Insiders Trades
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Nakiki SE Stock: price and insider trades · Germany
No insider purchase over the last 90 days. The latest was filed 06 Aug 2025.
Nakiki SE: what insiders have been doing
Nakiki SE is a Finance & Banking company. Its directors and officers file their transactions with BaFin. The last twelve months, up to 18 October 2026, brought 2 filings signed by 1 insider.
The flow runs one way only: 1 sale worth €92k, from 1 insider, and no purchase. Biggest ticket of the year: €92k, sold by Wegerich UG and made public on 28 April 2026 (6.8% of market cap).
A sale on its own says little: insiders also sell to pay tax, fund a purchase or diversify.
With 2 filings in twelve months, the company is quieter than the median of 5 filings across the 287 companies we follow on the same exchange. Over the whole record (from 2025), the tally stands at 1 purchase and 1 sale.
For comparison within the same sector, see the insider buying recorded at First Guaranty Bancshares, Inc. and BCB Bancorp Inc. These figures are compiled from regulatory filings published by BaFin. They describe what insiders did and are not a recommendation.
Insider Decl.
6
Thresholds
n/a
Buy Volume
€150,000
1 ops. · all time
Sell Volume
€91,800
1 ops. · all time
Who traded when
BuySaleWegerich UG1 buy1 sale
Since the insiders bought
- -81.0%Entry €0.84 · Close at T+365 €0.16
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
Financial data
as of FY 2021FY ended December 2021 · cache
€0.21
Analyst consensus
Income statement
Revenue€52.1M
Gross profit€10.2M20% margin
EBITDA-€8.7M-17% margin
Net income-€13.5M-26.0% margin
Balance sheet & cash
Market cap€1.8M
Total debt€1.6M
Free Cash Flow-€10.4M
Last declaration on 28 April 2026
Declarations6 total
270,000 shares@ €0.346.81% mcap38.0% of flowShareISIN DE000WNDL300BAFIN:40023247-39ffd6e72ea2
ShareISIN DE000WNDL300BAFIN:40023247-baea57b4810f
100,000 shares@ €1.5062.0% of flowShareISIN DE000WNDL300BAFIN:40023247-370209e8c7f1
Canonical exit: 27 Oct 2025 (T+90)
ShareISIN DE000WNDL300BAFIN:40023247-832e5910c1e9
0ShareISIN DE000WNDL300BAFIN:40023247
0ShareISIN DE000WNDL300BAFIN:40023247-2bfc3b38f19d
6 of 6 declarations
About Nakiki SE
Nakiki SE is a German listed company traded on Xetra/Frankfurt (DAX/MDAX/SDAX) under ticker WDL1.DE, with its registered base in Frankfurt am Main, Germany. The company’s corporate history was originally anchored in legal finance, notably litigation financing through its former Legal Finance SE platform and related entities. Over 2025 and 2026, however, Nakiki SE materially changed course: recent company disclosures state that it sold its Legal Finance SE stake in late December 2025 and is now pursuing a strategic transformation into a Bitcoin treasury company, with implementation scheduled to begin operationally in 2026.
From an investor’s perspective, this makes Nakiki SE less of a conventional operating business and more of a balance-sheet-driven special situation. Its current investment case is built around treasury allocation, capital structure execution, and the long-term holding of Bitcoin as the core asset on the balance sheet. That places the company in a niche competitive category within the German listed universe, where publicly traded Bitcoin treasury plays remain limited. The competitive edge is therefore not based on broad industrial scale, but on the ability of management to secure financing, execute corporate actions, and communicate a credible treasury strategy to the market.
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Historically, Nakiki SE’s business lines were connected to litigation funding, which gave it exposure to legal-claims monetization and related financial structuring. The latest strategic communications indicate a clear pivot away from that legacy model and toward a “pure” Bitcoin treasury framework. Recent market-facing milestones include the disposal of the legacy legal finance stake, capital market transactions, and shareholder approvals supporting the new direction. The company has also highlighted that it is positioning itself as Germany’s first pure Bitcoin treasury company, meaning a firm whose core balance sheet consists of long-term Bitcoin holdings as treasury assets.
The company’s presence is primarily domestic, centered in Germany with corporate headquarters in Frankfurt am Main and stock market visibility on Xetra/Frankfurt (DAX/MDAX/SDAX). For French, Belgian, and Swiss investors, Nakiki SE is best understood as a small-cap German special situation: high narrative momentum, significant execution risk, and a valuation framework that will likely be driven more by Bitcoin exposure, capital market actions, and governance developments than by traditional operating KPIs. Its recent news flow has been dominated by strategic repositioning rather than recurring revenue growth, making it a highly event-driven name in the German equity market.
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