Press releases

11 September 2024 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares'' or “the Company”) (Nasdaq Stockholm: CS; US OTCQX: CNSRF).

On 11 September 2024, a total of 55,720 options in the Company’s Employee Incentive Plan - November 2020 Tranche have been exercised for the corresponding number of shares, at an exercise price of GBP 1.43 (SEK 19.39) per share. Through the exercise of the employee share options, the Company receives a total of GBP 79,679.60 (SEK 1,080,410.80).

The issuance of these shares will be registered with Euroclear Sweden and the Company’s Registrar as soon as possible. After the issuance of these shares, the total number of shares in issue in CoinShares will be 66,650,480 and the total number of votes attached to the shares will be 66,650,480.

ABOUT COINSHARES
CoinShares is the European leading 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

PRESS CONTACT

CoinShares
Benoît Pellevoizin
[email protected]
+33 6 72 44 07 17

M Group Strategic Communications
Peter Padovano
[email protected]

‍

10 September 2024 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares'' or “the Company”) (Nasdaq Stockholm: CS; US OTCQX: CNSRF).

On 10 September 2024, a total of 27,860 options in the Company’s Employee Incentive Plan - November 2020 Tranche have been exercised for the corresponding number of shares, at an exercise price of GBP 1.43 (SEK 19.41) per share. Through the exercise of the employee share options, the Company receives a total of GBP 39,839.80 (SEK 540,762.60).

The issuance of these shares will be registered with Euroclear Sweden and the Company’s Registrar as soon as possible. After the issuance of these shares, the total number of shares in issue in CoinShares will be 66,594,490 and the total number of votes attached to the shares will be 66,594,490.

ABOUT COINSHARES
CoinShares is the European leading 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

PRESS CONTACT

CoinShares
Benoît Pellevoizin
[email protected]
+33 6 72 44 07 17

M Group Strategic Communications
Peter Padovano
[email protected]

‍

12 August 2024 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares'' or “the Company”) (Nasdaq Stockholm: CS; US OTCQX: CNSRF).

On 12 August 2024, a total of 25,490 options in the Company’s Employee Incentive Plan - November 2020 Tranche have been exercised for the corresponding number of shares, at an exercise price of GBP 1.43 (SEK 18.96) per share. Through the exercise of the employee share options, the Company receives a total of GBP 36,450.70 (SEK 483,336.28).

The issuance of these shares will be registered with Euroclear Sweden and the Company’s Registrar as soon as possible. After the issuance of these shares and the cancellation of own shares announced on 14 February 2024, the total number of shares in issue in CoinShares will be 66,566,630 and the total number of votes attached to the shares will be 66,566,630. Following registration of the cancellation as announced on 14 February 2024, the Company will hold no treasury shares.

ABOUT COINSHARES
CoinShares is the European leading 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

PRESS CONTACT

CoinShares
Benoît Pellevoizin
[email protected]
+33 6 72 44 07 17

M Group Strategic Communications
Peter Padovano
[email protected]

Jean-Marie Mognetti, Chief Executive Officer of CoinShares said:

"In the second quarter of 2024, CoinShares built upon the strong momentum established in Q1. This continued performance in Q2 demonstrates that our Q1 was not an outlier data point, but the result of continued efforts. Our consistency underscores the benefits from our restructuring and streamlining initiatives over the past two years. This strategy continues to yield results in both profitability and growth. Our strong financial performance has enabled a new dividend policy, delivering tangible shareholder value on a quarterly basis. The recent special dividend following the disposal of our FTX claim further underscores our commitment to this goal. Simultaneously, we're driving growth by expanding in the US and enhancing our European distribution. CoinShares' balanced strategy aims to establish it as a unique and attractive long-term investment in the crypto listed market, while strengthening its position as a leader in digital assets."

Q2 2024 financial highlights

• Revenue for Q2 2024 of £22.5 million (Q2 2023: £10.7 million)
• Gains and other income for Q2 2024 of £15.2 million (Q2 2023: £8.2 million)
• Total comprehensive income for Q2 2024 of £25.8 million (Q2 2023: £5.3 million)
• Adjusted EBITDA for Q2 2024 of £26.6 million (Q2 2023: £11.4 million)

Q2 Operational highlights

• Asset Management: For CoinShares' asset management business, a relatively quieter quarter allowed the Group to consolidate its leadership position in Europe, with its European Physical ETP platform recording its third-best quarter in terms of net flows. In the United States, we focused on product development and marketing initiatives for our recently acquired Valkyrie business, with our spot Bitcoin ETF $BRRR and pure-play Bitcoin mining ETF $WGMI continuing to attract net inflows despite the industry-wide slowdown. Across both regions, our strategy of diversifying our product suite and strengthening our brand presence has positioned us well to navigate the evolving digital asset landscape.
• Capital Markets & Hedge Fund Solutions: CoinShares' Capital Markets division adeptly navigated the market dynamics of the second quarter, capturing opportunities despite non-trending conditions that featured offsetting events like the Iran-Israel conflict and anticipation of U.S. spot Ethereum ETP listings. While the Hedge Fund Solutions division's short volatility strategies met risk tolerances but did not outperform the underlying assets, the firm remains confident in the long-term potential given declining macro risks and the forthcoming spot Ethereum ETPs. Importantly, the CoinShares Engineering and Quant team delivered the advanced MATRIX trading and risk platform, which is poised to drive the next phase of growth and sophistication across the Capital Markets and Hedge Fund Solutions businesses.
• FTX Claim Recovery: At the end of June 24 the Group announced the successful completion of the sale of its FTX claim, achieving a recovery rate of 116% net of broker fees, translating to a return of £28.7 million.
• Principal Investments: The quarter saw a material write-down in the Group’s Principal Investments portfolio due to the bankruptcy of Swiss digital bank FlowBank SA, which it has elected to fully impair. The remaining key investments in CoinShares’ portfolio include its long-standing holding in Komainu and its position in WAO Holdings following their merger, which has already resulted in a cash distribution to the Group and shows promising profitability exceeding targets. With the disposal of our 3iQ holding in Q1 realising a gain of £2.3 million, the Group remains focused on prudently managing and optimising its principal investment activities.
• Special Dividend: Earlier this year, CoinShares announced that its Board of Directors voted to amend the dividend policy and commence shareholder distributions. In light of the recent FTX claim recovery, the Board has now decided to pay a special dividend, recognising the longstanding trust of shareholders.

Full details of the Q2 results, inclusive of financial information on each of the Group’s business units, are included within the full report, available here.

Download the Swedish Executive Summary here.

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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act.
The information was submitted for publication, through the agency of the contact person set out above, at 07:00 CEST on August 6, 2024.

PRESS CONTACT

CoinShares
Benoît Pellevoizin
[email protected]

M Group Strategic Communications
Peter Padovano
[email protected]

‍6th August 2024 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares” or “the Group”) (Nasdaq Stockholm: CS; US OTCQX: CNSRF), the leading European investment company specialising in digital assets, has today published its results for the quarter ending 30th June 2024.

6 augusti 2024 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares” eller “Koncernen”) (Nasdaq Stockholm: CS; US OTCQX: CNSRF), det ledande europeiska investeringsföretaget specialiserat inom digitala tillgångar, har idag publicerat sina resultat för det andra kvartalet som slutar den 30 juni 2024

Jean-Marie Mognetti, VD för CoinShares säger:

"Under det andra kvartalet 2024 kunde CoinShares dra fördel av det starka momentum som etablerades under det första kvartalet. Den fortsatta utvecklingen under Q2 visar att vårt Q1 inte var en tillfällighet, utan ett resultat av fortsatta ansträngningar. Vårt idoga arbete förstärks av fördelarna med vår omstrukturering och effektivisering under de senaste två åren. Denna strategi fortsätter att ge resultat i både lönsamhet och tillväxt.
Vårt starka finansiella resultat har även möjliggjort en ny utdelningspolicy som kvartalsvis tydligt skapar aktieägarvärde. Den senaste extra utdelningen, efter avyttringen av vår FTX-fordran, tydliggör ytterligare vårt engagemang för våra aktieägare. Samtidigt driver vi tillväxt genom att expandera i USA och förbättra vår europeiska distribution. CoinShares balanserade strategi syftar till att etablera en unik och attraktiv långsiktig investering inom den kryptomarknaden, samtidigt som vi stärker vår position som ledande inom digitala tillgångar."

Q2 2024 finansiella höjdpunkter

• Intäkter för Q2 2024 uppgick till 22.5 miljoner pund (Q2 2023: 10.7 miljoner pund)
• Vinster och övriga intäkter för Q2 2024 uppgick till 15.2 miljoner pund (Q2 2023: 8.2 miljoner pund)
• Totalt resultat för Q2 2024 uppgick till 25.8 miljoner pund (Q2 2023: 5.3 miljoner pund)
• Justerad EBITDA för Q2 2024 uppgick till 26.6 miljoner pund (Q2 2023: 11.4 miljoner pund)

Q2 2024 operationella höjdpunkter

• Kapitalförvaltning: CoinShares kapitalförvaltningsverksamhet visade ett lugnare kvartal där koncernen befäste sin ledande position i Europa, med dess europeiska fysiska ETP-plattform som noterade sitt tredje bästa kvartal av nettoflöden. I USA fokuserade vi på produktutveckling och marknadsföringsinitiativ för vår nyligen förvärvade Valkyrie-verksamhet, med vår spot Bitcoin ETF $BRRR och pure-play Bitcoin Mining ETF $WGMI som fortsätter att skapa nettoinflöden trots den branschomfattande nedgången. Inom både områdena är vår strategi att diversifiera vår produktsvit och stärka vår varumärkesnärvaro vilket positionerat oss väl samt kunna dra nytta av den utveckling som skett inom det digitala tillgångslandskapet.
  
  
• Capital Markets & Hedge Fund Lösningar: CoinShares Capital Markets-division navigerade skickligt i marknadsdynamiken under det andra kvartalet och fick möjligheter trots icke-trendande förhållanden såsom negativa händelser som Iran-Israel-konflikten och förväntan på amerikanska spot Ethereum ETP-noteringar. Medan Hedge Fund Solutions-divisionens korta volatilitetsstrategier uppfyllde risktoleranser men inte överträffade de underliggande tillgångarna, är företaget fortfarande övertygat om den långsiktiga potentialen, givet minskande makrorisker och de kommande spot Ethereum ETP:erna. Viktigt är att CoinShares Engineering och Quant-teamet levererade den avancerade MATRIX-handels- och riskplattformen, som nu är redo att driva nästa fas av tillväxt och förädling inom Capital Markets och Hedge Fund Solutions-verksamheterna.    

Återbetalning av FTX-fordran: Den 24 juni tillkännagav koncernen att försäljningen av sin FTX-fordran framgångsrikt hade slutförts och uppnått en återvinningsgrad på 116 % netto efter mäklararvoden, vilket motsvarar en avkastning på 28,7 miljoner pund.Huvudinvesteringar: Under kvartalet gjordes en väsentlig nedskrivning av koncernens huvudinvesteringsportfölj på grund av den schweiziska digitala banken FlowBank SA som försatts i konkurs, och där man valt att göra en fullständig nedskrivning. De återstående huvudsakliga investeringarna i CoinShares portfölj inkluderar dess långvariga innehav i Komainu och dess position i WAO Holdings efter deras sammanslagning, vilket redan har resulterat i en kontantutdelning till koncernen och visar lovande lönsamhet som överträffar målen. I och med vår avyttring av vårt 3iQ-innehav under det första kvartalet, som ger en vinst på 2,3 miljoner pund, är koncernen fortsatt fokuserad på att med varsamhet hantera och optimera sina huvudsakliga investeringsaktiviteter.Extra utdelning: Tidigare i år meddelade CoinShares att dess styrelse beslutat om att ändra utdelningspolicyn och påbörja aktieägarutdelningar. Mot bakgrund av den senaste återbetalningen av FTX-fordran beslutade styrelsen om en extra utdelning, som en uppskattning till de aktieägare som visat sitt långsiktiga förtroende.

