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Gurhan Kiziloz confirms he has $100b in sight for Nexus International

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$1.2b revenue mark is just the start: Gurhan Kiziloz confirms he has $100b in sight for Nexus International - 2

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Nexus International hits $1.2 billion revenue as billionaire Gurhan Kiziloz sets sights on $100 billon long-term growth.

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$1.2b revenue mark is just the start: Gurhan Kiziloz confirms he has $100b in sight for Nexus International - 2

Summary

  • Nexus International hits $1.2b revenue as founder Gurhan Kiziloz targets $100b without outside investors.
  • After five bankruptcies, Gurhan Kiziloz has built a $1.2b revenue empire while retaining full ownership.
  • Spartans.com’s casino-only strategy powers Nexus growth, avoiding dilution while competing with Stake and bet365.

Gurhan Kiziloz, the self-made billionaire behind Nexus International, is not one to celebrate mid-journey. His company just crossed $1.2 billion in annual revenue for 2025, triple its 2024 performance, and yet he’s already thinking ten steps ahead. “We’re not calling $1.2 billion a milestone,” Kiziloz said in a recent interview. “There’s much more scale to build. I’d call $100 billion a turning point. That’s where we’re going.”

For most founders, that kind of revenue would signal a peak. For Kiziloz, it barely registers as a checkpoint. The entrepreneur who once faced five bankruptcies is now the sole owner of a company that competes with billion-dollar operators, without raising a single dollar in venture capital. And he’s openly stating that $100 billion is the number that will define his long-term ambition.

The numbers are clear. In 2024, Nexus International reported $400 million in revenue. By the end of 2025, that number hit $1.2 billion. The 200% year-on-year increase marks the largest single-period growth in the company’s history and puts it firmly in the league of mid-sized global operators.

But what makes Nexus different isn’t just the scale, it’s the structure. The company has no external investors. Every dollar used for growth comes from retained earnings. Kiziloz has maintained full ownership of the parent company throughout this expansion, bypassing the equity dilution that usually follows hypergrowth.

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The biggest contributor to Nexus’s revenue explosion is Spartans.com, a casino-only gaming platform that goes head-to-head with names like Stake and bet365. Unlike most competitors, Spartans.com doesn’t combine casino and sportsbook offerings. It’s intentionally focused, designed to dominate the casino niche rather than spread thin across multiple verticals.

In 2025 alone, Spartans.com absorbed $200 million in platform reinvestment, every cent funded internally. This operational discipline has become a hallmark of the Nexus playbook: scale only when the existing product is cash-generative, and never dilute ownership to fuel expansion.

The remaining portfolio includes Megaposta, a licensed Latin American brand, and Lanistar, a platform tailored for Europe. While both contribute to the overall structure, Spartans remains the driving force behind the company’s financial ascent.

What makes Kiziloz’s model unique isn’t just that he avoided venture funding. It’s how he used that constraint as a structural advantage. Without external capital, there’s no boardroom politics, no investor timelines, and no incentive to inflate short-term metrics for the sake of fundraising optics. Decisions are made fast, costs are tightly controlled, and accountability rests entirely with Kiziloz and his internal team.

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The numbers reflect that clarity. The company reinvested $200 million in 2025 into tech, compliance, and platform architecture, without tapping into credit lines or private equity. That’s rare in a sector where expansion is almost always debt- or dilution-fueled.

It’s easy to misread Kiziloz’s $100 billion target as bravado. But for him, it’s about building a durable model that doesn’t depend on narrative cycles or temporary hype. The $1.2 billion revenue mark is a milestone, yes, but it’s not the story. The story is that he got there without giving up ownership, without artificial growth, and without compromising execution standards.

“I think the future of high-scale businesses will look more like this,” he said. “You don’t need to raise to grow. You need to build things that work and keep control while doing it.”

That approach stands in contrast to most of today’s unicorns, many of which are propped up by billions in funding with no clear path to profitability. Nexus has already crossed the profitability line. And it’s doing so with a product-first, capital-efficient mindset that remains rare, especially in online gaming.

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Nexus has not issued public guidance for 2026, nor has it broken down revenue by platform or geography.  Kiziloz’s philosophy is not to speculate forward but to let operational output speak for itself.

