{
 "as_of": "2026-11-06",
 "cmr": "de-cm-kg/XETRA/ADE",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# BITCOIN GROUP SE  O.N. (Xetra: ADE) — research page\n\nAs of 2026-11-06 · de-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is BITCOIN GROUP SE O.N., listed on Xetra under ticker ADE, with ISIN DE000A1TNV91 and LEI 3912007O3KBYO8R0SM92. Its security type is Corporate, its segment is DEUTSCHLAND, and its jurisdiction is Germany (Handelsregister HRB). Its sector is not on the record, as the Xetra instruments file carries index membership and not a sector classification. Its listing status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 16 filings in the twelve months to 2026-11-06, across 11 filing days. The filings are 2 ad hoc, 3 corporate news and 11 newswire release. The median gap between filing days is 23.5 days. The latest filing is a newswire release dated 2026-10-29, 8 days before the record date. On Xetra, the median cadence gap is 22.8 days, the median filings count is 6 and the median latency is 5.5 days, across 419 issuers. The sector median is not on the record for this market.\n\n## Auditor\n\nThe auditor of record is not on the record. The register holds only the annual report link for this issuer, which is a source link and not a read. The auditor's location is not on the record, and auditor changes are not on the record.\n\n## Events and halts\n\nThe listing, delisting, name change, domicile change and segment move lines are not on the record, because the register has no lifecycle type map yet. The halt flag shows listed, not halted.\n\n## Orderability\n\nUnder rule version acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1, as of 2026-11-04, the outcome is signal ACM-200 for Professionelle Kunden, Privatkunden and Geeignete Gegenparteien, and it is determinable for each of the three.\n\n## Coverage\n\nThe field has not been read. The number of research houses named on the issuer's investor-relations page is not on the record.\n\n## Open research\n\nThe field has not been read. The number of openly published research notes is not on the record.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe market's vintage is not sealed. No sealed years hold the issuer, no earliest sealed date is on the record for the market, and the date the live record began is not on the record.\n\n## Sources\n\n7 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (identity.exchange)\n- https://api.gleif.org/api/v1/lei-records/3912007O3KBYO8R0SM92 (identity.jurisdiction)\n- https://mapping.gleif.org/api/v2/isin-lei/latest/download (identity.lei)\n- https://mcp.de-cm-kg.ai/events/XETRA/ADE (the disclosure lines)\n- https://www.cashmarket.deutsche-boerse.com/cash-en/Stay-Informed/current-regulatory-topics/mifid-ii-releases/4086638!suspension-list (the halt flag)\n- https://mcp.de-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://mcp.de-cm-kg.ai/record/XETRA/ADE (the record)\n",
 "market": "DE",
 "node": "de-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": null,
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "the DE vintage is not sealed; the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false
  },
  "auditor": {
   "auditor": {
    "market": "DE",
    "reason": "Width 0 records the annual report link only (ORDER-015: source link, not a read)",
    "state": "not_on_record"
   },
   "auditor_firm_id": {
    "market": "DE",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "DE",
    "state": "not_on_record"
   },
   "changes": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "de-cm-kg/XETRA/ADE",
  "coverage": {
   "note": "the coverage field has not been read for this issuer",
   "state": "not_read"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 419,
     "median_cadence_gap_days": 22.8,
     "median_filings": 6,
     "median_latency_days": 5.5,
     "name": "Xetra"
    },
    "sector": {
     "market": "DE",
     "state": "not_on_record"
    }
   },
   "by_type": {
    "ad_hoc": 2,
    "corporate_news": 3,
    "newswire_release": 11
   },
   "cadence_median_gap_days": 23.5,
   "filing_days": 11,
   "filings": 16,
   "latency_days": 8,
   "latest": [
    {
     "category": null,
     "date": "2026-10-29",
     "source": "https://api.newsfilecorp.com/redirect/5W50niea2q",
     "title": "Bitcoin Hashprice Index",
     "type": "newswire_release"
    },
    {
     "category": "corporate",
     "date": "2026-10-06",
     "source": "https://www.eqs-news.com/news/corporate/bitcoin-group-se-futurum-bank-ag-prepares-alternative-operating-model-for-bitcoin-de/b10b609e-0a37-4ce4-8587-d4997201d763_en",
     "title": "Bitcoin Group SE: futurum bank AG prepares alternative operating model for Bitcoin.de | Corporate - EQS News",
     "type": "corporate_news"
    },
    {
     "category": "ad-hoc",
     "date": "2026-10-06",
     "source": "https://www.eqs-news.com/news/ad-hoc/bitcoin-group-se-bafin-verweigert-beantragte-micar-zulassung-der-futurum-bank-ag/3326ef73-71ab-4d5b-aba5-58c5e92a8f75_de",
     "title": "Bitcoin Group SE: Bafin verweigert beantragte MiCAR-Zulassung der futurum bank AG | Ad-hoc - EQS News",
     "type": "ad_hoc"
    },
    {
     "category": "ad-hoc",
     "date": "2026-10-06",
     "source": "https://www.eqs-news.com/news/ad-hoc/bitcoin-group-se-bafin-refuses-micar-authorisation-applied-for-by-futurum-bank-ag/3326ef73-71ab-4d5b-aba5-58c5e92a8f75_en",
     "title": "Bitcoin Group SE: Bafin refuses MiCAR authorisation applied for by futurum bank AG | Ad-hoc - EQS News",
     "type": "ad_hoc"
    },
    {
     "category": "corporate",
     "date": "2026-10-06",
     "source": "https://www.eqs-news.com/de/news/corporate/bitcoin-group-se-futurum-bank-ag-bereitet-alternatives-betriebsmodell-fuer-bitcoin-de-vor/b10b609e-0a37-4ce4-8587-d4997201d763_de",
     "title": "Bitcoin Group SE: futurum bank AG bereitet alternatives ...",
     "type": "corporate_news"
    }
   ],
   "latest_filing_date": "2026-10-29",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.de-cm-kg.ai/events/XETRA/ADE",
   "window": {
    "from": "2025-11-06",
    "to": "2026-11-06"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "Xetra"
   },
   "isin": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "confirmed",
    "value": "DE000A1TNV91"
   },
   "jurisdiction": {
    "read_by": "GLEIF LEI record (LEI per the LEI column) (registeredAs)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://api.gleif.org/api/v1/lei-records/3912007O3KBYO8R0SM92",
    "state": "sourced",
    "value": "Germany (Handelsregister HRB)"
   },
   "lei": {
    "read_by": "GLEIF ISIN-to-LEI mapping file (daily), LEI by exact ISIN",
    "read_date": "2026-11-09",
    "read_date_basis": "the field",
    "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download (ISIN DE000A1TNV91)",
    "state": "sourced",
    "value": "3912007O3KBYO8R0SM92"
   },
   "name": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "BITCOIN GROUP SE  O.N."
