European fintech company Aifinyo AG announced on Oct. 21 that it was converting its balance sheet to Bitcoin , making it the first German firm to adopt a full BTC treasury model. The pivot was announced in a press release on Oct. 21, and kickstarted by an investment from UTXO Management for approximately $3.48 million allocated to pure-play Bitcoin purchases. Aifinyo’s Head of Bitcoin Strategy, Garry Krugljakow, said in a statement that the move to establish a Bitcoin treasury or keep Bitcoin on their ba ...