Goobit Group AB publishes interim report Q2 2023/2024, 1 August - 31 October 2023


Goobit Group AB ("Goobit") releases its Q2 Interim Report for the fiscal year 2023/2024, available in full on Amid growing excitement for Bitcoin and crypto-assets, the quarter was notable for strategic progress, enhanced corporate governance, and proactive regulatory compliance efforts, reflecting a rise in market sentiment and operational improvements. The Company welcomes all stakeholders to read the full report for a more detailed review.

Overview Financial Results for Goobit Group AB (publ) (“the Company” or “Goobit”)

Q1, 1 AUGUST 2023–31 OCTOBER 2023


  • Net sales amounted to 26.7 MSEK (27.5).
  • Operating profit amounted to -2.2 MSEK (-2.1). The period includes lawyer costs attributable to the rights issue which are considered non-recurring.
  • Income after financial items amounted to -2.2 MSEK (-2.2).
  • Earnings per share before and after dilution amounted to -0.008 SEK (-0.02).

Important Events During the Period

  • In August, Goobit announced that Jan Tibbling, who is a lawyer and now a board member, had been appointed as the Company's Money Laundering Reporting Officer (“MLRO”). This decision strengthens the Company's corporate governance as well as its commitment to strict regulatory compliance. As MLRO, Tibbling will use his experience to strengthen Goobit's anti-money laundering strategies and methods.
  • Goobit's CEO, Christian Ander, has decided to receive his salary in Bitcoin. Christian Ander's decision highlights Bitcoin's growing influence in traditional financial systems and Goobit's commitment to its adoption. This choice is meant to inspire industry leaders and potentially expedite Bitcoin's wider acceptance.
  • Goobit is actively preparing for the implementation of the European Union's MiCA crypto-assets regulation, coming into effect in 2024. Its subsidiary, Goobit AB, will integrate pan-European identification methods to enable safe and seamless onboarding of new customers with the highest Know-Your-Customer (“KYC”) standards. Goobit is pleased to announce that the Company entered an agreement with Scrive, a leading KYC provider in the Nordics, to enable Swedish customers with its new Know-Your-Customer methods.

Important Events After the Period

  • Goobit has successfully completed its rights issue which ended on November 10, 2023. The Rights Issue was notably oversubscribed at 124.45% of the planned target, raising a total of 9 864 489.53 SEK before issue costs. This shows the strong support and trust from the Company's existing shareholders. The funds raised through this Rights Issue will be deployed to fund operations, accelerate growth, enhance products, add additional payment methods, as well as solidifying the Company’s market position.
  • Goobit's shares have been listed on Nasdaq First North since 2021. The Company has now successfully transitioned its listing venue to the Nordic Growth Market (“NGM”), a subsidiary of Börse Stuttgart. Opting for NGM will provide Goobit with a higher level of service and a more Bitcoin and crypto-friendly partner to collaborate with.
  • Goobit participated in marketing and communication activities at Dreamhack, one of Europe's largest esports events. This initiative led to the Company experiencing significantly higher trading volume the days following the event, showing a vast untapped opportunity in this market segment.

Shareholder letter

Dear Shareholders,

As we conclude an eventful quarter, I am delighted to share the progress that Goobit Group has made in the Bitcoin and crypto-assets sector. Our journey, fueled by our commitment to this dynamic field, has been notable. Our recent investment in Bitcoin, backed by in-depth market analysis and an understanding of the regulatory environment, demonstrates our belief in its stability and potential as a safeguard against global market fluctuations.

In terms of risk management and regulatory compliance, we have remained alert and proactive. We are continually adjusting our strategies to keep pace with the rapidly changing regulatory scene, including the EU's MiCA regulation and the ongoing global discussions about central banks’ involvement with Bitcoin. The Basel Committee's forthcoming prudential standards for crypto-assets, scheduled for implementation in 2025, highlight the evolving nature of the financial industry and underscore the growing importance of Bitcoin.

The company's trajectory has been impressive, highlighted by a successful capital raise that got oversubscribed by 125%, which speaks volumes about our investors' confidence in our vision. Our move from Nasdaq First North to the Nordic Growth Market (NGM) represents a strategic effort to enhance our market presence and support further expansion. Additionally, integrating advanced technologies like Scrive is a forward-thinking step in aligning with the expected requirements of the MiCA regulation, thereby solidifying our position in the European market.

My decision to receive my salary in Bitcoin mirrors our trust in its role in the traditional financial system. This choice, along with our significant Bitcoin holdings, reflects our long-term faith in its prospects. Our collaboration with the Swedish Civil Contingencies Agency (MSB) further underlines our dedication to promoting responsible Bitcoin adoption and adhering to Anti-Money Laundering standards. Moving forward, we are committed to capitalizing on market trends and regulatory changes to ensure continuous growth and value for our stakeholders.

Thank you for your continued support and trust in our journey.

Warm regards,

Christian Ander, CEO
December 2023
Goobit Group AB (publ)

Read the full interim report on

For further information, please contact:
Christian Ander, CEO, Goobit Group AB

Certified Adviser:
Eminova Fondkommission AB | 08-684 211 10 |

About Goobit Group | BTCX
Goobit Group AB (publ) operates in the financial sector. The company launched the world's longest running Bitcoin exchange BTCX in 2012. Goobit is Sweden's leading Bitcoin company in financial services and education. The company offers exchange services of fiat currencies to Bitcoin and has so far exchanged over 2.0 billion SEK. The company's most well-known brands are BTCX Express and Standard Bitcoin Exchange (BTCX). In addition to exchange services, the company also offers services in anti-money laundering (AML Desk) and compliance for crypto assets. Goobit Group AB (publ) was registered in 2013 and is a group with operations in the wholly-owned subsidiaries Goobit AB, Goobit Blocktech AB, and Goobit Exchange AB. Goobit AB targets private individuals, corporate customers, and financial institutions. The group has its headquarters in Gamla Stan, Stockholm, Sweden.

For more information, see Goobit's website

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