   },
   "sector": {
    "market": "DE",
    "reason": "the Xetra instruments file carries index membership, not a sector classification",
    "state": "not_on_record"
   },
   "security_type": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "Corporate"
   },
   "segment": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "DEUTSCHLAND"
   },
   "ticker": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "ADE"
   },
   "website": {
    "market": "DE",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "DE",
  "node": "de-cm-kg",
  "numbers_hash": "sha256:247ba8ef939544f6d74e91fc01beb8274db6db80ecb224395145bd58090a1316",
  "open_research": {
   "rows": [],
   "state": "not_read"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [
    "Professionelle Kunden",
    "Privatkunden",
    "Geeignete Gegenparteien"
   ],
   "outcomes": {
    "Geeignete Gegenparteien": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "Privatkunden": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "Professionelle Kunden": {
     "determinable": true,
     "signal": "ACM-200"
    }
   },
   "read": {
    "basis": "one live read per instrument class, halt state and client category on this market; this issuer's group",
    "chapter": "https://mcp.de-cm-kg.ai/book/aio.json",
    "door": "https://mcp.de-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "rule_version": "acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1",
   "section": "de.aio.v13"
  },
  "record": {
   "as_of": "2026-11-06",
   "url": "https://mcp.de-cm-kg.ai/record/XETRA/ADE",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-09",
   "source": "https://www.cashmarket.deutsche-boerse.com/cash-en/Stay-Informed/current-regulatory-topics/mifid-ii-releases/4086638!suspension-list",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:247ba8ef939544f6d74e91fc01beb8274db6db80ecb224395145bd58090a1316",
 "path": "/de/XETRA/ADE",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is BITCOIN GROUP SE O.N., listed on Xetra under ticker ADE, with ISIN DE000A1TNV91 and LEI 3912007O3KBYO8R0SM92. Its security type is Corporate, its segment is DEUTSCHLAND, and its jurisdiction is Germany (Handelsregister HRB). Its sector is not on the record, as the Xetra instruments file carries index membership and not a sector classification. Its listing status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 16 filings in the twelve months to 2026-11-06, across 11 filing days. The filings are 2 ad hoc, 3 corporate news and 11 newswire release. The median gap between filing days is 23.5 days. The latest filing is a newswire release dated 2026-10-29, 8 days before the record date. On Xetra, the median cadence gap is 22.8 days, the median filings count is 6 and the median latency is 5.5 days, across 419 issuers. The sector median is not on the record for this market.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is not on the record. The register holds only the annual report link for this issuer, which is a source link and not a read. The auditor's location is not on the record, and auditor changes are not on the record.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "The listing, delisting, name change, domicile change and segment move lines are not on the record, because the register has no lifecycle type map yet. The halt flag shows listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "Under rule version acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1, as of 2026-11-04, the outcome is signal ACM-200 for Professionelle Kunden, Privatkunden and Geeignete Gegenparteien, and it is determinable for each of the three.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "The field has not been read. The number of research houses named on the issuer's investor-relations page is not on the record.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "The field has not been read. The number of openly published research notes is not on the record.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The market's vintage is not sealed. No sealed years hold the issuer, no earliest sealed date is on the record for the market, and the date the live record began is not on the record.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "7 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://api.gleif.org/api/v1/lei-records/3912007O3KBYO8R0SM92"
  },
  {
   "for": "identity.lei",
   "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.de-cm-kg.ai/events/XETRA/ADE"
  },
  {
   "for": "the halt flag",
   "source": "https://www.cashmarket.deutsche-boerse.com/cash-en/Stay-Informed/current-regulatory-topics/mifid-ii-releases/4086638!suspension-list"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.de-cm-kg.ai/book/aio.json"
  },
  {
   "for": "the record",
   "source": "https://mcp.de-cm-kg.ai/record/XETRA/ADE"
  }
 ],
 "title": "BITCOIN GROUP SE  O.N. (ADE) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}