Bitcoin Suisse, after a challenging 2023, is on the road to profitability, reporting an unaudited net profit of 17.2 million Swiss francs in Q1 2024. CEO Andrej Majcen, who has been operationally leading the company since January, attributes this turnaround to a positive market environment and significant cost reductions, including ending most external contracts. Majcen aims to replicate Bitcoin Suisse’s success in Switzerland on an international scale, starting with expansions in the Middle East and Europe. The company has established a presence in Liechtenstein and is setting up operations in Abu Dhabi to meet the high demand for crypto financial services in the region.
