The cryptocurrency market faces ongoing challenges. Nevertheless, the European Super Angels Club (ESAC) stands firm in its belief in the crypto sector’s significance and potential, particularly within the Web3 domain. ESAC, in collaboration with Venionaire Ventures Sárl in Luxembourg, proudly announces the acquisition of Accointing by its portfolio company, Blockpit AG. This strategic move hints at a possible thaw after a prolonged crypto winter. It also reinforces Blockpit’s standing as a market leader in European crypto tax compliance.

Blockpit strengthens Its Position 

Blockpit, a prominent provider of software solutions for calculating and adhering to cryptocurrency tax regulations, has successfully acquired its Swiss rival, Accointing. This strategic maneuver underlines Blockpit’s dominance in the European crypto tax sector. Furthermore, it reflects the smart business acumen that may imply a change in the crypto landscape. 

Following this acquisition, Blockpit has promptly expanded into the British market. As a result, this is indicating a robust pursuit of new opportunities beyond the European continent. Moreover, their close collaboration with HMRC and numerous tax advisors forms the foundation of a tailored solution for British taxpayers. 

ESAC and Blockpit: A Partnership for Innovation 

ESAC plays a pivotal role in nurturing innovation and supporting high-growth startups. The club’s mission is to transform Europe’s research centers into hubs of innovation. Successful startups like Blockpit are essential beacons in this transformation. ESAC has been a steadfast supporter of Blockpit from the outset, establishing a partnership with Linde Verlag. The club also provided both expertise and capital during their second acquisition. The acquisition of Accointing is a logical step toward creating a consolidated and unified crypto tax platform for Europe. It will serve not only end-users but also crypto exchanges, businesses, and authorities with diverse applications.

Actively Shaping Web3 

Blockpit, a notable Austrian success story, transcends its identity as a crypto tax software provider. Under the capable leadership of CEO Florian Wimmer and Dr. Max Bernt (Chief Legal Office), Blockpit assumes a pivotal role in shaping the trajectory of the European crypto market. The company has made substantial contributions to shaping the most recent European crypto regulations, notably in the development of the MiCAR directive. They have also been actively collaborating with INATBA in preparation for the forthcoming DAC8 directive. This collaborative approach ensures that practical implementation and market requirements are thoughtfully addressed. 

Mag. Berthold Baurek-Karlic, President, and Founder of ESAC, as well as CEO of Venionaire Capital AG, takes immense pride in having a company of Blockpit’s caliber within the portfolio. Additionally, this partnership actively contributes to the ongoing transformation of the European technology landscape, signifying ESAC’s commitment to shaping the future of the tech sector in Europe.

Gradual Thaw in the Crypto Market 

Experts like Florian Wimmer perceive recent market developments as the initial signs of an emerging crypto spring. This strategic acquisition by Blockpit arrives at an opportune time. It also marks Blockpit’s second venture into inorganic growth through mergers with competitors. In 2020, the company successfully integrated the major German market player, Cryptotax. This larger acquisition of Accointing, reaffirms Blockpit’s vision of a consolidated and unified crypto tax platform for Europe even more. 

ESAC extends its warm congratulations on the successful acquisition and looks forward to continuing its support for Blockpit’s successful journey. This partnership exemplifies their commitment to shaping the future of the crypto sector in Europe.