The latest
financial report from CoinShares International Limited, a major European
alternative asset manager specializing in digital assets, highlights the
company’s impressive performance in the second quarter of 2023. According to
the report published today (Tuesday), the company’s revenue in Q2 2023 rose by £5
million to £20.3 million when compared to the same quarter in 2022.
The
financial results of the quarter ending on 30 June 2023 show a 33% growth in
quarter-on-quarter (QoQ) performance and an adjusted EBITDA of £12.8 million.
This marks CoinShares’ best quarter in over a year. The comprehensive income
for the quarter amounted to £5.3 million, a significant improvement from the
loss of £0.6 million recorded during the same period last year.
The Passive
Asset Management division was also productive during this quarter, generating
£10.6 million in management fees. They amplified their outreach efforts in
Germany and Switzerland through targeted events, educating potential investors
about cryptocurrencies and Exchange-Traded Products (ETPs).
Source: CoinShares
In terms of
operations, CoinShares has seen considerable progress in its asset management
business line. The newly established team is currently preparing its…
