Bitcoin Suisse to cut up to 60 Swiss jobs in international restructuring

Swiss crypto firm Bitcoin Suisse announces plans to cut up to 60 of its 120 positions in Switzerland and close its Copenhagen IT site. The restructuring, subject to a staff consultation ending September 20, 2026, aims to transition the firm into an international financial services group. CEO Andrej Majcen highlights cost efficiency as a key driver, with software development and back-office functions consolidating in lower-cost hubs in Bratislava and Vietnam, while wealth management remains in Zug.

Swiss workforce reduction

• ▪Bitcoin Suisse announced plans on September 11, 2026 to eliminate up to 60 of its 120 positions in Switzerland as part of an international reorganization.
• ▪The final number of Swiss job cuts at Bitcoin Suisse remains subject to a staff consultation process scheduled to run until September 20, 2026.
• ▪Bitcoin Suisse plans to retain its global headquarters and the center of its wealth management business in Zug, Switzerland despite the proposed workforce reductions.

International hub expansion

• ▪Bitcoin Suisse will close its IT development office in Copenhagen, Denmark as part of its international restructuring.
• ▪Bitcoin Suisse will continue to utilize its existing international operating hub in Bratislava, Slovakia to consolidate software development and administrative functions.
• ▪Bitcoin Suisse plans to establish a new international operating hub in Vietnam to handle software development and back-office capabilities.

Cost reduction strategy

• ▪Bitcoin Suisse CEO Andrej Majcen stated that operating software development and back-office services in Bratislava and Vietnam is significantly less expensive than in Switzerland.
• ▪Bitcoin Suisse CEO Andrej Majcen stated that the restructuring was not a response to weakness in the crypto market, but part of a strategy to expand internationally.

Cryptocurrency custody services

• ▪In March 2021, Bitcoin Suisse withdrew its application for a Swiss banking license after the Swiss Financial Market Supervisory Authority indicated approval was unlikely due to weaknesses in anti-money laundering controls.
• ▪Bitcoin Suisse held 3 billion Swiss francs in crypto assets under custody and reported 95 million Swiss francs in equity as of January 2026.

Global regulatory licensing

• ▪Bitcoin Suisse secured regulatory licenses in Liechtenstein and Bermuda in early 2026, and its Middle East subsidiary received full regulatory approval in Abu Dhabi in July 2026.
• ▪Bitcoin Suisse maintains active offices in Liechtenstein, Abu Dhabi, and Bermuda alongside its Swiss headquarters and European hubs.