Saylor's Crypto Strategy Spreads to Germany with Nakiki SE

The strategy of turning Bitcoin into the primary reserve asset of a publicly listed company, pioneered by Michael Saylor and MicroStrategy, is beginning to show its influence beyond the borders of the United States. Most recently, a publicly-listed company in Germany, Nakiki SE, has officially declared it will follow this path, with the ambition of becoming the "MicroStrategy of Germany."

In a major announcement, Nakiki SE declared its plan to comprehensively adopt a Bitcoin treasury strategy. Their goal is to become the first listed company in Germany to pursue a business plan focused solely on reserving assets in Bitcoin. This is seen as a bold move in one of Europe's largest and most regulated economies.

To realize this vision, the company has outlined a clear roadmap. First, it will propose a company name change and a revised business purpose at its Annual General Meeting (AGM), scheduled for the second half of 2025. In parallel, Nakiki SE stated it is already in discussions with key investors to raise additional capital through a share issuance. The entire proceeds will be used to finance the purchase of Bitcoin.

Nakiki SE has not hidden its source of inspiration. The company openly acknowledges that it is modeling its strategy after Michael Saylor's. The MicroStrategy model, which uses a public corporate structure to raise capital and accumulate Bitcoin, has proven to be an effective "blueprint." It not only provides stock market investors with an indirect, regulated channel to gain Bitcoin exposure but also turns the company's stock into a "proxy" for the value of Bitcoin.

The move by Nakiki SE, along with other companies like Evertz Pharma that have been mentioned in this context, is evidence that a growing number of businesses worldwide are exploring alternatives to holding cash and traditional reserve assets that are depreciating due to inflation. Every public company that adopts this strategy further strengthens Bitcoin's status as a strategic and reliable reserve asset on corporate balance sheets. This event is expected to be a significant milestone for corporate crypto adoption in Europe.