CoinShares reports strong Q3 performance with focus on digital asset strategy and financial transparency

From GlobeNewswire: 2024-11-05 01:00:00

CoinShares International Limited has released its Q3 2024 results, focusing on strategy execution and accounting policy changes for digital assets. The company now records movements on digital assets at fair value through profit and loss, enhancing financial transparency. They also hold 78 BTC on their balance sheet as a treasury management instrument.

Financial highlights for Q3 2024 include Total Revenue, Gains & Other Income of £25.8 million, EBITDA of £15.4 million, and net profit of £14.2 million. Operational highlights feature the successful growth of the CoinShares Physical ETP platform and the launch of a new multi-asset ETP in partnership with finanzen.net.

CoinShares’ Capital Markets & Hedge Fund Solutions division is developing an equity long-short fund focused on crypto equities, while their Principal Investments portfolio saw positive developments despite a decrease in Q3. An accounting policy change for digital asset holdings aims to provide a more understandable view of financial performance.

CoinShares, a leading European investment company specializing in digital assets, delivers financial services across investment management, trading, and securities to corporations, financial institutions, and individuals. Regulated in Jersey, France, and the US, CoinShares is publicly listed on Nasdaq Stockholm and OTCQX. They are committed to enhancing financial transparency and performance in the digital asset space.



Read more at GlobeNewswire:: CoinShares Announces Q3 2024 Results