-currency wallet for individual users, supporting the storage, exchange, and transfer of Bitcoin, fiat currencies, and stablecoins, providing a simplified interface and high security (such as cold storage and multi-signature). Bitcoin Reserve Strategy: Since 2021, Bitcoin has been included in the balance sheet, accumulating reserves through open market purchases and mining rewards. As of November 2024, holding 242.2 BTC, with an average cost of approximately $8,853 per coin, the current value is about $23.55 million (estimated based on July 2025 prices). Compliance layout: Exploring the digital asset custody qualifications of BaFin in Germany through subsidiaries, but large-scale institutional services have not yet been launched.

Direct Earnings from Cryptocurrency: Transaction fees: The abpay platform charges a fee of 0.5% - 1.5% for each Bitcoin transaction, with related income in 2024 accounting for 62% of total revenue (approximately 126,000 euros). Exchange rate differential income: Smartwallet earns a spread (average 1.2%) when exchanging fiat currency for Bitcoin, contributing approximately 18,000 euros in revenue in 2024. Asset appreciation: The price fluctuations of Bitcoin directly affect the value of reserves. In May 2025, when Bitcoin surpassed $160,000, the value of its 242.2 holdings appreciated by approximately $19 million. Traditional business supplement: Software Licensing: Providing customized blockchain payment solutions to small and medium-sized enterprises, charging an annual licensing fee (average 5,000 euros per client), with a revenue share of 28% in 2024.

Building Anti-Cycle Capability: The cryptocurrency business provides growth momentum during downturns in traditional financial markets. During the global stock market volatility in 2024, its cryptocurrency-related revenue increased by 220% year-on-year, partially offsetting the decline in traditional software business. Demonstration Effect of Compliance: abpay, as one of the first compliant Bitcoin payment gateways in Germany, has obtained FINTRAC registration qualifications, attracting a customer base that includes small and medium-sized enterprises as well as cross-border e-commerce. In 2024, over 300 new merchant users were added. User engagement improvement: Smartwallet provides a one-stop service for "fiat - cryptocurrency," with monthly active users reaching 12,000. Among them, 35% of users perform at least 3 exchange operations each month, creating a stable cash flow.

Bitcoin ( BTC ): Market Signal Transmission: As one of the earlier publicly listed companies in Germany to hold Bitcoin, its holding behavior is seen as a demonstration of the "digital gold" reserve strategy, encouraging similar companies to follow suit. In Q2 2025, companies holding Bitcoin among German tech stocks outperformed the market by an average of 12%. Payment scenario expansion: abpay has connected with over 200 merchants, directly increasing the actual demand for Bitcoin. In 2024, the transaction volume of Bitcoin completed through abpay reached 4.2 million USD, accounting for 3.5% of the Bitcoin commercial payment market in Germany. Other cryptocurrencies: Currently, it has not ventured into alternative coins such as ETH and SOL. The management stated in the financial report meeting in June 2025, "Focusing on Bitcoin as the core reserve asset, we are not considering high-risk coins for the time being."