Volodymyr Nosov, founder and president of W Group and cryptocurrency exchange WhiteBIT, has acquired a significant stake in Dutch exclusive sports car manufacturer Spyker. The transaction was announced by both companies on 9 June, although the financial terms and the size of the acquired stake were not disclosed.
According to statements from the parties, the investment involves not only participation in the carmaker’s equity but also the integration of the Spyker brand into the W Group ecosystem. In this way, the Ukrainian entrepreneur is expanding the activities of his international holding beyond fintech and blockchain technologies by adding assets from the traditional industrial sector to its portfolio.
W Group said that the company is transforming from a primarily fintech and Web3 ecosystem into a diversified international holding that combines digital technologies and real assets. As part of this strategy, Spyker will become part of the group’s global ecosystem.
One of the key areas of cooperation will be the creation of Spyker Digital, a company that will develop digital infrastructure for the premium automotive segment. This includes the introduction of new services for customer interaction with the brand, as well as digital tools for managing and owning high-value assets.
Volodymyr Nosov described the transaction as both a personal investment and a strategic step for W Group. According to him, the partnership is aimed at preserving the legacy of the legendary brand and supporting its further development through modern technologies and expansion into new international markets.
Spyker founder and CEO Victor Muller said that customer interest in the new Spyker C8 Preliator XXV confirms demand for the brand’s return. According to him, cooperation with W Group will provide the company with access to new technologies and long-term financial support.
Spyker is considered one of Europe’s best-known niche manufacturers of luxury sports cars. The company was founded in the Netherlands in 1880, while the modern version of the brand was revived in 2000 by entrepreneur Victor Muller and engineer Maarten de Bruijn.
Despite the brand’s recognition, its production scale remains extremely limited. Since its revival in 2000, the company has produced only 265 hand-built cars. In 2009, Spyker sold 36 cars and generated revenue of €6.6 million, which was 16% lower than in the previous year.
The company’s latest published financial statements date back to 2012. At that time, revenue amounted to €6.1 million, operating loss stood at €13.8 million, and net loss reached €114 million. The company employed only 37 people.
Spyker’s history has repeatedly been marked by financial difficulties. After acquiring Swedish carmaker Saab from General Motors in 2010, the company faced serious problems and went bankrupt four years later. After resuming operations in 2015, the brand again filed for bankruptcy in 2022 due to unrealized investments from Russian businessman Vladimir Antonov.
A new stage in Spyker’s revival began in October 2025, when Victor Muller reached an agreement with bankruptcy trustees and regained control of all the company’s trademarks and intellectual property. This allowed preparations to begin for the resumption of car production.
The first model of the renewed Spyker will be the C8 Preliator XXV, with its official premiere scheduled for August 2026 at the prestigious automotive events The Quail and Pebble Beach Concours d’Elegance in California. The car will be equipped with an 800 hp twin-turbo V8 engine and will have a top speed of 350 km/h.
The Spyker transaction became one of the largest steps in the business diversification of Volodymyr Nosov and W Group, which were previously known primarily for the development of cryptocurrency exchange WhiteBIT and other digital assets. The investment also reflects the growing interest of technology entrepreneurs in combining digital technologies with traditional industrial brands and premium assets.