Fullständig information om resultatet för det andra kvartalet, inklusive finansiell information finns i den fullständiga rapporten, som är tillgänglig här.

Ladda ner den svenska sammanställningen här.

OM COINSHARES

CoinShares är ett ledande europeiskt investeringsföretag specialiserat på digitala tillgångar, som erbjuder ett brett utbud av finansiella tjänster inom investeringsförvaltning, handel och värdepapper till ett brett spektrum av kunder, inklusive företag, finansiella institutioner och privatpersoner. Med fokus på kryptovaluta sedan 2013 har företaget sitt huvudkontor i Jersey, med kontor i Frankrike, Sverige, Schweiz, Storbritannien och USA. CoinShares är reglerat av och lyder under Jersey Financial Services Commission, i Frankrike av Autorité des marchés financiers, i USA av Financial Industry Regulatory Authority. CoinShares är börsnoterat på Nasdaq Stockholm med tickern CS och på OTCQX med tickern CNSRF.

För ytterligare information besök: https://coinshares.com
Företaget | +44 (0)1534 513 100 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

Denna information är information som CoinShares International Limited är skyldig att offentliggöra i enlighet med EU:s marknadsmissbruksförordning 596/2014 och lagen om värdepappersmarknaden. Informationen lämnades, genom nedanstående personers försorgför offentliggörande den 6 augusti 2024 kl. 07:00 CET.


MEDIAKONTAKT

CoinShares
Benoît Pellevoizin
[email protected]

M Group Strategic Communications
Peter Padovano
[email protected]

‍

‍

22 July 2024 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares'' or “the Company”) (Nasdaq Stockholm: CS; US OTCQX: CNSRF).

Further to the announcement dated 12 July 2024 regarding the decision to distribute a special dividend following the sale of the Group’s FTX claim, the Company now provides some additional details on the forthcoming payment (“Special Dividend”).

As previously stated, the proceeds received following the sale of the FTX claim stand at USD 36,410,210, of which USD 31,410,210 (approximately GBP 24,276,951) will be distributed in the Special Dividend.

The Special Dividend will be paid in conjunction with Tranche 3 of the Group’s forthcoming regular dividend payment, introduced earlier this year (“Regular Dividend”).

The details for the remaining two Regular Dividend payments for 2024 in respect of the financial performance of 2023 are as follows:

	Ex-dividend date	Record date	Payment date
Tranche 3 (together with Special Dividend)	27 September 2024	30 September 2024	3 October 2024
Tranche 4	27 December 2024	30 December 2024	6 January 2025

As the Special Dividend will be paid together with Tranche 3, each of the Ex-dividend date, Record date and Payment date for the Special Dividend Payment will be as disclosed in the table above.

The total amount to be paid together with Tranche 3 on or around 3 October 2024 will be the combined amount of the Special Dividend (USD 31,410,210 converted into GBP at the prevailing USD/GBP rate) and Regular Dividend (GBP 2,312,623). A further announcement will be made clarifying the dividend per share upon finalisation of the payment.

In accordance with Article 115(4) of the Companies (Jersey) Law 1991, each payment will be subject to an assessment of the financial health of the Group by its Board.

ABOUT COINSHARES
CoinShares is the European leading 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

PRESS CONTACT

CoinShares
Benoît Pellevoizin
[email protected]
+33 6 72 44 07 17

M Group Strategic Communications
Peter Padovano
[email protected]

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Q1 2024 Earnings Highlights:

• Revenue, gains, and other income increased by 216% YoY
• Over 4x YoY increase in adjusted EBITDA
• Total comprehensive income increased by over 11x YoY
  
  

14^th May 2024 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares'' or “the Group”) (Nasdaq Stockholm: CS;US OTCQX: CNSRF), the leading European investment company specialising in digital assets, has today published its results for the quarter ending 31^st March 2024.

Jean-Marie Mognetti, Chief Executive Officer of CoinShares said:

"Q1 2024 stands out as our strongest quarter ever, marking a period of unprecedented strength and profitability for CoinShares. This quarter reflects not only our robust financial performance but also highlights our enhanced strategic growth capabilities, exemplified by the successful acquisition of Valkyrie's ETF business in March 2024. This pivotal move has allowed us to expand our operations across the Atlantic, further solidifying our presence in the global market.

At CoinShares, we have consistently equipped ourselves to realise our ambitions while maintaining a steadfast focus on our financial outcomes, which remain central to our strategy. These financial results underscore the Group's significant advancement since 2021, reflecting our continuous commitment to growth and excellence in our operations.”

Q1 2024 financial highlights

• Q1 revenue, gains and other income of £43.9 million (Q1 2023: £13.9 million)
• Q1 adjusted EBITDA of £34.2 million (Q1 2023: £7.0 million)
• Total comprehensive income for Q1 2024 of £34.1 million (Q1 2023: £2.9 million)
  
  

Q1 2024 operational highlights

• Valkyrie: In March 2024, CoinShares successfully completed the acquisition of Valkyrie's ETF business, significantly enhancing its global market presence and operational footprint across the Atlantic.
• Asset Management: The Asset Management division saw strong inflows, particularly from CoinShares Physical, which notably contributed to the platform's performance, with CoinShares Physical's assets under management becoming a substantial part of the Group’s total AUM;additionally, XBT Provider maintained a solid asset base, benefitting from the uplift in the cryptocurrency market.
• Capital Markets & Hedge Fund Solutions: The Capital Markets & Hedge Fund Solutions division delivered robust top-line performance, bolstered by vibrant market activity and gains from staking and trading, thriving particularly after the launch of the US Spot Bitcoin ETFs.
• Dividend: The Board of Directors approved a new dividend policy for the fiscal year 2023, committing to an annual dividend of 20% to 40% of the Group's total comprehensive income, with the initial payment disbursed on May 3rd and three more scheduled throughout the year.

The performance for Q1 marks the Group’s strongest quarter ever. Full details of the Q1 results, inclusive of financial information on each of the Group’s business units, are included within the full report, available here .

ENDS

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 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information in this press release has been published through the agency of the contact persons set out below, at 7:00 am CET on 14^th May 2024.

PRESS CONTACT

CoinShares
Benoît Pellevoizin
[email protected]

M Group Strategic Communications
Peter Padovano
[email protected]

Attachment

• coinshares_report_q1_24

Höjdpunkter under det första kvartalet

• Intäkter, vinster och övriga inkomster ökade med 216% jämfört med föregående år.
• Justerat EBITDA ökade med 4 gånger jämfört med föregående år.
• Totalt resultat ökade med 11 gånger jämfört med föregående år.
  
  

14 maj 2024, SAINT HELIER, Jersey, CoinShares Internationel Limited (“CoinShares” or “Koncernen”) (Nasdaq Stockholm:CS US OTCQX: CNSRF), den ledande europeiska alternativa kapitalförvaltaren specialiserad på digitala tillgångar, har idag publicerat sitt resultat för kvartalet som slutar 31 mars 2024.

”Q1 2024 sticker ut historiskt som vårt starkaste kvartal någonsin och markerar en period av framgång och lönsamhet utan motstycke för CoinShares. Kvartalet reflekterar inte endast vår robusta finansiella prestation utan visar också på vår allt starkare tillväxtförmåga, exemplifierad av vårt framgångsrika förvärv i mars 2024 av Valkyries ETF verksamhet. Detta avgörande drag har gett oss möjlighet att utöka vår verksamhet över Atlanten och ytterligare stärka vår närvaro på den globala marknaden.”
Jean-Marie Mognetti, VD för CoinShares

Q1 2024 Finansiella höjdpunkter

• Q1 intäkter, vinster och övriga inkomster uppgick till 43,9 miljoner pund (Q1 2023: 13,9 miljoner pund).
• Q1 justerad EBITDA uppgick till 34,2 miljoner pund (Q1 2023: 7,0 miljoner pund).
• Q1 totalt resultat uppgick till 34,1 miljoner pund (Q1 2023: 2,9 miljoner pund).
  
  

Q1 2024 operationella höjdpunkter
• Valkyrie: I mars 2024 slutförde CoinShares framgångsrikt förvärvet av Valkyries ETF-verksamhet, vilket avsevärt förbättrade den globala marknadsnärvaron och operativa fotavtrycket i USA.
• Asset Management: Asset Management-divisionen såg starka inflöden, speciellt från CoinShares Physical, vilket särskilt bidrog till plattformens prestanda, där CoinShares Physicals tillgångar under förvaltning blev en betydande del av koncernens totala förvaltade kapital;dessutom behöll XBT Provider en solid tillgångsbas och gynnades av ökningen på kryptovalutamarknaden.
• Capital Markets & Hedge Fund Solutions: Divisionen Capital Markets & Hedge Fund Solutions levererade ett robust topline-resultat, förstärkt av livlig marknadsaktivitet och vinster från investeringar och handel som blomstrade särskilt efter lanseringen av US Spot Bitcoin ETF:er.
• Utdelning: Styrelsen har godkänt en ny utdelningspolicy för räkenskapsåret 2023 vilket innebär en årlig utdelning om mellan 20–40% av koncernens totala totalresultat, med den första utbetalningen den 3 maj 2024 samt ytterligare tre planerade utdelningar under året.

Resultatet för det första kvartalet 2024 är koncernens starkaste kvartal någonsin. Fullständig information om resultatet inklusive finansiell information om var och en av koncernens affärsenheter finns i den fullständiga rapporten som finns tillgänglig här .

För mer information besök CoinShares:

https://coinshares.com

Företag: + 44 (0) 1534 513 100, [email protected]

Investor Relations: +44 (0) 1534 513 100, [email protected]

Presskontakt:

Benoit Pellevoizin

[email protected]

Denna information är sådan som CoinShares International Limited är skyldigt att offentliggöra enligt EU:s marknadsmissbruksförordning 596/2014. Informationen i pressmeddelandet lämnades, genom ovanstående kontaktpersons försorg, för offentliggörande den 14 maj 2024, kl. 07:00 CET.

Om CoinShares

CoinShares är ett ledande europeiskt investeringsföretag specialiserat på digitala tillgångar, som erbjuder ett brett utbud av finansiella tjänster inom investeringsförvaltning, handel och värdepapper till ett brett spektrum av kunder, inklusive företag, finansiella institutioner och privatpersoner. Med fokus på kryptovaluta sedan 2013 har företaget sitt huvudkontor i Jersey, med kontor i Frankrike, Sverige, Schweiz, Storbritannien och USA. CoinShares är reglerat av och lyder under Jersey Financial Services Commission, i Frankrike av Autorité des marchés financiers, i USA av Financial Industry Regulatory Authority. CoinShares är börsnoterat på Nasdaq Stockholm med tickern CS och på OTCQX med tickern CNSRF.

Bilaga

• coinshares_report_q1_24

8^th May 2024 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares'' or “the Group”) (Nasdaq Stockholm: CS;US OTCQX: CNSRF), the leading European investment company specialising in digital assets, is pleased to announce that ABG Sundal Collier has initiated coverage of the Company.

Click here to view the full report or here to download the report.

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 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

PRESS CONTACT

CoinShares
Benoît Pellevoizin
[email protected]

M Group Strategic Communications
Peter Padovano
[email protected]

Attachment

• ABG Sundal Collier - CoinShares Report

Notice is hereby given that the Annual General Meeting of CoinShares International Limited (the “Company”) will take place on Friday, 31 May 2024 at 14:00 BST in the form of a hybrid virtual event at 2 Hill Street, St Helier, Jersey, JE2 4UA.