But if past performance is any indication, Nexus International is not slowing down. With Spartans.com driving volume, and Megaposta continuing to benefit from early market entry in Brazil, the company’s momentum is clear. And unlike its competitors, Nexus doesn’t have to wait for board approvals or capital calls to deploy that momentum.

The result is a structure that moves faster, adapts more precisely, and scales without compromise.

Gurhan Kiziloz’s story isn’t clean or conventional. He went bankrupt five times before finding the formula that stuck. That formula was simple: eliminate what doesn’t work, double down on what does, and keep ownership at all costs.

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Today, with a $1.7 billion personal net worth and a business generating $1.2 billion annually, the math proves that approach works. But for Kiziloz, it’s still early.

Because the goal was never just survival. The goal, as he says, is to reach the turning point. And that number is $100 billion.

This article was prepared in collaboration with BlockDAG. It does not constitute investment advice.

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Bitcoin’s Rollercoaster Ride Continues as BTC Price Recovers $10K in a Day

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BTCUSD Feb 6. Source: TradingView


Bitcoin’s price jumped past $71,000 minutes ago, while XRP and other altcoins have produced massive double-digit daily gains.

What a ride it has been in the cryptocurrency space lately. The quick and sharp moves continue as of press time, as BTC has skyrocketed to over $71,000 just less than a day after it dipped to $60,000.

The altcoins are well in the green now on a daily scale, and the total crypto market cap has increased by roughly $200 billion since its low from earlier this morning.

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BTCUSD Feb 6. Source: TradingView
BTCUSD Feb 6. Source: TradingView

Bitcoin’s price chart from above paints a very clear and volatile picture. It shows that the cryptocurrency plummeted by roughly $30,000 in the span of just over a week – from last Wednesday to Friday morning.

As reported earlier today, popular analysts blamed this latest crash, in which bitcoin dropped from $77,000 to $60,000 in about 24 hours, to emotional selling and structural change rather than broken fundamentals within BTC and the crypto market.

Since then, BTC has gone on a tear. It added over $10,000 since this morning’s multi-year low, and briefly surpassed $71,000 minutes ago before it was stopped and now trades inches below it.

The altcoins have produced even more impressive gains, with XRP leading the pack. Ripple’s cross-border token has soared by 19% daily to over $1.50 as of press time, while ETH has reclaimed the psychological $2,000 level.

The total value of wrecked positions daily is still over $2 billion, but most of it is from longs, which happened before today’s recovery. Nevertheless, over $350 million worth of shorts have been wrecked in the past 12 hours, with BTC responsible for the lion’s share ($261 million).

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Liquidation Data on CoinGlass Feb 6.
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Bitcoin gets slashed in half. What’s behind the crypto’s existential crisis

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Bitcoin tumbled toward $60,000 this week as investors reassessed its utility. And while there isn’t one clear catalyst driving the bloodbath, one thing is clear: the crypto market is in crisis. 

“There’s nothing going on in the marketplace that should have necessitated this type of a crash,” Anthony Scaramucci, founder and managing partner of alternative investment firm SkyBridge, told CNBC. “And so I think that’s made people, frankly, more fearful. … You have to ask yourself, ‘is it over for bitcoin?’”

Bitcoin fell as low as $60,062 on Thursday, bringing it to its lowest level since Oct. 11, 2024. That’s more than 52% off from its record high of $126,000 hit in early October 2025.  

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The previous session marked one of bitcoin’s bloodiest ever, with the token shedding more than 15% on the day. Its daily relative strength index fell to 18, putting the asset in extremely oversold territory. As of Thursday, other digital assets like ether and solana were also down 24%  and 26% for the week to date, respectively — a sign investors’ confidence in the entire crypto market is faltering.

Bitcoin bounces, but losses loom large

Bitcoin was rebounding on Friday, with the token last trading at $69,631.97, up more than 9% on the day.

But, its recent drawdown has prompted investors to re-evaluate its utility, including its role as a digital currency or as a store of value. Simultaneously, institutional appetite for the flagship crypto appears to be waning as spot bitcoin exchange-traded funds record outsized outflows, threatening to drive bitcoin deeper into the red. 

