Cryptology Asset Group raises €32 million and explores buying bitcoin

Cryptology Asset Group, the Malta-based crypto investment firm, has raised €32 million through a share issue. The money will be used to invest in crypto and blockchain startups.

The company announced on April 15 that it had successfully issued 128,375 new shares and sold 31,625 treasury shares to institutional investors. Cryptology trades on several German exchanges including Börse Düsseldorf, Gettex and Tradegate.

Cryptology is now exploring options for further capital raising, which include potentially issuing a convertible note or bond structure. The company has hired ICF Bank AG to assist with the process.

Additionally, the firm has announced that it is “exploring the possible acquisition of crypto assets,” such as bitcoin, for its corporate treasury.

Cryptology was founded by German financier Christian Angermayer’s family office Apeiron Investment Group.

“Cryptology is benefiting significantly from the substantial increase in the adoption of crypto assets – and we are still only at the beginning here. There is no question that bitcoin will establish itself permanently as digital gold and a digital store of value,” said Angermayer.

Cryptology recently led a €30 million investment in Cologne-based neo-broker Nextmarkets, alongside British billionaire Alan Howard. The firm also counts Galaxy Investment Partners CEO Mike Novogratz as an adviser.

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