The entire Annual General Meeting will be broadcast live online (audio and video) via Wavecast.io and will be open for all shareholders who are entered in the Company’s stock register on the record day of the Annual General Meeting. The exercise of shareholder rights, in particular the exercise of voting rights, requires registration for the meeting in due time and in the proper form and will be performed by poll during the meeting or by granting power of attorney to Company proxies. The location of the Annual General Meeting for the purposes of the minutes is the Company’s registered office, 2 Hill Street, St Helier, Jersey, JE2 4UA.

RIGHT TO ATTEND THE ANNUAL GENERAL MEETING AND NOTICE

Shareholders wishing to attend the Annual General Meeting must:

1. on the record date, which is 17 May 2024, be registered in the Company’s share register maintained by Euroclear Sweden AB. Shareholders, whose shares are registered in the name of a nominee, must temporarily register the shares in their own name at Euroclear Sweden AB. Shareholders whose shares are registered in the name of a nominee must, no later than 16 May 2024, via their nominee, temporarily register the shares in their own name in order to be entitled to participate at the general meeting. In order to re-register shares in time, shareholders should make the request via their nominee in good time before this date.
2. notify the participation at the general meeting no later than 16 May 2024. Notice of participation at the general meeting may be given by following the registration instructions detailed on the Reports Portal on the Company’s website or here . Upon notification, the shareholder must state their full name, personal identification number (date of birth for non-Swedish investors) or corporate registration number, postal and email address, as well as the number of shares held.

PROPOSED AGENDA

1. Opening of the Annual General Meeting
2. Election of the Chairman of the Annual General Meeting
3. Preparation and approval of voting list
4. Approval of the agenda
5. Determination of whether the general meeting has been duly convened
6. Election of one person to certify the minutes
7. Presentation of the Annual Report, consolidated financial statements and the audit report
8. Resolution regarding the adoption of the group income statement and group balance sheet
9. Determination of the number of members of the Board of Directors and the number of Auditors
10. Determination of remuneration to the Board of Directors and the Auditor
11. Election of the Board of Directors and the Auditor
12. Resolution on the approval of the Board of Director’s Remuneration Report
13. Resolution regarding authorising the Board of Directors to decide on repurchase and transfer of own shares
14. Closing of the Annual General Meeting

PROPOSALS FOR RESOLUTIONS ITEM 2: OPENING OF THE MEETING AND ELECTION OF CHAIRMAN OF THE GENERAL MEETING The Nomination Committee, appointed in accordance with the instruction for the Nomination Committee as resolved by the Annual General Meeting on 20 June 2022 and comprising of the Chairman of Nomination Committee, Michael Carlton (appointed by Daniel Masters), Jean-Frédéric Mognetti (appointed by Mognetti Partners Limited), Paul Davison (appointed by Russell Newton) and Johan Lundberg (representative of the Board of CoinShares International Limited), proposes that Daniel Masters, Chairman, be appointed as the Chair of the Annual General Meeting 2024. ITEM 3: PREPARATION AND APPROVAL OF THE VOTING LIST The voting list proposed for approval is the voting list drawn up by the Company Secretary, based on the register of shareholders provided by Euroclear Sweden AB, shareholders having given notice of participation and being present at the Meeting, and postal votes received. ITEMS 9-11: DETERMINATION OF REMUNERATION TO THE BOARD OF DIRECTORS AND THE AUDITORS, ELECTION OF THE BOARD OF DIRECTORS AND THE AUDITORS AND ELECTION OF THE CHAIRMAN OF THE BOARD OF DIRECTORS The Nomination Committee proposes that: Item 9 The Board of Directors shall consist of 6 directors and that the Company should have one registered public auditor’s firm as auditor. Item 10 Remuneration to the Board of Directors, which remain unchanged from the previous year, shall be paid to the Board of Directors in the amount of GBP 50,000 to each of the non-employed Directors, which includes all committee membership and committee chair positions, and GBP 125,000 to the Chairman provided that the Chairman is not an employee. Remuneration to the Auditor be paid in accordance with approved invoices. Item 11 For the period up to the end of the Annual General Meeting in 2025, Jean-Marie Mognetti, Carsten Køppen, Johan Lundberg, Viktor Fritzén and Christine Rankin be re-elected as members of the Board of Directors and that Daniel Masters be re-elected as the Chairman of the Board. The audit firm Baker Tilley Channel Islands Limited be re-elected as the Company’s auditor for the period up to the end of the Annual General Meeting in 2025. The Nomination Committee’s proposal is in line with the Audit and Risk Committee’s recommendation. Information regarding the candidates nominated by the Nomination Committee for re-election to the Board of Directors is available on the Company’s website under the Investor Relations section. ITEM 12: RESOLUTION ON APPROVAL OF THE BOARD OF DIRECTOR’S REMUNERATION REPORT Under the Swedish Corporate Governance Code, the Board of Director’s is required to prepare a report for each financial year regarding paid and outstanding remuneration to Board members, the CEO and the deputy CEO who are covered by the guidelines. As the Company has no deputy CEO and the Board members do not receive any remuneration other than that decided by the general meeting, the report for the financial year 2023 only covers the Company's CEO. According to the Swedish Corporate Governance Board's rules on remuneration to senior executives and on incentive programs, the report must contain an overview of each of the outstanding and concluded incentive programs completed during the year. The Board of Directors suggests that the Annual General Meeting approve the remuneration report for the financial year 2023. ITEM 13: RESOLUTION REGARDING AUTHORISING THE BOARD OF DIRECTORS TO DECIDE ON REPURCHASE AND TRANSFER OF OWN SHARES The Board of Directors proposes that the Annual General Meeting resolves to authorise the Board of Directors to decide on purchases of the Company’s own shares in accordance with the following, main terms:

1. Share repurchases may be made only for the purposes of completing block transactions.
2. The authorisation may be exercised on one or more occasions before the 2025 Annual General Meeting.
3. The maximum number of own shares that may be repurchased so that the Company’s holding of shares at any given time does not exceed 10% of the total number of shares in the Company.
4. A block transaction is defined as a single transaction that exceeds the "normal market size" of transactions. For the purpose of determining whether a transaction is of "normal market size", the thresholds for large in scale (LIS) transactions set out in MiFID II are applied.
5. Payment for the shares shall be made in cash.

In addition, the Board of Directors proposes that the Annual General Meeting resolves to authorise the Board of Directors to decide on transfer of own shares, with or without deviation from the shareholders’ preferential rights, in accordance with the following, main terms:

1. Transfers may be made on (i) Nasdaq Stockholm or (ii) outside of Nasdaq Stockholm in connection with the acquisition of companies, operations, or assets.
2. The authorisation may be exercised on one or more occasions before the 2025 Annual General Meeting.
3. The maximum number of shares that may be transferred corresponds to the number of shares held by the Company at the point in time of the Board of Directors’ decision on transfer.
4. Transfers of shares on Nasdaq Stockholm may only be made at a price of no more than 5% above the average trading price of the 5 business days prior to the transfer. For transfers outside of Nasdaq Stockholm, the price shall be set so that the transfer is made at market terms, except for delivery of shares in connection with employee stock option programs.
5. Payment for transferred shares may be made in cash, through in-kind payment, or through set-off against claims with the Company.

The purpose of the authorisations is to give the Board of Directors greater scope to act and the opportunity to adapt and improve the Company’s capital structure and thereby create further shareholder value and take advantage of any attractive acquisition opportunities. The authorisation may also be used in order to enable delivery of shares in connection with employee stock option programs. The Board of Directors shall have the right to decide on other terms for repurchases and transfers of own shares in accordance with its authorisation. The Board of Directors also has the right to authorise the chairman of the Board, the chief executive officer, or the person designated by the Board to make such minor adjustments that may be necessary in connection with the execution of the Board’s decision to repurchase or transfer shares. A valid resolution in favour of the Board’s proposal requires the approval of shareholders with at least two-thirds of the votes and shares represented at the Annual General Meeting. NUMBER OF SHARES AND VOTES The total number of shares in the Company as of the date hereof amounts to 67,655,461 shares, with a corresponding number of votes. The Company holds 1,147,233 own shares. FURTHER INFORMATION Copies of accounts, audit report, remuneration report, proxy form, complete proposals and all other relevant documents are made available on the Company’s website at least four weeks in advance of the Annual General Meeting. The shareholders are hereby notified regarding the right to, at the annual general meeting, request information from the Board of Directors and chief executive officer. Jersey, 30 April 2024
CoinShares International Limited
The Board of Directors About CoinShares CoinShares is Europe’s largest and leading digital asset investment and trading group by AuM, managing billions of assets on behalf of a global client base. Our mission is to expand investing into digital assets with our trusted, regulated, best-in-class product suite that provides investors with trust and transparency when accessing cryptocurrencies. We believe that Bitcoin and blockchain networks are landmark innovations that will fundamentally reshape the global financial system and the way we interact digitally, and investors should be able to participate in this transformation. CoinShares is publicly listed on the Nasdaq Stockholm under ticker CS and the OTCQX under the ticker CNSRF. CoinShares has multiple touchpoints with financial regulatory bodies around the world, including the AMF, JFSC and FINRA. For more information on CoinShares, please visit: https://coinshares.com
Company | +44 (0)1534 513 100 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]
Attachments

• 2024 Proxy Form
• CoinShares Remuneration Report 2023

30 april 2024 | SAINT HELIER, Jersey | CoinShares International Limited ("CoinShares" eller "Bolaget") (Nasdaq Stockholm: CS;US OTCQX: CNSRF), det ledande europeiska investeringsföretaget specialiserat på digitala tillgångar, publicerade idag sin årsrapport för 2023, som ger omfattande och detaljerad information om företaget, dess finansiella resultat, strategi, bolagsstyrning och branschen samt kommentarer kring marknaden för räkenskapsåret 2023. Rapporten innehåller de reviderade boksluten för året som avslutades den 31 december 2023. Den fullständiga rapporten finns här .

2023 års finansiella höjdpunkter

• Totala intäkter, vinster och övriga inkomster uppgick till 85,7 miljoner pund (2022: 72,2 miljoner pund), varav:
  
  
  • Förvaltningsavgifter uppgick till 43,0 miljoner pund (2022: 50,1 miljoner pund)
  • Vinster och övriga intäkter från kapitalmarknaden uppgick till 39,0 miljoner pund (2022: 26,1 miljoner pund)
  • Vinster från investeringar uppgick till 3,7 miljoner pund (2022: förlust om 4,9 miljoner pund)
    
    
• Justerat EBITDA uppgick till 57,3 miljoner pund (2022: Justerat EBITDA-förlust uppgick till 6,8 miljoner pund).
  
  
• Totalt resultat för helåret uppgick till 38,4 miljoner pund (2022: 2,9 miljoner pund).
  
  
• Koncernens nettotillgångar per den 31 december 2023 uppgick till 239,2 miljoner pund (december 2022: 203,7 miljoner pund).
  

Verksamhetsöverblick 2023

• Kapitalförvaltning:
  
  

Under 2023 genererade XBT Provider bruttointäkter om 38,9 miljoner pund (2022: 46,0 miljoner pund), medan CoinShares Physical rapporterade en bruttoinkomst på 2,7 miljoner pund (2022: 2,3 miljoner pund). Gruppens BLOCK Index genererade avgiftsintäkter om 1,4 miljoner pund (2022: 1,9 miljoner pund).

Som en effekt av den omfattande framgången för dessa initiativ uppgick de totala intäkterna, vinster och övriga inkomster för helåret till 43,0 miljoner pund.

• Kapitalmarknad- & hedgefondlösningar
  
  

Den totala volymen av CoinShares Capital Markets 2023 minskade till 8,8 miljarder USD (2022: 15,0 miljarder USD). Vinster och intäkter genererade av kapitalmarknads-teamet uppgick till 39 miljoner pund.

