Spyker joins W Group: WhiteBIT founder acquires stake in iconic Dutch supercar brand

Volodymyr Nosov, the founder and president of W Group and WhiteBIT, has acquired a stake in Spyker Cars, the Dutch ultra-luxury automaker known for handbuilt supercars and aviation-inspired design. The deal brings W Group’s first major foothold in physical manufacturing, extending the group’s reach beyond crypto and fintech.

Spyker will become part of the W Group ecosystem as a result of the transaction, with both companies announcing plans to launch a joint venture called Spyker Digital – a technology arm focused on digital ownership solutions and blockchain infrastructure for the premium automotive market.

Nosov on the deal: “personal and strategic”

Nosov described the investment in personal terms. He’s been collecting rare cars for years and said he has long followed the Spyker brand specifically. “Becoming a co-owner of Spyker is both a personal and strategic investment,” he said, adding that the goal is to preserve what makes the brand distinctive while helping it reach a broader global market.

Specific products have not been announced, but the companies say Spyker Digital will focus on blockchain-based ownership and tokenization concepts for the automotive sector.

Spyker’s long road back

Spyker has had a turbulent recent history. The company went through financial difficulties and ownership changes over the past decade, but has been working toward a comeback under founder and CEO Victor Muller.

Muller welcomed the deal, pointing to the response to the recently announced Spyker C8 Preliator XXV as evidence that demand for the brand is still very much alive. 

“With Volodymyr Nosov and W Group joining us as partners, we gain not only long-term strategic support, but also access to technologies and expertise that will help us build the next chapter of the Spyker story,” he said.

Pebble Beach debut in August

The new C8 Preliator XXV is the centerpiece of that comeback. It runs a twin-turbocharged V8 producing 800 bhp without hybrid assist, with a claimed top speed of 350 km/h (217 mph).

The car is set to make its public debut at The Quail in Carmel, California on August 14, followed by a display on the Concept Car Lawn at the Pebble Beach Concours d’Elegance two days later. Both events sit at the top tier of the global luxury automotive calendar, which makes the timing deliberate: this is Spyker staking its claim to be taken seriously again.

W Group beyond fintech

W Group has built its identity around WhiteBIT exchange, currently the largest European crypto exchange by traffic, with over 900 trading pairs and 35 million users across 150 countries. Partners include Visa, FC Barcelona, and Juventus FC.

Until now, the group has operated entirely within digital infrastructure. The Spyker deal is its first step into an industry where the product is physical, scarce, and built by hand. W Group says it wants to apply blockchain infrastructure to industries that already produce and manage physical assets.

Spyker by the numbers

Founded in 1880 in the Netherlands, Spyker has a history that stretches well beyond supercars. The company built the world’s first four-wheel-drive vehicle in 1903, manufactured aircraft during World War I, and later competed in Formula One and the 24 Hours of Le Mans. Today, all vehicles are produced in extremely limited numbers, to individual commission.

No production figures or pricing for the C8 Preliator XXV have been disclosed at this stage.