CoinShares Earnings Surge in First Half

CoinShares, Europe’s largest digital asset investment firm, said first-half adjusted Ebitda climbed 630%.

  • Comprehensive income, a profit measure that includes the change in the value of its digital assets, climbed more than fivefold to £58.7 million ($82 million), the Jersey-based company said in a statement.
  • “This performance has been primarily driven by Bitcoin and Ethereum prices reaching all-time highs in April and May 2021, respectively,” the company said. “This has resulted in increased management fees across the Group’s Asset Management Platform.”