CoinShares announced Q2 results for 2024, with revenue of £22.50 million in Q2, an increase of 110% compared to £10.70 million in Q2 2023. Other operational highlights include: CoinShares successfully completed the sale of its FTX debt on June 24, achieving a net brokerage fee collection rate of 116%, translating into a return of £28.70 million.
CoinShares' main investment in the quarter was significantly impaired in the quarter due to the bankruptcy of Swiss digital bank FlowBank SA, and the company has elected to impair the bank across the board. The remaining key investments in CoinShares' portfolio include its long-term holdings in Komainu and its combined position in WAO Holdings.
CoinShares Q2 revenue was £22.50 million, up 110% year-on-year.
2024-08-06 06:00:30
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