German listed company Nakiki SE is evaluating a share placement to raise tens of millions of euros for purchasing bitcoin.

ChainCatcher news, according to Businesswire, German listed company Nakiki SE announced that its management board is evaluating the interest of professional investors and expects to raise tens of millions of euros through a rights issue of securities. The funds raised will be used for strategic investments in purchasing bitcoin.

Nakiki SE previously announced that it would fully adopt a bitcoin treasury strategy, aiming to become the first listed company in Germany to implement a pure bitcoin reserve asset business plan.