In February 2019, the Company could increase the number of managed Bitcoins by 400, enabling to trade with a total of 1,100 Bitcoins for which the trading platform showed similar returns. During this month Stockholm IT Ventures AB generated ca. Euros 50.000 in revenue from this increased asset under management base.
The Company is currently in negotiations for the acquisition of a larger number of Bitcoins to be managed on the trading platform and aims to secure scalability of assets under management. Bert Scheen, CEO of Stockholm IT Ventures AB, aims to update on the Companies trading activities and related revenues in future.