Swan Bitcoin, a leading Bitcoin platform, has announced the acquisition of Specter Solutions, a prominent self-custody solutions provider for Bitcoin users. This strategic move allows Swan Bitcoin to further align itself with core Bitcoin principles, emphasizing open source and privacy-oriented tools to enhance the security of Bitcoin holdings. By integrating Specter Solutions into its operations, Swan Bitcoin aims to support its mission of helping millions of individuals achieve freedom, prosperity, and self-sovereignty through Bitcoin ownership.

With its exceptional education and product teams, Swan Bitcoin has established itself as a trusted platform for onboarding various entities to Bitcoin, including individuals, corporations, trusts, financial advisors, and employers. The company encourages self-custody through free and automatic withdrawals, fosters long-term thinking with automated savings plans, and provides ongoing education to promote the value of holding Bitcoin keys.

The launch of the new Specter Labs division will enable Swan Bitcoin to offer end-to-end services on clients’ Bitcoin journeys, catering to both beginners and self-sovereign Bitcoiners. By integrating Specter’s leading self-custody solution and other tools, Swan Bitcoin strives to deliver a seamless and comprehensive Bitcoin experience.

The acquisition is mutually beneficial, as Specter’s co-founder and CEO, Moritz Wietersheim, expressed strong alignment with Swan Bitcoin’s vision. Specter’s products and tools complement Swan Bitcoin’s offerings, fortifying their joint commitment to advancing the Bitcoin ecosystem.

To ensure transparency and maintain Specter’s open-source nature, Swan Bitcoin will provide engineering support and some product direction. Specter’s open-source desktop project will continue to operate independently from Swan Bitcoin and will not feature default network connections or customer identification features. Specter takes user privacy seriously and does not track users unless they explicitly opt into labeled integration features.

Swan Bitcoin highlights that the Specter desktop client can be used independently or in conjunction with its platform based on user preferences. The Specter Desktop wallet will remain an open-source project under the existing MIT License.

This acquisition is a significant milestone for Swan Bitcoin as it strengthens its position in providing the industry’s best end-to-end Bitcoin journey. With a focus on education, customer service, and accessibility, Swan Bitcoin is dedicated to helping people understand the potential of Bitcoin and its impact on the future of finance.

Swan Bitcoin is a platform committed to helping individuals understand Bitcoin and its implications for the future. The company offers valuable Bitcoin education and prides itself on providing excellent and accessible customer service. With Swan.com, users can accumulate Bitcoin through recurring and instant buys. Swan Bitcoin’s Private Client Services cater to high-net-worth individuals and entities looking to build generational wealth with Bitcoin. The company’s Advisor Services platform enables financial advisors to offer their clients direct exposure to Bitcoin securely. For more information, visit Swan.com.