Nakiki SE Announces Share Capital Increase to Back Bitcoin Treasury Initiative
Nakiki SE, the consumer‑discretionary internet retailer listed on Xetra, disclosed on 3 December 2025 that its Management Board, with the approval of the Supervisory Board, will raise the company’s share capital through a contribution in kind. The move is aimed at attracting German and international investors to support the firm’s evolving Bitcoin treasury strategy.
Mechanics of the Capital Injection
The company’s current share capital stands at EUR 5,787,703. The Board has authorised an increase of up to EUR 686,000, raising the total capital to a maximum of EUR 6,473,703. This will be achieved by issuing up to 686,000 new bearer shares with a nominal value of EUR 1.00 each. Crucially, the new shares will be issued exclusively in exchange for contributions in kind, namely loan receivables. The value of each loan receivable will correspond to the calculated nominal amount of the allocated new share.
The decision to raise capital in this manner is consistent with the company’s broader strategy to diversify its asset base. By bringing in additional capital through non‑cash instruments, Nakiki aims to bolster its liquidity position and provide a foundation for the planned Bitcoin treasury program.
Strategic Context
Nakiki’s primary business remains its online retail platform, windeln.de, which offers a wide range of baby and toddler products across ten European markets. Despite a market cap of roughly 4.5 million EUR, the company’s share price has been volatile, ranging from a 52‑week low of 0.145 EUR to a high of 1.90 EUR. The recent capital increase reflects a shift toward a more sophisticated financial strategy, positioning the firm to participate in the growing digital asset ecosystem.
The capital raise is expected to enhance investor confidence by signalling a commitment to long‑term growth and risk management. It also aligns with the firm’s ongoing efforts to expand its cross‑border operations, including trade with China, and to maintain a robust product offering that spans diapers, baby food, furniture, toys, and clothing.
Market Reaction
While the announcement is still pending full market execution, early indications suggest that the share price may experience short‑term volatility as investors assess the implications of the Bitcoin treasury plan. The company’s financial disclosures will provide further detail on how the new capital will be deployed and the expected impact on earnings and shareholder value.
Outlook
Nakiki SE’s decision to increase its share capital through a contribution in kind represents a significant milestone in its evolution from a niche online retailer to a diversified investment vehicle. By attracting new investors and supporting its Bitcoin strategy, the company is poised to explore new avenues for growth while maintaining its core retail operations.
