Goobit logo

See the full summary here.

Goobit Group AB has shared its interim report for Q1 2023/2024. Despite market uncertainty, the company focused on product development and cost reduction. The net turnover decreased to 21.5 MSEK, mainly due to discontinued banking services. The operating result was -3.1 MSEK, including one-time costs for a concluded investigation by the Financial Supervisory Authority.

Key events:

  • Acquisition of Snowbank AB (BTCSWE), a bitcoin exchange service.
  • Sale of Nova Exchange to focus on the bitcoin exchange BTCX and the anti-money laundering tool AML Desk.
  • The Financial Supervisory Authority's investigation concluded with a sanction fee of 2 MSEK, which Goobit plans to appeal.

After the period, lawyer Jan Tibbling was appointed as a board member in Goobit AB, to strengthen the company's regulatory compliance. The CEO emphasizes long-term faith in Bitcoin as an agent of change and as a tool for global peace.