Strategi framåt

Under 2023 stärkte vi vårt strategiska fokus och ledarskap på innovation och expansion inom det digitala tillgångsområdet, vilket främst gjordes via strategiska förvärv, partnerskap och produktdiversifiering. När vi blickar framåt för 2024 innehåller vår strategi bland annat att stärka vår närvaro i Europa genom att utöka XBT Providers produktlinje och öka marknadspenetrationen genom riktad marknadsföring och strategisk omprofilering inom CoinShares huvudvarumärke. Vi stärker också vår europeiska marknadsnärvaro i Frankrike och Italien, och framhåller konkurrenskraftiga förvaltningsavgifter och transparenta insats-belöningar. Globalt sett markerar vårt förvärv av Valkyries amerikanska ETF-verksamhet ett viktigt steg på vägen, in på den amerikanska marknaden med målet att introducera sofistikerade produkter som WGMI ETF och BTFX. Denna expansion fokuserar på att skapa avancerade finansiella produkter som blandar hedgefonder med tillgängligheten till ETF:er, samt nyttjar vår djupa expertis inom digitala tillgångar. Dessutom syftar introduktionen av Hedge Fund Solutions till att etablera en stabil närvaro i USA och vi förbättrar vår egenutvecklade handelsplattform genom att förbättra vår operativa effektivitet och riskhantering - vi tror oss se ett transformativt 2024 med valda initiativ.

Om COINSHARES

CoinShares är ett ledande europeiskt investeringsföretag specialiserat på digitala tillgångar, som erbjuder ett brett utbud av finansiella tjänster inom investeringsförvaltning, handel och värdepapper till ett brett spektrum av kunder, inklusive företag, finansiella institutioner och privatpersoner. Med fokus på kryptovaluta sedan 2013 har företaget sitt huvudkontor i Jersey, med kontor i Frankrike, Sverige, Schweiz, Storbritannien och USA. CoinShares är reglerat av och lyder under Jersey Financial Services Commission, i Frankrike av Autorité des marchés financiers, i USA av Financial Industry Regulatory Authority. CoinShares är börsnoterat på Nasdaq Stockholm med tickern CS och på OTCQX med tickern CNSRF.

För mer information vänligen besök: https://coinshares.com
Telefon | +44 (0)1534 513 100 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

Denna information är sådan information som CoinShares International Limited är skyldig att offentliggöra enligt lagen om värdepappersmarknaden. Informationen lämnades för offentliggörande den 30 april, 2024 kl. 8:00AM CET.

Kontakt

CoinShares
Benoît Pellevoizin
[email protected]

M Group Strategic Communications
Peter Padovano
[email protected]

Bilaga

• COINSHARES_ANNUAL_REPORT_2023

30th April 2024 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares” or “the Company”) (Nasdaq Stockholm: CS;US OTCQX: CNSRF), the leading European investment company specialising in digital assets, today published its 2023 Annual Report, providing comprehensive and detailed information on the firm, its financial performance, its strategy, corporate governance and the industry and market for the 2023 financial year. The report includes the audited financial statements for the year ending 31st December 2023. The full report can be found here .

2023 Financial Highlights

• Total revenue, gains and other income of £85.7 million (2022: £72.2 million), of which:
  
  
  • Asset management fees of £43.0 million (2022: £50.1 million)
  • Capital markets gains and other income of £39.0 million (2022: £26.1 million)
  • Principal investment gains of £3.7 million (2022: loss of £4.9 million)
    
    
• Adjusted EBITDA of £57.3 million (2022: Adjusted EBITDA loss of £6.8 million).
  
  
• Total comprehensive income for the year of £38.4 million (2022: £2.9 million).
  
  
• Net asset position of the Group as at 31st December 2023 of £239.2 million (December 2022: £203.7 million).
  
  

2023 Business Overview

• Asset Management:

2023 saw gross revenue generated from XBT Provider of £38.9 million (2022: £46.0 million), with CoinShares Physical posting gross revenue of £2.7 million (2022: £2.3 million). The Group’s BLOCK Index generated fees of £1.4 million (2022: £1.9 million).

Reflecting the overall success of these initiatives, the total revenue, gains, and other income for the year amounted to £43.0 million.

• Capital Markets & Hedge Fund Solutions:
  
  The total notional traded by CoinShares Capital Markets in 2023 reduced to $8.8 billion (2022: $15.0 billion). Gains and income generated by the Capital Markets team was £39.0 million.
  
  

Strategy

In 2023, our strategic focus on innovation and expansion reinforced our leadership in the digital asset space through strategic acquisitions, partnerships, and product diversification. Looking ahead to 2024, our strategy encompasses enhancing our presence in Europe by extending the XBT Provider product line and increasing market penetration through targeted marketing and a strategic rebranding aligned with the CoinShares mother brand. We are also expanding our footprint in the European markets like France and Italy, emphasising competitive management fees and transparent staking rewards. Globally, our acquisition of Valkyrie’s U.S. ETF business marks a significant step in entering the U.S. market, aiming to introduce sophisticated products such as the WGMI ETF and the BTFX. This expansion is coupled with a focus on creating advanced financial products that blend the sophistication of hedge funds with the accessibility of ETFs, leveraging our deep expertise in digital assets. Additionally, the introduction of Hedge Fund Solutions aims to establish a trusted presence in the U.S., and we are enhancing our proprietary trading platform to improve operational efficiency and risk management, anticipating a transformative 2024 with these initiatives.

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 U.K. and the U.S. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the U.S. by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

PRESS CONTACT

CoinShares
Benoît Pellevoizin
[email protected]
+33 6 72 44 07 17

This information is information that CoinShares International Limited is obliged to make public pursuant to the Securities Markets Act. The information was sent for publication, through the agency of the contact persons set out above, on 30th April 2024, at 8:00 a.m. CET.

M Group Strategic Communications
Peter Padovano
[email protected]

Attachment

• COINSHARES_ANNUAL_REPORT_2023

10 April 2024 | SAINT HELIER, Jersey | As announced on 13 February 2024, CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm: CS;US OTCQX: CNSRF), the leading European investment company specialising in digital assets, indicated a distribution to shareholders would be considered within the parameters of the newly adopted dividend policy.

Under the policy, the Company intends to return to shareholders by way of annual dividend of between 20% and 40% of the Group’s annual total comprehensive income, excluding currency translation differences recognised within other comprehensive income. The annual dividend will be payable in SEK in four quarterly instalments via the Euroclear Sweden settlement system.

Consistent with the policy, the Board of the Company today announces that it has resolved to declare and pay in four equal instalments an annual dividend in relation to the financial year ending 31 December 2023 of GBP 0.13 per ordinary share, amounting to approximately GBP 9,250,492, to be paid from the Group’s reserves. The dividend to holders of ordinary shares will be made in sterling (GBP) and subsequently, before distribution to shareholders who hold ordinary shares via Euroclear Sweden, converted to SEK at prevailing rates at the time of distribution.

The key dates for the annual dividend are as follows:

Ex-dividend date Record date Payment date Total Dividend Tranche 1 29 April 2024 30 April 2024 3 May 2024 GBP 2,312,623 Tranche 2 27 June 2024 28 June 2024 3 July 2024 GBP 2,312,623 Tranche 3 27 September 2024 30 September 2024 3 October 2024 GBP 2,312,623 Tranche 4 30 December 2024 31 December 2024 6 January 2025 GBP 2,312,623

In accordance with Article 115(4) of the Companies (Jersey) Law 1991, each payment will be subject to an assessment of the financial health of the Group by its Board.

About CoinShares

CoinShares is the European leading 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, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

CoinShares announces issue of options under the Employee Incentive Plan

20 March 2024 | SAINT HELIER, Jersey | CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets has today granted 115,000 options (the “Options”) over ordinary shares of £0.000495 par value each (“Ordinary Shares”). The Options have been granted under the Company’s Employee Incentive Plan (“EIP”) as part of the staff remuneration for the financial year ended 31 December 2023, as approved by the Board on 19 March 2024.

The 115,000 Options granted represent 0.17% of the issued share capital of the Company, bringing the total number of shares currently under option in issue to 3,779,431 (5.29% of the issued share capital of the Company).

The vesting date of the Options granted shall be 20 March 2027, being three years from the date of grant. The exercise price of the Options is SEK 50.4 per Ordinary Share.

No options were granted under the EIP to persons discharging managerial responsibilities for the Company.

About CoinShares

CoinShares is the leading European alternative asset manager 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. Founded in 2013, the firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]

Investor Relations | +44 (0)1534 513 100 | [email protected]

• Förvärvet fullföljer det avtal som ger CoinShares en exklusiv option att förvärva Valkyrie Funds LLC ("Valkyrie") och sponsorrättigheterna till BRRR, Valkyries Bitcoin ETF.
  
  
• Valkyries regulatoriska licenser kompletterar CoinShares befintliga amerikanska tillstånd och bidrar till att skapa en solid grund för CoinShares att fortsätta att genomföra sin expansionsplan inom amerikansk tillgångsförvaltning.
  
  
• Förvärvet ger CoinShares en stak plattform för att utöka sin verksamhet inom digitala tillgångar till USA och bidrar med cirka 530 miljoner USD av nya tillgångar under förvaltning från $BTF, $WGMI, $BRRR och $BTFX.
  
  
• CoinShares planerar namnbyte på Valkyrie som företagets amerikanska tillgångsförvaltnings-plattform vilken kommer att koncentrera sig på att skapa innovativa produkter som särskiljer sig på marknaden.
  
  
• Valkyries produktlinje kommer så småningom att drivas under varumärket CoinShares för att säkerställa konsekvent användning av varumärket och skapa kännedom.
  
  

12 mars 2024 | SAINT HELIER, Jersey | CoinShares International Limited (”CoinShares” eller ”Bolaget”) (Nasdaq Stockholm: CS;US OTCQX: CNSRF), det ledande europeiska investerings-företaget specialiserat på digitala tillgångar, tillkännagav idag att förvärvet av Valkyrie Funds LLC (”Valkyrie”), investeringsrådgivningsverksamheten för Valkyrie Investments Inc. ("Valkyrie Investments") samt sponsorrättigheterna till Valkyrie Bitcoin Fund, Bitcoin ETF slutförts. Med tillägget av Valkyries cirka 530 miljoner USD i tillgångar under förvaltning ("AUM") har CoinShares AUM ökat till cirka 7.3 miljarder USD globalt per den 11 mars 2024. Detta avgörande steg påskyndar CoinShares expansion till den amerikanska marknaden och är ytterligare en milstolpe i att bygga en global kapitalförvaltningsfranchise.

Som tidigare meddelats har CoinShares haft en option att förvärva Valkyrie sedan november 2023, vilket nyttjades efter Valkyrie Investments lansering av Valkyrie Bitcoin Fund i januari 2024. Avslutet av förvärvet förstärker CoinShares djupa engagemang i Valkyries tillväxt och framgång, samtidigt som det främjar skapandet av banbrytande digitala investeringslösningar.

Framöver planerar CoinShares att använda Valkyries ETF-infrastruktur för att utveckla sin amerikanska kapitalförvaltningsverksamhet med ett tydligt fokus på produktinnovation och marknadsdifferentiering. Den nya plattformen kommer att fungera som en framåtblickande tematisk tillgångsförvaltare för den amerikanska marknaden, baserad på framgången med egna produkter som $WGMI - den högst presterande icke-hävstångsbaserade ETF:n 2023 inom alla sektorer - och den nyligen introducerade $BTFX, en 2x hävstångsfinansierad bitcoin-termins-ETF. Dessa erbjudanden visar CoinShares engagemang för att leverera olika och avancerade strategier som går utöver bara betaexponering för digitala tillgångar. CoinShares är väl rustat med en omfattande uppsättning verktyg, inklusive hedgefondexpertis, kvantitativ forskning, aktieanalys och djupgående kunskap om digitala tillgångar vilket har gjort det möjligt för företaget att skapa innovativa, högpresterande och unika produkter som är skräddarsydda för investerarnas förväntningar i det ekonomiska landskapet under utveckling.

