CoinShares International Limited engages in the digital assets and blockchain technology business. It offers electronic trading, liquidity provisioning, and risk management services; advisory services; and exchange traded products. The company was formerly known as Global Advisors (Holdings) Limited and changed its name to CoinShares International Limited in June 2020. CoinShares International Limited was incorporated in 2008 and is based in Saint Helier, Jersey.

CoinShares International Limited

Worth Capital provides access to digital asset investments, focusing on cryptocurrencies. The firm offers services including trading, operations, finance, and custody for institutional-quality exposure to this asset class.

Worth Capital

CoinShares is a European alternative asset manager specializing in digital assets. CoinShares pioneers innovative financial products and services that provide access to the digital asset ecosystem.

CoinShares

CoinShares US

CoinShares ETPs

Building the future of investing.

CoinShares' mission is to expand investing into digital assets with our regulated, best-in-class product suite that provides investors with trust and transparency when accessing cryptocurrencies.

CoinShares is a leader in the cryptocurrency Exchange Traded Products (ETP) industry, offering innovative, reliable products to investors seeking a convenient and trustable way to access a diverse range of digital assets. 
Today, CoinShares is the largest and longest standing digital investment group in Europe. 

CoinShares is publicly listed on Nasdaq Stockholm under the ticker CS and the OTCQX under the ticker CNSRF. 

The Group is headquartered in Jersey, with a presence in France, Sweden, the UK, and the US. 

Vauld

Zabo

Pocket Network

"This year so far has been a fantastic year for crypto assets in general". James Butterfill, Head of Research.

Our mid-year market update extended version is here! For 15 minutes, our research team explores the trends that have shaped digital assets over the past six months:
- #Bitcoin: US$ 16.1bn worth of inflows so far this year.
- The factors influencing the technology that underpins the asset class: The first half of 2024 was an event for bitcoin miners.
- The evolution of altcoins: capital concentration and capital dispersion.
- Changes in the regulatory framework: The first half of 2024 has proven to be both interesting and exciting for the regulation of digital assets, particularly as it affects exchange-traded products or ETPs.

And of course, we'll look ahead to what could happen in the next 6 months.

https://lnkd.in/eH259Gf6

The launch of spot #bitcoin exchange-traded funds in the US earlier this year represented a significant milestone for the crypto industry. However, the trading of crypto products is not limited to the US. In this article, we will examine the differences between three major financial hubs: Europe, United States and Asia.
 
How do their regulatory landscape and assets under management compare? 
Find out more in our article: https://lnkd.in/g7fETM_y

Earlier this week, the FED unsurprisingly left interest rates unchanged, while going against the trend on Wednesday, the Bank of Japan hiked rates..

Spot Ethereum ETFs continue to be dragged by large outflows from the Grayscale Ethereum meanwhile Spot Bitcoin ETFs on the other hand have seen healthy inflows over the last couple of weeks.

Why are the Fed and the Bank of Japan moving in opposite directions? Why are Spot Ethereum ETFs facing large outflows while Spot Bitcoin ETFs have seen inflows?

Find out in our market update: https://lnkd.in/e4pwE_6u

The launch of the #Ethereum ETF saw some of the largest inflows since December 2020 at $2.2bn, but incumbent outflows offset this with net outflows over all of US$285m.
 
Digital asset investment products saw inflows of $245m, and #Bitcoin continued to see healthy inflows of $519m.
 
Get our insights in our full report as well as more data by region, issuer and asset: https://lnkd.in/eu4QJsKu

Proud to share a new op-ed by our CEO, JM Mognetti: "Make America Mine Again: How the U.S. Can Dominate Bitcoin Mining and Trigger a New Digital Gold Rush"

In this piece, our CEO  explores the potential for the U.S. to capture 90% of global Bitcoin mining and its far-reaching implications:
1- Economic Boom: Projections show this could contribute $30.6 billion to GDP and create 54,000 jobs by 2028
2- Energy Revolution: Bitcoin mining as a catalyst for energy abundance and grid stabilization
3- Rural Renaissance: How mining operations can revitalize areas hit hard by globalization
4- National Security: Strengthening America's technological independence and industrial might
5- Policy Pathways: From neo-Keynesian interventionism to laissez-faire approaches

At CoinShares, we believe this isn't just about Bitcoin—it's about securing America's technological and economic leadership in the 21st century.


Read the full article: https://lnkd.in/eP5QEAJf

Spot ETH ETFs launched earlier this week on the 23rd of July!

The first day saw $1.1bn in volume across the 9 ETFs, while the Grayscale #Ethereum Trust saw outflows of around $1bn. Given the similarities between the launch of the Spot Bitcoin ETFs and that of the ETH ETFs, the outflows were not unexpected.

Learn more about the launch, the Nasdaq and what's happening on the Fed front in our market update: https://lnkd.in/eYfDyA8m

Metric
Company Name	CoinShares International Limited	Worth Capital
Symbol	CS
MSH ID	COM:COINSHARES	US:WORTHCAPITAL
Market	STOCKS	PRIVATE
Sector	Financial Services	Financial Services & Finance
Industry	Financial - Capital Markets	Investment Management
Country	JE	US
Stage
Employee Count	82
Website	coinshares.com	worthcapital.us
LinkedIn	coinshares	worth-capital
Founders

Metric
Market Cap	344.57M
Enterprise Value
Monthly Web Traffic		41
Web Traffic Growth		-0.86
Valuation
Raised Capital

Metric
Revenue	55.40M
Revenue (LTM)
Revenue (NTM)
Gross Profit	55.40M
EBITDA	49.16M
Operating Income	45.03M
Net Income	-663.85M
EPS	-9.86
Diluted EPS	-9.86
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin	0.97
Operating Profit Margin	13.63
EBITDA Margin	0.89
Net Profit Margin	13.64
Return on Equity	2.54
Return on Assets	0.28
Return on Capital Employed	2.16

CS

COM:COINSHARES

CoinShares

Last Close

87.90

25/11 09:39

Market Cap

3.76B

Beta: -

Volume Today

73.49K

Avg: -

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio	0.38
P/B Ratio	0.91
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio	7.24
EV Multiple	9.76

Metric
Days Sales Outstanding
Days Payables Outstanding
Days Inventory Outstanding	44.89K
Operating Cycle	44.90K
Cash Conversion Cycle	44.78K
Asset Turnover	0.02

Metric
Operating Cash Flow	208.74M
Free Cash Flow	205.89M
Cash Flow to Debt	7.02
Operating Cash Flow/Sales	8.76
Free Cash Flow Yield	1.67

Metric
Cash & Equivalents	42.10M
Accounts Receivable	186.53M
Inventory
Goodwill	1.20M
Debt to Capitalization	0.26
Debt to Assets	0.03
Current Ratio	1.11
Quick Ratio	1.08

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue	0.03
R&D to Revenue
SG&A to Revenue	0.52