CoinShares Showcases Strategic Excellence Through Successful Transformation of Valkyrie Business
15 November 2024 - 4:47PM
UK Regulatory
CoinShares Showcases Strategic Excellence Through Successful
Transformation of Valkyrie Business
15th November 2024 | SAINT HELIER,
Jersey—CoinShares International Limited ("CoinShares" or the
"Company") (Nasdaq Stockholm: CS; US OTCQX: CNSRF), the
leading European investment firm specialising in digital assets,
today highlighted its latest successful business transformation
with Valkyrie (now CoinShares Valkyrie), its U.S.-based ETF
business acquired in March 2024. Since the acquisition, Valkyrie's
assets under management (AUM) have grown significantly from
approximately $110 million to over $1 billion, demonstrating
CoinShares' ability to identify and develop valuable market
opportunities.
This transformation is the latest example in
CoinShares' series of successful strategic acquisitions and
turnarounds. The Company has established a proven model of
identifying businesses with strong fundamentals and transforming
them into industry successes. Previous notable examples include XBT
Provider, a Swedish company acquired in 2015 and now Europe's
largest crypto ETP product by AUM, and Napoleon, a French
quantitative asset manager operating under AIFMD regulation.
"CoinShares excels at uncovering hidden value at
the intersection of traditional finance and the digital assets
sector," said CEO Jean-Marie Mognetti. "We don't just acquire; we
transform businesses from within by leveraging our strong
operational and distribution capabilities. The rapid growth of
CoinShares Valkryie's business showcases our turnaround abilities
while also strengthening our U.S. expansion plans, where we aim to
mirror our European innovation leadership."
The transformation of CoinShares Valkyrie
reinforces CoinShares' strategic position in the U.S. market, which
the Company has identified as a primary driver for group revenue
growth. Building on this momentum, CoinShares is significantly
investing in its U.S. presence and capabilities, demonstrating both
its commitment to the region and its proven ability to execute
complex turnarounds. As the Company continues to expand its U.S.
operations, it maintains its position as a trusted one-stop-shop to
digital asset investment opportunities, laying the groundwork for
substantial growth in this key market.
ABOUT COINSHARES
CoinShares is the leading European investment company specialising
in digital assets, that delivers a broad range of financial
services across investment management, trading and securities to a
wide array of clients that includes corporations, financial
institutions and individuals. Focusing on crypto since 2013, the
firm is headquartered in Jersey, with offices in France, Sweden,
Switzerland, the UK and the US. CoinShares is regulated in Jersey
by the Jersey Financial Services Commission, in France by the
Autorité des marchés financiers, and in the US by the Securities
and Exchange Commission, National Futures Association and Financial
Industry Regulatory Authority. CoinShares is publicly listed on the
Nasdaq Stockholm under the ticker CS and the OTCQX under the ticker
CNSRF.
For more information on CoinShares,
please visit: https://coinshares.com
Company | +44 (0)1534 513 100 |
enquiries@coinshares.com
Investor Relations | +44 (0)1534 513 100 |
enquiries@coinshares.com
PRESS CONTACT
CoinShares
Benoît Pellevoizin
bpellevoizin@coinshares.com
M Group Strategic
Communications
Peter Padovano
press@coinshares.com
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