Company
Sustainability
What sustainability means for a listed company without an operating business — and what it does not.
Starting point
We describe what we actually control.
Nakiki SE is a listed company without an operating business. It runs no production, no logistics and no branch network. Its activity consists of holding Bitcoin as a core asset, funding that build-up through the capital market and reporting on it.
That determines what this page contains. We describe the areas we control ourselves: governance, disclosure and our own operations. Separately, we name the area we do not control: the electricity consumption of the Bitcoin network. And we leave out statements for which we have no evidence.
What we control
Governance, disclosure, own operations.
- 01
Governance
The Management Board and the Supervisory Board are separately staffed. On 21 April 2026, the extraordinary general meeting elected a new Supervisory Board with 100 per cent of the votes cast. A Code of Conduct governs, among other things, conflicts of interest, anti-corruption, fair competition and the handling of reports.
Source: Corporate news of 21 April 2026: resolutions of the general meeting, election of the supervisory board · As of:
- 02
Disclosure
Key figures appear on this website only with an as-of date and a source. The company publishes Bitcoin holdings exclusively via capital-market announcements. Annual financial statements, half-year reports, regulatory announcements and the articles of association are available in full.
- 03
Own operations
Our own operations are small: one location in Frankfurt am Main, no production, no vehicle fleet, no data centre. This website sets no cookies and uses no tracking services. It targets the WCAG 2.2 AA standard; the accessibility statement names the known limitations.
What we do not control
Bitcoin and energy.
Nakiki SE holds Bitcoin. It operates no mining, no data centres and no power plants.
The Bitcoin network consumes electricity. The Cambridge Centre for Alternative Finance estimates the network's consumption at around 138 terawatt hours per year, roughly 0.5 per cent of global electricity consumption. The same survey estimates the share of sustainable energy sources in mining at 52.4 per cent, but relies on voluntary data from 49 companies covering around 48 per cent of global computing power.
We state both figures because they belong to the subject, not as a justification. As a holder, Nakiki SE has no influence on the energy used to run the network. It therefore derives no statement about the environmental impact of its own holdings from these estimates.
Source: Cambridge Centre for Alternative Finance, Cambridge Digital Mining Industry Report, 28 April 2025 ↗ · As of:
Regulatory position
No statutory reporting duty — here is why.
Nakiki SE is currently not subject to any statutory sustainability reporting duty. The position below names the frameworks that could apply and the reason in each case.
- CSRD / ESRS
- Not applicable. Directive (EU) 2026/470 entered into force on 18 March 2026 and must be transposed by 19 March 2027. It limits the scope to companies with more than 1,000 employees and more than €450 million in net revenue; both criteria must be met at the same time. Nakiki SE does not meet them.
- Non-financial statement (§ 289b HGB)
- Not applicable. The provision requires a large corporation with more than 500 employees.
- EU Taxonomy (Article 8)
- Not applicable. The disclosure obligation is tied to the scope of sustainability reporting.
- MiCA
- Not applicable to holding Bitcoin. The obligation to disclose sustainability indicators applies to providers of crypto-asset services and issuers, not holders.
- SFDR
- Not applicable. The regulation is addressed to financial market participants and financial advisers.
Should the size criteria, the business model or the scope of application change, the company will reassess its reporting obligations.
Position as of 22 September 2026.
Scope
What this page does not contain.
No disclosures on supply chains, production or biodiversity. The company has no such activities.
No greenhouse gas inventory. No reliable data collection exists for an inventory under the Scope 1 to 3 categories.
No offset payments and no claim of climate neutrality.
No ESG rating, no certification, no label.
These points will be added once they have a reliable basis.
Disclaimer
This website contains forward-looking statements based on the Management Board's current assumptions and assessments. Such statements do not constitute any forecast, commitment or guarantee; actual developments may differ materially. There is no obligation to update.
The contents of this website do not constitute an offer or solicitation to acquire securities, nor investment advice.