From GlobeNewswire: 2024-05-14 01:00:00

CoinShares reports a record-breaking first quarter, with a 216% increase in revenue, profits, and other income compared to the previous year. Adjusted EBITDA increased four-fold, while total profit increased by 11 times. This marks their strongest quarter ever. Q1 revenues reached £43.9 million, adjusted EBITDA was £34.2 million, and total profit was £34.1 million.

In Q1 2024, CoinShares completed the successful acquisition of Valkyrie’s ETF business, enhancing their global market presence. The Asset Management division saw strong inflows, especially from CoinShares Physical assets, contributing significantly to the overall managed capital. Capital Markets & Hedge Fund Solutions division showed robust performance with active market trading. The board approved a dividend policy for 2023.

The full report detailing CoinShares’ Q1 2024 performance, including financial information for all business units, is available online. The company’s strong financial results reflect successful acquisitions and strategic growth initiatives, positioning CoinShares as a key player in the global market. CoinShares specializes in digital asset investment management, trading, and securities services for clients worldwide, with a focus on cryptocurrency since 2013. They are listed on Nasdaq Stockholm and OTCQX.



Read more at GlobeNewswire:: CoinShares tillkännager resultat för första kvartalet 2024: