Soluzione Tasse like Tesla and Microstrategy: Will Deploy up to 9% of Treasury in Crypto
Soluzione Tasse Group was created in 2016 and currently is the reference point for tax consulting for PMi in Italy, with a turnover of over $28.4 million (€25 million) and 450 employees and collaborators. Up to 9% of the company’s treasury (equal to approximately one million euros) will be deployed in cryptocurrencies.
The Board of Directors of Soluzione Tasse S.p.A. (Soluzione Tasse), a company at the head of a group active in the field of business consulting to Italian SMEs, listed on the Euronext Growth market of the Italian Stock Exchange, has resolved to employ up to 9% of the company’s treasury (equal to approximately one million euros) in cryptocurrencies and to allocate most of it to the purchase of stablecoins in order to obtain average returns of more than 10-15% on an annual basis.
From 01/01/2022 all the companies in its group have started to accept cryptocurrencies among the forms of payment and Soluzione Tasse intends to position itself as the first listed company in Italy, and among the first in Europe, to move part of its treasury into cryptocurrencies, after closing a new record year with revenues amounting to about $30.6 million (€27 million) (+ 42.59% on 2020) and an EBITDA of about $2.95 million (€2.6 million) (about + 90% on 2020).
Read more on the subject and find the latest business headlines with the born2Invest mobile app.
Soluzione Tasse follows in the steps of Tesla and Microstrategy
The decision follows in the footsteps of the successful experiences of other large, world-renowned companies such as car manufacturer Tesla, fashion house Philippe Plein and business intelligence company Microstrategy, among the largest holders of Bitcoin in the world.
Gianluca Massini Rosati, president of Soluzione Tasse Spa, commented: “In a historical period in which banks apply negative interest and real inflation is the highest in the last 40 years, careful treasury management is essential to avoid losing purchasing power and make the most of one’s financial resources. Virtual currencies are moving faster and faster towards total regulation and this will encourage their mass adoption. Therefore, it will be increasingly necessary for businesses to rely on competent professionals to comply with the complex regulatory compliance of financial instruments in the new economy. Soluzione Tasse is able to do this, and with the birth of the Crypt&Co. division intends to seize this great market opportunity.”
Soluzione Tasse will also position itself as a leading consulting firm throughout Europe for tax compliance in this sector. A market that today, according to data provided by Statista, sees in Europe more than 66 million active users, of which 4.8 in Italy, without counting the growing diffusion of NFT.
In this path, the Company will take advantage of the collaboration of two key technological partners: Anubi Digital, an Italian startup and one of the first companies in the world to guarantee a regulated and institutional approach to DeFi, and Xriba, part of the group, which, thanks to its artificial intelligence, is able to reconcile the transactions of all the exchanges and all the cryptocurrency wallets within the accounting and to prepare the reports necessary for the tax return of individuals and companies.
About Soluzione Tasse
Soluzione Tasse Group was created in 2016 and currently is the reference point for tax consulting for PMi in Italy, with a turnover of over $28.4 million (€25 million) and 450 employees and collaborators. Every day it works to offer at a sustainable cost even for SMEs the same tools and solutions for business management and development normally in the budget of large companies and multinationals.
Soluzione Tasse in addition to the tax division, where a pool of 35 specialized professionals with complementary skills helps entrepreneurs and professionals to streamline the tax burden, has also launched Corporate Credit, a credit broker regularly enrolled OAM that allows companies to obtain more credit, in less time and with better conditions, and since last year has also launched Quantico Business Club where entrepreneurs have access to a physical and virtual meeting place to develop their network, share experiences and know-how and come in contact with a team of strategic consultants.
(Featured image by Photospirit via Pixabay)
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in Crowdfunding buzz, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
Consolidation of the Fintech Sector Reinforces Mastercard’s Commitment to the Sector
Mauricio Schwartzmann, CEO of Mastercard Mexico, stressed that the firm's involvement with financial technology is long-term and goes hand in...
Canal de Isabel II Accelerates Towards Energy Self-Consumption
Canal de Isabel II will switch from the then state-of-the-art Pelton turbines of 1913 to producing green hydrogen from reclaimed...
Dogecoin: Doge Whales Return Due to Bullish Metrics
In the short term, Dogecoin is encountering its first major resistance at $0.075, although a larger obstacle lies at $0.08....
Exit for Kippy, which Had Closed Two Equity Crowdfunding Rounds
Kippy recently participated in the third batch of the A-Road acceleration and fundraising program which, through ongoing training and mentorship...
Laminar Pharma Opens a €5 Million Round through Capital Cell
Looking ahead to 2024, the group plans to reach break-even, when the European Medicines Agency approves its drug against glioblastoma,...
Featured1 week ago
Invitalia’s Funding for Sustainable Projects
Crowdfunding2 weeks ago
Yeldo Crowd Closes its First Campaign with €2.5 Million Raised
Featured3 days ago
Debt Ceiling Wars Again: Will the US Fall into Recession
Biotech1 week ago
Mikrobiomik Seeks Up to €3 Million in One Financing Round