Swiss Bitcoin company may cut 60 Swiss jobs in restructuring

Bitcoin Suisse plans to lay off up to 60 people and close its R & D center in Copenhagen, transferring technical and administrative functions overseas

Swiss Bitcoin Suisse recently proposed a restructuring plan to cut as many as 60 of its 120 Swiss local positions and close its R & D center in Copenhagen. The move aims to integrate software development and administration into overseas operations centers.

Scope and timetable for layoffs

According to Reuters reported on September 11, the final number of positions affected will be determined after the employee consultation period ends on September 20. The proposed cuts could represent half the company's Swiss workforce. Previously, employees at the Zug headquarters were informed of the details at an all-staff meeting, which was reported by the Swiss financial publication Finews.

The first batch of layoffs is expected to take effect before the end of 2026. Although the company has not announced a specific departure date or a timetable for the closure of its Copenhagen technology center, management said Zug will continue to serve as the company's headquarters and the company will retain its existing name and continue to operate in Switzerland.

Functional transfer and cost optimization

In this reorganization, back-office, administrative and software development positions were the hardest hit. Bitcoin Suisse plans to centralize these functions in Bratislava, Slovakia, and in a future operation center in Vietnam. At present, Bratislava is already one of the company's international operation centers; the specific opening date, staffing targets and site selection of the Vietnam base have not yet been announced.

At the same time, the company's information technology research and development center in Denmark will be closed. The company did not disclose how many Danish employees were affected or whether they would be transferred to other offices. CEO and co-founder Andrej Majcen told Finews that cost is a core factor in the restructuring. He pointed out that the cost of providing equivalent functions in Bratislava and Vietnam was "significantly lower."

Majcen denied that there was a direct link between the restructuring and the downturn in the cryptocurrency market. He said Bitcoin Suisse has sufficient buffer space to cope with the current period, but as a privately owned company, the company has not released financial data to support this assessment.

Global expansion strategy and new license approved

Bitcoin Suisse is accelerating its international expansion with the adjustment of its operating focus. During 2026, the company expanded its regulatory footprint in Europe, the Middle East and Bermuda:

• Liechtenstein: In June, Liechtenstein's Financial Markets Authority (FMA) issued a license allowing Bitcoin Suisse Europe AG to provide crypto asset services under the framework of the European Union's Crypto Asset Markets Regulation (MiCA). The authorization covers the entire European Economic Area through a passport mechanism and is mainly open to institutional investors, professional clients and high net worth individuals.
• Abu Dhabi: In July, Bitcoin Suisse's Middle East subsidiary BTCS Middle East received a financial services license from the Abu Dhabi Global Markets Financial Services Regulatory Authority (FSRA). The license covers virtual asset trading and custody services for eligible customers, and plans to develop hedging products and tokenized assets.
• Bermuda: Bitcoin Suisse International has obtained a Class F license under the Digital Assets Business Act and an independent investment business authorization to support its planned services to international customers.

Business transformation: From cryptocurrency brokerage to wealth management

Since its establishment in 2013, Bitcoin Suisse's initial business has centered around cryptocurrency brokerage and custody, and subsequently expanded to pledge, lending and institutional digital asset products. Today, management's goal is to serve wealthy private clients, family offices, asset managers and financial institutions, providing wealth management services beyond cryptocurrencies.

Majcen emphasized,"After international growth, we prioritize global expansion." Although the company has issued tokenized bonds through the Obligate platform to raise funds for its lending business, and does not rule out the possibility of making acquisitions in Switzerland, there is currently no specific M & A target or transaction announcement. In addition, since the company is not listed on the stock exchange, its stock price cannot reflect the market reaction, and the company has not released current revenue, profit or valuation data along with the restructuring announcement.

Subsequent impacts and uncertainties

Although the reorganization involved the loss of a large number of Swiss jobs, management made it clear that it would not leave Switzerland. Zug will continue to serve as the legal and operational headquarters, maintaining the company's relationships with domestic customers and core management. However, whether to include client-facing positions, compliance departments or executive positions is still within the final determination, and the results of consultations after September 20 may change the number or distribution of job cuts.