"För 10 år sedan började CoinShares erbjuda digital tillgångsexponering till europeiska investerare genom reglerade produkter med ett stadigt engagemang för innovation och var först på marknaden.
Valkyrie-förvärvet är ytterligare ett steg i vår tillväxtstrategi med ett särskilt fokus på USA. Detta förvärv tillför ytterligare 530 miljoner USD AUM till CoinShares vilket gör det till en av de bästa tillgångarna från första dagen. Än viktigare, det breddar vårt produktutbud, stärker vår innovationskapacitet och ökar vår totala adresserbara marknad med faktor femton. USA representerar en kritisk marknad för alla kapitalförvaltare och med en dedikerad plattform samt rätt produktmarknadsanpassning är CoinShares redo att leverera betydande värde till våra intressenter.
Vi välkomnar våra Valkyrie-kollegor till CoinShares-teamet och ser fram emot vår gemensamma resa." Jean-Marie Mognetti, VD för CoinShares

Som Europas ledande investeringsbolag specialiserat på digitala tillgångar har CoinShares konsekvent visat förtroende och tillförlitlighet sedan starten 2014. Vår expertis är oöverträffad inom kryptoområdet, vilket gör att vi inte endast kan verka som ledare utan också som utbildare för våra kunder. Vi är engagerade i att vägleda dem genom den dynamiska resa som stöds av vårt erfarna forskarteam och innovativa lösningar. Vårt löfte är att vara en pålitlig partner för att navigera i komplexiteten inom digitala tillgångar." Frank Spiteri, CoinShares Head of Asset Management

Efter slutförandet av förvärvet har CoinShares initierat processen att integrera Valkyrie i sin portfölj av varumärken där båda teamen arbetar tillsammans för att säkerställa en smidig övergång och för fortsatt utmärkta produkterbjudanden. Centralt för denna integration är det strategiska beslutet att ändra varumärket Valkyrie inom CoinShares-paraplyet. Detta initiativ, som förväntas slutföras till sommaren syftar till att förena produktsortimentet i hela CoinShares ekosystem, och därigenom stärka varumärket och positionering i USA.

Ytterligare information:
Den 12 mars 2024 undertecknade CoinShares och Valkyrie Investments Inc. de definitiva avtalen som slutförde CoinShares förvärv av Valkyrie Funds LLC, den amerikanska digitala kapitalförvaltarens investeringsrådgivningsverksamhet specialiserad på aktivt förvaltade av börshandlade kryptovalutafonder. Den slutliga köpeskillingen, som regleras i slutet av en treårig tilläggsköpeskilling, baseras på den förvärvade verksamhetens ekonomiska resultat. De slutgiltiga avtalen innehåller sedvanliga sälj- och köpevillkor.

OM COINSHARES

CoinShares är ett ledande europeiskt investeringsföretag specialiserat på digitala tillgångar, som erbjuder ett brett utbud av finansiella tjänster inom investeringsförvaltning, handel och värdepapper till ett brett spektrum av kunder, inklusive företag, finansiella institutioner och privatpersoner. Med fokus på kryptovaluta sedan 2013 har företaget sitt huvudkontor i Jersey, med kontor i Frankrike, Sverige, Schweiz, Storbritannien och USA. CoinShares är reglerat av och lyder under Jersey Financial Services Commission, i Frankrike av Autorité des marchés financiers, i USA av Financial Industry Regulatory Authority. CoinShares är börsnoterat på Nasdaq Stockholm med tickern CS och på OTCQX med tickern CNSRF.

För mer information om CoinShares, vänligen besök: https://coinshares.com
CoinShares | +44 (0)1534 513 100 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

PRESSKONTAKT

CoinShares
Benoît Pellevoizin
[email protected]
+33 6 72 44 07 17

M Group Strategic Communications
Peter Padovano
[email protected]

• Acquisition follows entry into an agreement granting CoinShares an exclusive option to acquire Valkyrie Funds LLC (“Valkyrie”) and the Sponsor rights to BRRR, Valkyrie’s physically-backed Bitcoin ETF
• Valkyrie’s regulatory licences are complementary to CoinShares’ existing U.S. permissions and contribute to establishing solid foundations for CoinShares to continue executing its U.S. asset management expansion plan.
• It provides CoinShares with a promising platform to expand its digital assets expertise into the United States and contributes approximately $530 million of new assets under management from $BTF, $WGMI, $BRRR , and $BTFX .
• CoinShares plans to rebrand Valkyrie as the Company’s U.S. asset management platform that will concentrate on creating innovative products that stand out in the market.
• Valkyrie's product line will eventually be operated under the CoinShares brand to ensure brand consistency and awareness.
  

12th March 2024 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares” or “the Company”) (Nasdaq Stockholm: CS;US OTCQX: CNSRF), the leading European investment company specialising in digital assets, today announced the completion of its acquisition of Valkyrie Funds LLC (“Valkyrie”), the investment advisory business of Valkyrie Investments Inc. (“Valkyrie Investments”), as well as the Sponsor rights to the Valkyrie Bitcoin Fund, the physically-backed Bitcoin ETF. With the addition of approximately Valkyrie’s $530 million of assets under management (“AUM”), CoinShares’ AUM has increased to approximately $7.3 billion globally as of 11th March 2024. This pivotal move significantly accelerates CoinShares' expansion into the U.S. market and is a further milestone towards building a global asset management franchise.

As previously announced, CoinShares has held an option to acquire Valkyrie since November 2023, which was exercised following Valkyrie Investments’ launch of Valkyrie Bitcoin Fund in January 2024. The close of the acquisition enhances CoinShares' deep commitment to Valkyrie's growth and success while also promoting the creation of cutting-edge digital asset investment solutions.

Looking ahead, CoinShares plans to use the Valkyrie ETF infrastructure to develop its U.S. asset management business, with a clear focus on product innovation and market differentiation. The new platform will operate as a forward-looking thematic asset manager for the U.S. market, leaning on the success of unique thematic products such as $WGMI — the highest-performing non-leveraged ETF in 2023 across all sectors — and the newly introduced $BTFX, a 2x leveraged bitcoin futures ETF. These offerings demonstrate CoinShares’ commitment to delivering diverse and advanced strategies that go beyond mere beta exposure to digital assets. CoinShares is well equipped with a comprehensive suite of tools, including hedge fund expertise, quantitative research, equity analysis, and profound digital asset knowledge, that has enabled the Company to craft innovative, high-performing, and unique products tailored to investor expectations in the evolving financial landscape.

Jean-Marie Mognetti, CEO of CoinShares, commented on the acquisition: “10 years ago, CoinShares started offering digital asset exposure to European investors through regulated products with a steadfast commitment to innovation and being first to market.

The Valkyrie acquisition is yet another step in our growth strategy with a special focus this time in the U.S. This acquisition brings an additional $530 million AUM to CoinShares, which makes it a top line contributor from day one. More importantly, it broadens our product offerings, strengthens our innovation capacity, and increases by a factor of 15 our total addressable market.

The U.S. represents a critical market for any asset manager and with a dedicated platform as well as the right product-market fit, CoinShares is poised to deliver significant value to its stakeholders.

We welcome our Valkyrie colleagues to the CoinShares team and are looking forward to their contribution to our journey."

Frank Spiteri, CoinShares' Head of Asset Management, remarked: "As Europe's leading investment company specialising in digital assets, CoinShares has consistently demonstrated trust and reliability with its crypto products and services since 2014. Our expertise is unparalleled in the crypto space, allowing us to serve not just as leaders but also as educators for our clients. We are committed to guiding them through this dynamic journey, which is supported by our seasoned research team and innovative solutions. Our promise is to be a trusted partner in navigating the complexities of digital assets."

Following the completion of the acquisition, CoinShares has initiated the process of seamlessly blending Valkyrie into its portfolio of brands, with both teams working together to ensure a smooth transition and the continued excellence of product offerings. Central to this integration is the strategic decision to rebrand Valkyrie under the CoinShares umbrella. This initiative, which is expected to be finalised by the summer, aims to unify the product lineup across the entire CoinShares ecosystem, thereby reinforcing brand consistency and amplifying brand awareness in the U.S.

Technical note:
On 12th March 2024 CoinShares and Valkyrie Investments Inc. signed and closed the definitive agreements completing CoinShares acquisition of Valkyrie Funds LLC, the U.S. digital asset manager's investment advisory business specialising in actively managed cryptocurrency exchange-traded funds. The final purchase price, which is settled at the end of a three-year earnout period, depends on the financial results of the acquired business. The definitive agreements contain customary vendor and purchaser representations.

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 U.K. and the U.S. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the U.S. by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

PRESS CONTACT

CoinShares
Benoît Pellevoizin
[email protected]
+33 6 72 44 07 17

M Group Strategic Communications
Peter Padovano
[email protected]

14 February 2024 | SAINT HELIER, Jersey - As announced on 07 November 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, resolved to extend a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 07 November 2023, up to and including 30 May 2024 for total maximum amount of SEK 30 million in accordance with the authorisation from the Annual General Meeting on 31 May 2023.

The Board of Directors’ resolution to implement the share buy-back program was made after the Board's review of the Company's capital structure and was implemented for the purposes of reducing the capital of the Company.

The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):

DateNumber of shares acquiredLowest price paid (SEK)Highest price paid (SEK)Volume weighted average (SEK)07 February 20241,600 40.45 41.35 40.87 1,600

All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company's holding of own shares as of 14 February 2024 amounts to 1,196,501 shares. The total number of shares in CoinShares amounts to 67,655,461.

Following the announcement that the Company has adopted an amended dividend policy, the Board of Directors has resolved to cancel 1,196,501 treasury shares, which were acquired through share buy-backs up to 07 February 2024.

The cancellation of own shares will be registered with Euroclear Sweden and the Company’s Registrar as soon as possible. After the cancellation, the total number of shares will be CoinShares is 66,458,960 and the total number of votes attached to the shares will be 66,458,960. Following registration of the cancellation, the Company will hold no treasury shares.

For a full break-down of repurchases made, please refer to the attached announcement.

About CoinShares

CoinShares is the leading European alternative asset manager 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. Founded in 2013, the firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 GMT on Wednesday, 14 February 2024.

Attachment

• 20240214 - Appendix to press release - share buy-back

13 february 2024 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares'' eller “företaget”) (Nasdaq Stockholm: CS;US OTCQX: CNSRF), den ledande europeiska alternativa kapitalförvaltaren specialiserad på digitala tillgångar, har idag publicerat sitt resultat för det fjärde kvartalet som avslutades den 31 december 2023.

Jean-Marie Mognetti, CoinShares VD säger:

”Efter att sedan 2022 förfinat vår strategi, är vi nu helt rätt väg. Såsom 2023 utvecklats, är vi glada över att se siffror som bekräftar vår strategi med fortsatt stabil EBITDA under hela året och särskilt under fjärde kvartalet.

Men det är mer än siffrorna;det är de sammantagna ansträngningar från varje affärsenhet och företagsfunktion som har skapat detta positiva resultat.

2023 blev vårt näst bästa år någonsin, en bekräftelse på styrkan i vår strategi och operationella förmåga.

Vårt fokus är nu att dra fördel av detta momentum, med sikte på att expandera globalt och positionera CoinShares som den självklara ”one-stop-shopen” för investeringar i digitala tillgångar över hela världen."

