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Bitcoin Group Weighs Bid for 268-Year-Old Bank in Germany

  • Bankhaus von der Heydt is speaking with potential buyers
  • Munich-based lender has struggled to manage technology costs
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Bitcoin Group SE is considering a bid for Bankhaus von der Heydt, the 268-year-old German bank that’s stumbled with its own moves into cryptocurrencies and digital assets.

The crypto and blockchain investor is in negotiations with several potential targets, including Bankhaus von der Heydt, the company said in a statement late Thursday that confirmed a Bloomberg News report.