On July 8, PANews reported that the German listed company Nakiki SE (ISIN: DE000WNDL300) announced that it will fully adopt Bitcoin as its sole treasury reserve asset, aiming to become the first listed company in Germany to emulate the business model of MicroStrategy. The company plans to propose a name change and amendments to the company’s articles of association at the shareholders' meeting in the second half of 2025, and is currently negotiating with investors to raise funds for Bitcoin allocation through a stock issuance.