Finansiella höjdpunkter för det fjärde kvartalet

• Kombinerade intäkter, vinster och övriga intäkter för kvartalet uppgick till 33,3 miljoner pund (Q4 2022: 14,3 miljoner pund)
• Justerad EBITDA för Q4 uppgick till 25,7 miljoner pund (Q4 2022: minus 23,8 miljoner pund)
• Summa totalt resultat för Q4 2023 på 15,3 miljoner pund (Q4 2022: minus 37,1 miljoner pund)
  
  

Finansiella höjdpunkter för året 2023

• Kombinerade intäkter, vinster och övriga intäkter för kvartalet uppgick till 85.7 miljoner pund (2022: 72.4 miljoner pund)
• Justerad EBITDA för 2023 uppgick till 56,9 miljoner pund (2022: minus 6,8 miljoner pund)
• Summa totalt resultat för 2023 på 37,9 miljoner pund (2022: 2,9 miljoner pund)
  
  

Q4 2023 operational highlights

• Positiv start på 2023, genomgående positiv EBITDA med stark utveckling i Q4.
  
  
• Kapitalförvaltning: förvaltningsavgifter för det fjärde kvartalet på 13,0 miljoner pund. CoinShares Physical drev ett betydande inflöde och bidrog till det totala plattformsinflödet på 213,2 miljoner amerikanska dollar. CoinShares Physicals AUM nådde 567,3 miljoner pund (exklusive CoinShares seed) vilket motsvarar 19% av koncernens totala AUM.
  
  
• CoinShares Blockchain Global Equity Index (Index): Starkt fjärde kvartal med 51 % avkastning på året 2023, överträffade MSCI World och S&P 500. Avslutade 2023 med 576,1 miljoner pund som jämfördes med indexet, det näst största i sitt slag globalt. Expansionen till den amerikanska marknaden möjliggör en större investerarbas.
  
  
• Kapitalmarknader: Resultat för det fjärde kvartalet på 12,7 miljoner pund. Resultatet förstärktes av insatser, handelsvinster och utlåning. Hedge Fund Solutions produkter, särskilt Bitcoin-strategin som överträffade sitt jämförelseindex.
  
  
• Huvudsakliga investeringar: Återhämtning under det fjärde kvartalet med strategiska avyttringar i 3iQ och SBG vilket genererar likviditet för återinvestering.
  
  
• Generellt starkt resultat med justerad EBITDA på 25,7 miljoner pund för det fjärde kvartalet, och med en helårssiffra för 2023 på 56,9 miljoner pund.
  
  

Utdelningspolicy

Styrelsen har beslutat om ändrad utdelningspolicy. Parallellt med fokus på tillväxt vill vi belöna våra aktieägare för deras förtroende och stöd.

Policyn stipulerar att den årliga utdelningen ska vara mellan 20–40% av koncernens årliga totala resultat, exklusive valutaomräkningsdifferenser.

Den årliga utdelningen kommer att betalas ut i SEK i fyra kvartalsvisa delbetalningar via Euroclear Sweden och storlek på utdelning kommer att bedömas baserat på en bedömning av styrelsen avseende koncernens finansiella status och kassaflödesförutsättningar innan varje utbetalning görs.

CoinShares upprätthåller en rad starka bankrelationer globalt, men möjligheten att betala utdelning förblir under förutsättning att en nödvändig svensk bankrelation etableras för att möjliggöra utbetalning via Euroclear. Vi kommer att informera ytterligare om detta så snart det är möjligt.

Avslutande anmärkningar

Resultatet för det fjärde kvartalet markerar koncernens starkaste kvartal sedan starten 2022 och har bidragit till att 2023 är det näst starkaste året i koncernens historia sedan 2021. Fullständiga detaljer om det fjärde kvartalets resultatet, inklusive finansiell information om var och en av koncernens affärsenheter, ingår i den fullständiga rapporten, vilken är tillgänglig här.

Årsredovisningen för koncernen, inklusive fullständig reviderad ekonomi, kommer att publiceras den 30 april 2024.

Ladda ner den fullständiga svenska sammanfattningen här.

Om COINSHARES

CoinShares är en ledande europeisk alternativ kapitalförvaltare, specialiserad på digitala tillgångar som erbjuder ett brett utbud av finansiella tjänster inom investeringsförvaltning, handel med värdepapper till en bred kundgrupp av privat- och företagskunder samt till finansiella institutioner. Företaget är fokuserat på krypto sedan 2013 och har huvudkontor i Jersey, och också med kontor i Frankrike, Sverige, Schweiz, Storbritannien och USA. CoinShares har sitt säte i Jersey och reglerat av Jersey Financial Services Commission, i Frankrike av Autorité des marchés financiers, i USA av Financial Industry Regulatory Authority. CoinShares är ett publikt bolag noterat på Nasdaq Stockholm Mid-Cap under tickern CS och på OTCQX under tickern CNSRF.

För mer information vänligen besök: https://coinshares.com
Telefon | +44 (0)1534 513 100 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

Denna information är information som CoinShares International Limited är skyldig att offentliggöra i enlighet med EU:s marknadsmissbruksförordning 596/2014. Informationen i detta pressmeddelande har publicerats genom förmedling av kontaktpersonerna nedan, kl. 7:00 CET den 13 februari 2024.

Press kontakt

CoinShares
Benoît Pellevoizin
[email protected]

Bilagor

• coinshares_q4_23_report_swedish
• coinshares_q4_23_report

13^th February 2024 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares'' or “the Group”) (Nasdaq Stockholm: CS;US OTCQX: CNSRF), the leading European alternative asset manager specialising in digital assets, has today published its results for the quarter ending 31^st December 2023.

Jean-Marie Mognetti, Chief Executive Officer of CoinShares said:

“After refining our strategy back in 2022, we're now navigating the correct course. As 2023 unfolded, we've been delighted to see the numbers validating our approach, with our EBITDA remaining robust throughout the year, particularly in Q4.

Yet, it's not solely about the numbers;it's the cohesive effort of every business unit and corporate function that has driven this success.

2023 has emerged as our second-best year on record, a confirmation of the solidity of our strategies and operational strength.

Our focus now is to leverage this momentum, aiming to expand globally and position CoinShares as the definitive one-stop shop for digital asset investment worldwide.”

Q4 2023 financial highlights

• Q4 revenue, gains and other income of £33.3 million (Q4 2022: £14.3 million)
• Q4 adjusted EBITDA of £25.7 million (Q4 2022: negative £23.8 million)
• Total comprehensive income for Q4 2023 of £15.3 million (Q4 2022: negative £37.1 million)
  
  

Full Year 2023 financial highlights

• 2023 revenue, gains and other income of £85.7 million (2022: £72.4 million)
• 2023 adjusted EBITDA of £56.9 million (2022: negative £6.8 million)
• Total comprehensive income for 2023 of £37.9 million (2022: £2.9 million)
  
  

Q4 2023 operational highlights

• Positive start to 2023, consistent positive EBITDA throughout, with a very strong Q4 performance.
  
  
• Asset Management: Q4 management fees of £13.0 million. CoinShares Physical drove significant inflow, contributing to a total year platform inflow of $213.2 million. CoinShares Physical's AUM reached £567.3 million (excluding CoinShares’ seed) representing 19% of total Group’s AUM.
  
  
• CoinShares Blockchain Global Equity Index (Index): Strong Q4, 51% return in 2023, surpassing MSCI World and S&P 500. Ended 2023 with £576.1 million benchmarked to the Index, the second-largest of its kind globally. Expansion into the US market set to tap into a larger investor base.
  
  
• Capital Markets & Hedge Fund Solutions: Q4 top-line performance of £12.7 million. Performance boosted by staking, trading gains, and lending.
  
  
• Principal Investments: Recovery in Q4 with strategic divestments in 3iQ and SBG, generating liquidity for reinvestment.
  
  
• Overall strong performance with Adjusted EBITDA of £25.7 million for Q4, full-year figure at £56.9 million.
  
  

Dividend policy

The board of directors has adopted an amended dividend policy. While we remain committed to growth, we also wish to reward our shareholders for their trust and support.

The policy stipulates that the annual dividend payment will be between 20% and 40% of the Group’s annual total comprehensive income, excluding currency translation differences.

The annual dividend payment will be made payable in SEK in four quarterly instalments via the Euroclear Sweden settlement system, subject to an assessment by the Board of the financial health and cash requirements of the Group prior to each payment being made.

CoinShares maintains a variety of strong banking relationships globally, however the ability to pay a dividend remains subject to the successful establishment of the requisite Swedish banking relationship to facilitate payment through Euroclear. A further update will be made in due course.

Concluding remarks

The performance for Q4 marks the Group’s strongest quarter since the end of 2021 and has contributed to 2023 being the second strongest year in the Group’s history after 2021. Full details of the Q4 results, inclusive of financial information on each of the Group’s business units, are included within the full report, available here.

The Annual Report for the Group, inclusive of full audited financials is due to be released on 30^th April 2024.

ENDS

Download the Swedish Executive Summary here.

ABOUT COINSHARES

CoinShares is the leading European alternative asset manager 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 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information in this press release has been published through the agency of the contact persons set out below, at 7:00 am CET on 13^th February 2024.

PRESS CONTACT

CoinShares
Benoît Pellevoizin
[email protected]

M Group Strategic Communications
Peter Padovano
[email protected]

Attachment

• coinshares_q4_23_report

07 February 2024 | SAINT HELIER, Jersey - As announced on 07 November 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, resolved to extend a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 07 November 2023, up to and including 30 May 2024 for total maximum amount of SEK 30 million in accordance with the authorisation from the Annual General Meeting on 31 May 2023.

The Board of Directors’ resolution to implement the share buy-back program was made after the Board's review of the Company's capital structure and was implemented for the purposes of reducing the capital of the Company.

The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):

DateNumber of shares acquiredLowest price paid (SEK)Highest price paid (SEK)Volume weighted average (SEK)31 January 20241,450 40.75 41.40 41.01 01 February 20243,700 39.75 40.90 40.29 02 February 20244,900 39.80 40.40 39.95 05 February 20242,100 40.10 40.40 40.23 06 February 20242,250 39.60 40.35 40.00 14,400

All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company's holding of own shares as of 07 February 2024 amounts to 1,203,347 shares. The total number of shares in CoinShares amounts to 67,655,461.

For a full break-down of repurchases made, please refer to the attached announcement.

About CoinShares

CoinShares is the European leading alternative asset manager 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. Founded in 2013, the firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 GMT on Wednesday, 07 February 2024.

Attachment

• 20240207 - Appendix to press release - share buy-back

31 January 2024 | SAINT HELIER, Jersey - As announced on 07 November 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, resolved to extend a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 07 November 2023, up to and including 30 May 2024 for total maximum amount of SEK 30 million in accordance with the authorisation from the Annual General Meeting on 31 May 2023.

The Board of Directors’ resolution to implement the share buy-back program was made after the Board's review of the Company's capital structure and was implemented for the purposes of reducing the capital of the Company.

The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):

DateNumber of shares acquiredLowest price paid (SEK)Highest price paid (SEK)Volume weighted average (SEK)24 January 20244,175 38.10 39.15 38.69 25 January 20243,625 38.90 40.20 39.92 26 January 20241,801 39.75 40.20 39.94 29 January 20241,250 39.90 40.95 40.43 30 January 20241,505 40.75 41.10 40.97 12,356

All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company's holding of own shares as of 31 January 2024 amounts to 1,188,947 shares. The total number of shares in CoinShares amounts to 67,655,461.

For a full break-down of repurchases made, please refer to the attached announcement.

About CoinShares

CoinShares is the European leading alternative asset manager 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. Founded in 2013, the firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 GMT on Wednesday, 31 January 2024.

Attachment

• 20240131 - Appendix to press release - share buy-back

18 January 2024 | SAINT HELIER, Jersey - the Nomination Committee of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, hereby announces the following proposals for the Annual General Meeting of shareholders on 31 May 2024, with regard to the election of the members and Chair of the Board of Directors.

The Nominee Committee proposes the re-election of all current members of the Board. Accordingly, Daniel Masters, Jean-Marie Mognetti, Carsten Køppen, Christine Rankin, Viktor Fritzén and Johan Lundberg are proposed as members of the Board. The Nomination Committee proposes that Daniel Masters be re-elected as Chair of the Board.