“This time is markedly different from other bear markets, however, in that it’s not in response to a structural blowup,” Jasper De Maere, desk strategist at crypto market-making firm Wintermute, said in a statement shared with CNBC. “It’s a fundamentally macro-driven deleveraging tied to positioning, risk appetite and narratives rather than systemic failures within crypto itself.”

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Bitcoin prices over the past year

Over the past few months, investors have grown increasingly skeptical of efforts to recast bitcoin as “digital gold,” or an alternative to traditional safe havens such as gold. Bitcoin is down 28% over the past 12 months, while gold is up 72% during the same period — a testament to the latter’s utility as a hedge against macro risks.

Conversely, bitcoin has often traded down alongside other risk-on assets such as equities amid periods of high macroeconomic and geopolitical uncertainty, raising doubts about its utility as a safe haven. Nearly a week after Trump’s “liberation day” tariff announcement on April 2, 2025, bitcoin had fallen about 10% to below $80,000, while the S&P 500 had declined roughly 4%. 

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Separately, investors are also reassessing the extent to which financial institutions, treasury firms and governments are willing to adopt bitcoin — a major catalyst for the token in recent years. 

Large institutional outflows are mounting as investors brace for bitcoin to go lower, thinning liquidity for the token, according to a recent analyst note from Deutsche Bank.

Those outflows are also noticeable among spot bitcoin ETFs in recent months, according to the investment firm. The funds have seen outflows of more than $3 billion in January, in addition to roughly $2 billion last December and about $7 billion last November.

Additionally, a swath of Strategy copy-cats that emerged over the past year or so have slowed or paused their bitcoin purchases amid the digital asset’s correction.

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Finally, traders have acknowledged that long-time efforts to market bitcoin as an alternative to fiat currencies have largely faded. While Steak ‘n Shake and Compass Coffee have rolled out support for bitcoin payments in recent years, initiatives to make the asset a form of payment have largely died, particularly as interest in dollar-pegged stablecoins grows, according to Bitwise’s Ryan Rasmussen. 

“We’re seeing Wall Street adopt stablecoins because it is a fundamental transformation of the way payments work, and bitcoin is just a different asset. It’s not meant for that today,” Rasmussen said, arguing that the token’s purpose has evolved from that of a currency to a decentralized, non-governable store of value. “I’ve never paid for coffee or a sandwich with Bitcoin, and I never will.”

And beyond those more immediate concerns, investors are also increasingly worried that bitcoin’s underlying network could be hacked, driving the token to zero. 

“It certainly is a risk that is seeing more attention from investors as they’re getting more worried about [it], and I think you’re seeing a little bit of that risk priced into bitcoin,” Rasmussen said.

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He noted that Bitwise has allocated funds toward efforts to mitigate the threat from quantum computing.

Nevertheless, traders’ appetite for bitcoin has largely dwindled, denting its price. That’s true even as long-time believers are still proudly betting on bitcoin, despite of the charts and the naysayers. 

“I believe that the story is intact,” said Scaramucci, adding that he bought bitcoin for his fund on Thursday. “But, I don’t have a crystal ball. … Who the hell knows.”

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PBOC Officially Bans ‘Unapproved’ Yuan-Pegged Stablecoins

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China, Yuan, Peoples Bank of China, Stablecoin, CBDC

The People’s Bank of China (PBOC), the country’s central bank, and seven Chinese regulatory agencies published a joint statement on Friday banning the unapproved issuance of Renminbi-pegged stablecoins and tokenized real-world assets (RWAs).

The ban applies to both domestic and foreign stablecoin and tokenized RWA issuers, according to the statement, which was also signed by the Ministry of Industry and Information Technology and China’s Securities Regulatory Commission. A translation of the announcement said:

“Stablecoins pegged to fiat currencies perform some of the functions of fiat currencies in disguise during circulation and use. No unit or individual at home or abroad may issue RMB-linked stablecoins without the consent of relevant departments.”

Winston Ma, an adjunct professor at New York University (NYU) Law School and former Managing Director of CIC, China’s sovereign wealth fund, told Cointelegraph that the ban extends to the onshore and offshore versions of China’s Renminbi, also called the yuan.