The formation of isolable monatomic Bi I complexes and Bi II radical species is challenging due to the pronounced reducing nature of metallic bismuth. Here, we report a convenient strategy to tame Bi I and Bi II atoms by taking advantage of the redox noninnocent character of a new chelating bis(germylene) ligand. The remarkably stable novel Bi I cation complex 4, supported by the new bis(iminophosphonamido-germylene)xanthene ligand [(P)Ge II (Xant)Ge II (P)] 1, [(P)Ge II (Xant)Ge II (P) = Ph 2 P-(NtBu) 2 Ge II (Xant)Ge II (NtBu) 2 PPh 2 , Xant = 9,9-dimethyl-xanthene-4,5-diyl], was synthesized by a two-electron reduction of the cationic Bi III I 2 precursor complex 3 with cobaltocene (Cp 2 Co) in a molar ratio of 1:2. Notably, owing to the redox noninnocent character of the germylene moieties, the positive charge of Bi I cation 4 migrates to one of the Ge atoms in the bis(germylene) ligand, giving rise to a germylium(germylene) Bi I complex as suggested by DFT calculations and X-ray photoelectron spectroscopy (XPS). Likewise, migration of the positive charge of the Bi III I 2 cation of 3 results in a bis(germylium)Bi III I 2 complex. The delocalization of the positive charge in the ligand engenders a much higher stability of the Bi I cation 4 in comparison to an isoelectronic two-coordinate Pb 0 analogue (plumbylone; decomposition below −30 °C). Interestingly, 4[BAr F ] undergoes a reversible single-electron transfer (SET) reaction (oxidation) to afford the isolable Bi II radical complex 5 in 5[BAr F ] 2 . According to electron paramagnetic resonance (EPR) spectroscopy, the unpaired electron predominantly resides at the Bi II atom. Extending the redox reactivity of 4[OTf] employing AgOTf and MeOTf affords Bi III (OTf) 2 complex 7 and Bi III Me complex 8, respectively, demonstrating the high nucleophilic character of Bi I cation 4.