The Nomination Committee of CoinShares International Limited consists of the following members:

• Michael Carlton, appointed by Daniel Masters, Chair of the Nomination Committee
• Jean-Frédéric Mognetti, appointed by Mognetti Partners Limited
• Paul Davidson, appointed by Russell Newton
• Johan Lundberg, representative of the Board of Directors of CoinShares International Limited

Information about the members of the Board of CoinShares International Limited is available on the company’s website .

The Nomination Committee’s complete proposal will be presented in the notice of the Annual General Meeting. In connection with the issuance of the notice, the Nomination Committee’s motivated statement will also be provided on the company’s website.

For further information, please contact:
Johan Lundberg, Member of the Nomination Committee of CoinShares International Limited
Tel: +46 739 88 04 22
[email protected]

About CoinShares

CoinShares is the European leading alternative asset manager 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. Founded in 2013, the firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the Financial Industry Regulatory Authority. CoinShares is publicly listed on the Nasdaq Stockholm under the ticker CS and the OTCQX under the ticker CNSRF.

24 January 2024 | SAINT HELIER, Jersey - As announced on 07 November 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, resolved to extend a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 07 November 2023, up to and including 30 May 2024 for total maximum amount of SEK 30 million in accordance with the authorisation from the Annual General Meeting on 31 May 2023.

The Board of Directors’ resolution to implement the share buy-back program was made after the Board's review of the Company's capital structure and was implemented for the purposes of reducing the capital of the Company.

The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):

DateNumber of shares acquiredLowest price paid (SEK)Highest price paid (SEK)Volume weighted average (SEK)17 January 20242,100 37.35 38.90 38.45 18 January 20245,767 39.05 39.85 39.41 19 January 20246,957 37.15 39.20 38.16 22 January 20241,500 39.00 39.25 39.12 16,324

All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company's holding of own shares as of 24 January 2024 amounts to 1,176,591 shares. The total number of shares in CoinShares amounts to 67,655,461.

For a full break-down of repurchases made, please refer to the attached announcement.

About CoinShares

CoinShares is the European leading alternative asset manager 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. Founded in 2013, the firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 GMT on Wednesday, 24 January 2024.

Attachment

• 20240124 - Appendix to press release - share buy-back

17 January 2024 | SAINT HELIER, Jersey - As announced on 07 November 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, resolved to extend a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 07 November 2023, up to and including 30 May 2024 for total maximum amount of SEK 30 million in accordance with the authorisation from the Annual General Meeting on 31 May 2023.

The Board of Directors’ resolution to implement the share buy-back program was made after the Board's review of the Company's capital structure and was implemented for the purposes of reducing the capital of the Company.

The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):

DateNumber of shares acquiredLowest price paid (SEK)Highest price paid (SEK)Volume weighted average (SEK) 10 January 2024 9,100 39.05 40.40 39.54 11 January 2024 1,798 39.00 40.90 40.41 12 January 2024 6,933 38.00 40.90 39.82 15 January 2024 2,450 37.00 37.70 37.38 16 January 2024 6,374 36.05 37.40 36.65 26,655

All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company's holding of own shares as of 17 January 2024 amounts to 1,518,577 shares. The total number of shares in CoinShares amounts to 68,013,771.

For a full break-down of repurchases made, please refer to the attached announcement.

About CoinShares

CoinShares is the European leading alternative asset manager 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. Founded in 2013, the firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 GMT on Wednesday, 17 January 2024.

Attachment

• 20240117 - Appendix to press release - share buy-back

CoinShares har bekräftat att de nyttjar sin den strategiska möjligheten att förvärva Valkyrie Funds, vilket stärker dess inträde på den amerikanska marknaden.

12 januari 2023 | SAINT HELIER, Jersey | CoinShares International Limited ("CoinShares" eller "bolaget") (Nasdaq Stockholm: CS;US OTCQX: CNSRF), meddelade idag att de har nyttjat rättigheten att förvärva Valkyrie Funds LLC ("Valkyrie Funds Valkyrie Funds LLC (”Valkyrie Funds”), en amerikansk digital tillgångsförvaltare inom investeringsrådgivning, specialiserad på aktivt förvaltade av kryptovaluta-ETF:er, genom Valkyrie Investments Inc. (”Valkyrie Investments”).

CoinShares beslut att nyttja denna option kommer som ett direkt resultat av SEC-godkännandet för emissionen av Valkyries spot Bitcoin ETF, The Valkyrie Bitcoin Fund (BRRR), som började handlas torsdagen den 11 januari 2024 klockan 09:30 ET på Nasdaq som en del av den första kohorten av emittenter av sådana produkter i USA. Detta beslut ligger i linje med den positiva utvecklingen i det amerikanska regelverket och CoinShares strategi att utöka sitt utbud av digitala tillgångar på den amerikanska marknaden.

När förvärvet är genomfört förväntas förvärvet stärka CoinShares befintliga AUM (Assets Under Management) som för närvarande är på 4,5 miljarder USD med ytterligare cirka 110 miljoner USD, vilket är den nuvarande nivån på AUM inom Valkyries befintliga ETF-produkter: The Valkyrie Bitcoin Fund (Nasdaq: BRRR), The Valkyrie Bitcoin och Ether Strategi ETF (Nasdaq: BTF) och The Valkyrie Bitcoin Miners ETF (Nasdaq: WGMI).

Utövandet av denna option innebär ett avgörande steg i Coinshares förvärvsprocess, vilket tydligt visar bolagets ambition att förvärva Valkyrie Funds. När genomförandet skett kommer förvärvet att leda till en direkt integration av Valkyries Funds och verksamhet i CoinShares-gruppen.

" Sedan vår start 2014 har CoinShares konsekvent lett den europeiska digitala tillgångsindustrin och satt riktmärken för transparens och investerarskydd med sina reglerade digitala tillgångsprodukter. Vår expertis har gjort det möjligt för oss att dominera den europeiska marknaden med över 40 procent av alla tillgångar under förvaltning i krypto-ETP. Att nyttja vår option att förvärva Valkyrie Funds kommer att utöka vår europeiska framgång i USA, och erbjuda stor tillgång till reglerade digitala tillgångsprodukter till amerikanska investerare. Denna expansion är ett tydligt uttryck för vår aptit på förvärv och stärker vår ambition att vara en global ledare inom det digitala tillgångsområdet."
Jean-Marie Mognetti, VD CoinShares

" CoinShares har etablerat sig som den främsta aktören inom digitala tillgångar och vi är glada att se hur de fortsätter att utveckla branschen genom att få tillgång till Valkyries team och expertis. CoinShares välkända kapacitet och bevisad framgång i kombination med våra styrkor styrker oss att driva den amerikanska investeringssfären av digitala tillgångar, särskilt inom ETF-marknaden. Att bli en del av en så stark och framgångsrik grupp utgör en ny fas för oss.” Leah Wald, VD Valkyrie Funds

Förvärvet är i avvaktan på slutförandet av tillfredsställande due diligence, slutförandet av nödvändiga juridiska avtal och slutgiltigt godkännande av styrelsen. Valkyrie Funds behåller sitt operativa oberoende tills förvärvet är helt genomfört och slutfört.

OM COINSHARES
CoinShares är ett ledande europeiskt investeringsföretag specialiserat på digitala tillgångar, som erbjuder ett brett utbud av finansiella tjänster inom investeringsförvaltning, handel och värdepapper till ett brett spektrum av kunder, inklusive företag, finansiella institutioner och privatpersoner. Med fokus på kryptovaluta sedan 2013 har företaget sitt huvudkontor i Jersey, med kontor i Frankrike, Sverige, Schweiz, Storbritannien och USA. CoinShares är reglerat av och lyder under Jersey Financial Services Commission, i Frankrike av Autorité des marchés financiers, i USA av Financial Industry Regulatory Authority. CoinShares är börsnoterat på Nasdaq Stockholm med tickern CS och på OTCQX med tickern CNSRF.

OM VALKYRIE
Valkyrie är ett specialiserat alternativt finansiellt tjänsteföretag i brytpunkten mellan traditionell finans och den framväxande kryptosektorn, vars bolag syftar till att erbjuda tillgångsförvaltning, forskning och andra tjänster. Med huvudkontor i Nashville erbjuder Valkyrie exponering av den tilltagande klassen digitala tillgångar. Valkyrie leds av erfarna tillgångsförvaltare som tidigare har lanserat flera ETF:er, börsnoterade fonder och börshandlade produkter, inklusive digitala tillgångsfonder, med bakgrund från Guggenheim Partners, MUFG Investor Services (US), Chicago Board of Trade, Chicago Mercantile Exchange och Världsbanken.

För mer information, vänligen besök: https://coinshares.com
Företag | +44 (0)1534 513 100 | [email protected]
IR | +44 (0)1534 513 100 | [email protected]

PRESSKONTAKTER

CoinShares
Benoît Pellevoizin
[email protected]
+33 6 72 44 07 17

M Group Strategic Communications
Peter Padovano
[email protected]

Denna information är information som CoinShares International Limited är skyldigt att offentliggöra enligt EU:s marknadsmissbruksförordning (596/2014). Informationen i detta pressmeddelande har publicerats genom de kontaktpersoner som anges ovan, kl. 11:00 am CET fredagen den 12 januari 2024.

CoinShares has confirmed the exercise of its strategic option to acquire Valkyrie Funds, thereby bolstering its entrance into the U.S. market.

12th January 2023 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares'' or “the Company”) (Nasdaq Stockholm: CS;US OTCQX: CNSRF), today announced it has exercised the option to acquire Valkyrie Funds LLC (“Valkyrie Funds”), the U.S. digital asset manager's investment advisory business specialising in actively managed cryptocurrency exchange-traded funds, from Valkyrie Investments Inc. ("Valkyrie Investments").

CoinShares' decision to exercise this option comes as a direct result of SEC approval for the issuance of Valkyrie’s spot Bitcoin ETF, The Valkyrie Bitcoin Fund (BRRR), which commenced trading on Thursday 11th January 2024 at 09:30 am ET on Nasdaq as part of the first cohort of issuers for such products in the U.S. This move aligns with the positive developments in the US regulatory landscape and CoinShares' strategy to expand its digital asset offerings in the U.S. market.

Upon completion, the acquisition is expected to bolster CoinShares' existing AUM, currently at $4.5 billion by approximately $110 million, being the current level of AUM within Valkyrie’s existing ETF products: The Valkyrie Bitcoin Fund (Nasdaq: BRRR), The Valkyrie Bitcoin and Ether Strategy ETF (Nasdaq: BTF) and The Valkyrie Bitcoin Miners ETF (Nasdaq: WGMI).

The exercise of this option signifies a pivotal step in the acquisition process, clearly demonstrating CoinShares' commitment to acquiring Valkyrie Funds. Once finalised, this will lead to the direct integration of Valkyrie’s’ funds and operations into the CoinShares group.

CEO of CoinShares, Jean-Marie Mognetti, commented on today’s news: “Since our inception in 2014, CoinShares has consistently led the European digital asset industry, setting benchmarks for transparency and investor protection with its regulated digital asset products. Our expertise has enabled us to dominate the European market, commanding over 40% of all assets under management in crypto ETPs. Exercising our option to acquire Valkyrie Funds aims at extending our European success in the U.S, offering unparalleled access to regulated digital asset products to American investors. This expansion is a clear statement of our appetite for acquisition to support our ambition to be a global leader in the digital asset space.”


Leah Wald, CEO of Valkyrie Funds, stated: “CoinShares has established itself as a premier player in the digital asset space and we’re excited to see how they continue advancing the space by leveraging Valkyrie’s team and expertise. CoinShares' renowned capabilities and proven success in combination with our strengths promise to propel us forward in the American digital asset investment sphere, particularly within the digital asset ETF market. Being part of such a strong and successful group marks a promising new chapter for us.”


