TALLINN, ESTONIA, June 23, 2026 – BitSpider OÜ, a Tallinn-based virtual asset service provider, today
announced a rapid return to profitability following Coinstone
Decentralised One’s increase of its ownership stake from 50% to 100% in
early 2026. The company intends to submit an application to the Estonian
Financial Supervision Authority (EFSA) for authorisation as a
Crypto-Asset Service Provider (CASP) under the Markets in Crypto-Assets
Regulation (MiCA) by 30 June 2026.
From Loss to Consistent Profit
BitSpider reported a net loss of EUR 89,290 for FY2025. Following
Coinstone’s acquisition of full ownership in early 2026, new management
implemented strategic and operational improvements that delivered
profitability within four months. In February–May 2026, the company
generated approximately EUR 240,000 profit before tax on EUR 651,000
revenue, with net margins consistently in the 38%+ range.
“Since Coinstone increased its stake to 100%, we’ve moved from a
loss-making position to sustainable profitability in just four months —
and we’re doing it with a debt-free balance sheet and capital ratios
well above regulatory minimums,” said the BitSpider Team.
Strong Capital Position
BitSpider maintains a debt-free balance sheet with own funds of EUR
406,000 as at 31 December 2025. The company’s FY2026 forecast projects
revenue of EUR 1.95 million with a 36% net margin, generating own funds
that exceed MiCA Article 67 capital requirements by a multiple of 8.8x
in FY2026, rising to 32.4x by FY2029.
MiCA Authorisation
BitSpider’s application for CASP authorisation, to be submitted by 30
June 2026, reflects the company’s commitment to operating within the
EU’s new crypto-asset regulatory framework. The application will
demonstrate BitSpider’s non-custodial, principal-based business model,
robust governance, and compliance infrastructure.
“MiCA authorisation positions us as a regulated, compliant operator in
one of Europe’s most dynamic regulatory jurisdictions. Our Estonian
headquarters, dedicated local team, and capital strength all support a
credible and sustainable long-term business,” said the BitSpider Team.
For more information, visit https://bitspider.com.
About BitSpider
BitSpider OÜ(Reg. No. 14666754) is a standalone virtual asset service
provider based in Tallinn, Estonia, with its own dedicated management
team and regulatory oversight. The company operates a non-custodial
exchange model, acting as principal and counterparty to client
crypto-asset trades. BitSpider is owned by Coinstone Decentralised One,
an investment fund that invests in web 3.0 and blockchain companies
across Europe.
Media Contact
BitSpider OÜ
[email protected]
https://bitspider.com
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