The Crypto Company (OTCMKTS:CRCW), one of the first publicly traded technology companies in the blockchain and digital currency industry, has acquired CoinTracking GmbH, a company based out of Germany providing cryptocurrency data aggregation, token price tracking, portfolio management, tax calculation and reporting software. A Form 8-K has been filed with the U.S. Securities and Exchange Commission announcing the transaction.
Please find below a press release detailing the announcement.
The Crypto Company Seals Deal With Leading Cryptocurrency Portfolio and Tax Tracking Company, And Hunts For Further Acquisitions
Publicly-traded company kicks off 2018 with acquisition approval
New York, NY – January 17, 2018 – The Crypto Company (OTC Grey:CRCW), one of the first publicly traded technology companies in the blockchain and digital currency industry, has officially completed an acquisition, through its wholly owned subsidiary, CoinTracking, LLC, of a majority stake in CoinTracking GmbH. California-based The Crypto Company, directly and through its subsidiaries, will continue to invest and expand its product roadmap as well as build on top of CoinTracking’s cryptocurrency data aggregation, token price tracking, portfolio management, tax calculation and reporting software. A Form 8-K has been filed with the U.S. Securities and Exchange Commission announcing the transaction.
CEO of The Crypto Company, Mike Poutre, said, “It is an incredibly exciting time for us. The CoinTracking purchase supports our mission – to bridge the gap between cryptocurrency and mainstream traders, investors, merchants and everyday people. This quarter, we are rapidly expanding our search and acquisition of high potential blockchain companies with the intention of being an increasingly reliable source of market information, access to the rising digital asset class and risk mitigation.”
Our majority interest in CoinTracking GmbH has been entered into the commercial registry of the Republic of Germany.
Poutre continued, “Openness, honesty and transparency are the hallmarks of our company, especially at a time when skepticism is apparent in a nascent, high growth industry like blockchain and digital currency. Our recent Form 8-K filing for this completed deal represents a significant step forward for The Crypto Company, and our goal is to always provide investors and the general public with detailed information on business strategy, acquisitions, key hirings and new services and products.”
CoinTracking GmbH, majority owned by CoinTracking, LLC, a Nevada company and wholly-owned subsidiary of The Crypto Company, allows users to import data from over 50 exchanges and wallets, itemize their holdings, track each transaction, compare prices from around the world and calculate capital gains and losses for tax reporting purposes.