The acquisition is pending the completion of satisfactory due diligence, the finalisation of necessary legal agreements and final Company board approval. Valkyrie Funds is maintaining its operational independence until the acquisition is fully executed and finalised.


ABOUT COINSHARES
CoinShares is the European leading 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 U.K. and the U.S. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the U.S. by the Financial Industry Regulatory Authority. CoinShares is publicly listed on the Nasdaq Stockholm under the ticker CS and the OTCQX under the ticker CNSRF.


ABOUT VALKYRIE
Valkyrie Investments is a specialised alternative financial services firm at the intersection of traditional finance and the emerging cryptocurrency sector whose affiliates aim to offer asset management, research and other services. Headquartered in Nashville, Valkyrie aims to provide exposure to the emerging digital asset class through traditional financial vehicles. Valkyrie is led by seasoned asset managers who have previously launched multiple ETFs, publicly traded funds and Exchange Traded Products, including digital asset funds with backgrounds across Guggenheim Partners, MUFG Investor Services (US), Chicago Board of Trade, Chicago Mercantile Exchange, and the World Bank.


For more information on CoinShares, please visit: https://coinshares.com
Company | +44 (0)1534 513 100 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]


PRESS CONTACT

CoinShares
Benoît Pellevoizin
[email protected]
+33 6 72 44 07 17

M Group Strategic Communications
Peter Padovano
[email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 11AM CET on Friday 12th January 2024.

10 January 2024 | SAINT HELIER, Jersey - As announced on 07 November 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, resolved to extend a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 07 November 2023, up to and including 30 May 2024 for total maximum amount of SEK 30 million in accordance with the authorisation from the Annual General Meeting on 31 May 2023.

The Board of Directors’ resolution to implement the share buy-back program was made after the Board's review of the Company's capital structure and was implemented for the purposes of reducing the capital of the Company.

The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):

DateNumber of shares acquiredLowest price paid (SEK)Highest price paid (SEK)Volume weighted average (SEK)03 January 20247,200 38.60 39.85 39.26 04 January 20241,611 38.75 39.20 39.07 08 January 20241,326 38.20 39.20 38.47 09 January 20242,033 39.10 40.10 39.73 12,170

All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company's holding of own shares as of 10 January 2024 amounts to 1,491,922 shares. The total number of shares in CoinShares amounts to 68,013,771.

For a full break-down of repurchases made, please refer to the attached announcement.

About CoinShares

CoinShares is the European leading alternative asset manager 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. Founded in 2013, the firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 GMT on Wednesday, 10 January 2024.

Attachment

• 20240110 - Appendix to press release - share buy-back

03 January 2024 | SAINT HELIER, Jersey - As announced on 07 November 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, resolved to extend a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 07 November 2023, up to and including 30 May 2024 for total maximum amount of SEK 30 million in accordance with the authorisation from the Annual General Meeting on 31 May 2023.

The Board of Directors’ resolution to implement the share buy-back program was made after the Board's review of the Company's capital structure and was implemented for the purposes of reducing the capital of the Company.

The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):

DateNumber of shares acquiredLowest price paid (SEK)Highest price paid (SEK)Volume weighted average (SEK) 28 December 2023 6,500 40.05 40.75 40.30 29 December 2023 2,393 40.30 40.80 40.47 02 January 2024 6,700 39.90 41.45 40.88 15,593

All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company's holding of own shares as of 03 January 2024 amounts to 1,479,752 shares. The total number of shares in CoinShares amounts to 68,013,771.

For a full break-down of repurchases made, please refer to the attached announcement.

About CoinShares

CoinShares is the European leading alternative asset manager 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. Founded in 2013, the firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 GMT on Wednesday, 03 January 2024.

Attachment

• 20240103 - Appendix to press release - share buy-back

31 December 2023 | SAINT HELIER, Jersey – CoinShares International Limited (“CoinShares'' or “the Company”) (Nasdaq Stockholm: CS;US OTCQX: CNSRF), Europe’s leading alternative asset manager specialising in digital assets, today announced changes in the composition of the Executive Management Committee.

Lewis Fellas, Head of CoinShares Hedge Fund Solutions, has been appointed as a member of the Executive Management Committee. Lewis is a seasoned asset manager with 23 years of industry experience (seven in digital assets) and brings with him a unique set of skills that will help to ensure the new division’s success.

In addition, Meltem Demirors has stepped down from the Executive Management Committee with immediate effect as part of a transition from her current position as Head of Strategy to one of Advisor.

About CoinShares

CoinShares is Europe’s leading alternative asset manager 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. The firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

28 December 2023 | SAINT HELIER, Jersey - As announced on 07 November 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, resolved to extend a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 07 November 2023, up to and including 30 May 2024 for total maximum amount of SEK 30 million in accordance with the authorisation from the Annual General Meeting on 31 May 2023.

The Board of Directors’ resolution to implement the share buy-back program was made after the Board's review of the Company's capital structure and was implemented for the purposes of reducing the capital of the Company.

The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):

DateNumber of shares acquiredLowest price paid (SEK)Highest price paid (SEK)Volume weighted average (SEK)20 December 202380039.95 40.10 40.02 21 December 20238,45040.65 42.00 41.24 22 December 20233,80040.05 40.80 40.35 27 December 20236,42540.05 41.45 40.57 19,475

All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company's holding of own shares as of 27 December 2023 amounts to 1,464,159 shares. The total number of shares in CoinShares amounts to 68,013,771.

For a full break-down of repurchases made, please refer to the attached announcement.

About CoinShares

CoinShares is the European leading alternative asset manager 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. Founded in 2013, the firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
• Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 GMT on Thursday, 28 December 2023.

Attachment

• 20231228 - Appendix to press release - share buy-back

20 December 2023 | SAINT HELIER, Jersey - As announced on 07 November 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, resolved to extend a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 07 November 2023, up to and including 30 May 2024 for total maximum amount of SEK 30 million in accordance with the authorisation from the Annual General Meeting on 31 May 2023.

The Board of Directors’ resolution to implement the share buy-back program was made after the Board's review of the Company's capital structure and was implemented for the purposes of reducing the capital of the Company.

The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):

DateNumber of shares acquiredLowest price paid (SEK)Highest price paid (SEK)Volume weighted average (SEK)13 December 2023400 40.60 42.15 41.56 14 December 2023500 42.40 42.40 42.40 15 December 20236,520 41.55 42.80 42.11 18 December 20237,600 41.50 43.10 42.46 19 December 20238,190 39.60 43.35 40.97 23,210

All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company's holding of own shares as of 20 December 2023 amounts to 1,444,684 shares. The total number of shares in CoinShares amounts to 68,013,771.

For a full break-down of repurchases made, please refer to the attached announcement.

About CoinShares

CoinShares is the European leading alternative asset manager 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. Founded in 2013, the firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 GMT on Wednesday, 20 December 2023.

Attachment

• 20231220 - Appendix to press release - share buy-back

13 December 2023 | SAINT HELIER, Jersey - As announced on 07 November 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, resolved to extend a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 07 November 2023, up to and including 30 May 2024 for total maximum amount of SEK 30 million in accordance with the authorisation from the Annual General Meeting on 31 May 2023.

The Board of Directors’ resolution to implement the share buy-back program was made after the Board's review of the Company's capital structure and was implemented for the purposes of reducing the capital of the Company.

The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):

DateNumber of shares acquiredLowest price paid (SEK)Highest price paid (SEK)Volume weighted average (SEK)06 December 20232,500 39.85 40.85 40.21 07 December 20231,900 39.85 40.70 40.19 08 December 20236,250 39.90 41.45 40.40 11 December 20232,250 38.50 39.30 38.98 12 December 20232,851 39.00 40.30 39.90 15,751

All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company's holding of own shares as of 13 December 2023 amounts to 1,421,474 shares. The total number of shares in CoinShares amounts to 68,013,771.

For a full break-down of repurchases made, please refer to the attached announcement.

About CoinShares

CoinShares is the European leading alternative asset manager 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. Founded in 2013, the firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 GMT on Wednesday, 13 December 2023.

Attachment

• 20231213 - Appendix to press release - share buy-back

06 December 2023 | SAINT HELIER, Jersey - As announced on 07 November 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, resolved to extend a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 07 November 2023, up to and including 30 May 2024 for total maximum amount of SEK 30 million in accordance with the authorisation from the Annual General Meeting on 31 May 2023.

The Board of Directors’ resolution to implement the share buy-back program was made after the Board's review of the Company's capital structure and was implemented for the purposes of reducing the capital of the Company.

The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):

DateNumber of shares acquiredLowest price paid (SEK)Highest price paid (SEK)Volume weighted average (SEK)29 November 20233,360 38.60 39.60 38.91 30 November 20234,145 38.05 39.45 38.60 01 December 20235,100 37.35 38.75 37.76 04 December 20231,442 39.00 40.15 39.83 05 December 20233,100 39.00 40.05 39.34 17,147

All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company's holding of own shares as of 06 December 2023 amounts to 1,405,723 shares. The total number of shares in CoinShares amounts to 68,013,771.

For a full break-down of repurchases made, please refer to the attached announcement.

About CoinShares

CoinShares is the European leading alternative asset manager 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. Founded in 2013, the firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 GMT on Wednesday, 06 December 2023.

Attachment

• 20231206 - Appendix to press release - share buy-back

29 November 2023 | SAINT HELIER, Jersey - As announced on 07 November 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, resolved to extend a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 07 November 2023, up to and including 30 May 2024 for total maximum amount of SEK 30 million in accordance with the authorisation from the Annual General Meeting on 31 May 2023.

The Board of Directors’ resolution to implement the share buy-back program was made after the Board's review of the Company's capital structure and was implemented for the purposes of reducing the capital of the Company.

The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):

DateNumber of shares acquiredLowest price paid (SEK)Highest price paid (SEK)Volume weighted average (SEK) 22 November 2023 2,550 40.75 41.40 40.95 23 November 2023 2,147 39.65 40.75 40.17 24 November 2023 3,800 39.80 41.45 40.79 27 November 2023 4,816 39.15 41.00 39.84 28 November 2023 3,850 39.05 40.50 39.62 17,163

All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company's holding of own shares as of 29 November 2023 amounts to 1,388,576 shares. The total number of shares in CoinShares amounts to 68,013,771.

For a full break-down of repurchases made, please refer to the attached announcement.

About CoinShares

CoinShares is the European leading alternative asset manager 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. Founded in 2013, the firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 GMT on Wednesday, 29 November 2023.

Attachment

• 20231129 - Appendix to press release - share buy-back

24 November 2023 | SAINT HELIER, Jersey – CoinShares International Limited (“CoinShares'' or “the Company”) (Nasdaq Stockholm: CS;US OTCQX: CNSRF), Europe’s leading alternative asset manager specialising in digital assets, today announced changes in the composition of the Nomination Committee prior to the Annual General Meeting on 31 May 2024.

The composition of the Nomination Committee ahead of the Annual General Meeting was announced in a press release on 13 September 2023. Subsequent to the press release, Gunther Thumman (representing Mognetti Partners Limited) has stepped down from the Nomination Committee and Jean-Frédéric Mognetti has been appointed as the Nomination Committee representative for Mognetti Partners Limited in place of Mr. Thumman.

Following the change, the Nomination Committee for the Annual General Meeting on 31 May 2024 shall consist of the following persons:

• Michael Carlton, appointed by Daniel Masters, Chair of the Nomination Committee
• Jean-Frédéric Mognetti, appointed by Mognetti Partners Limited
• Paul Davidson, appointed by Russell Newton
• Johan Lundberg, representative of the Board of Directors of CoinShares International Limited

The Nomination Committee’s recommendations will be presented in the Notice of the 2024 Annual General Meeting as well as on the Company’s website: https://coinshares.com. CoinShares International Limited’s Annual General Meeting will be held virtually on 31 May 2024.

Shareholders who wish to submit proposals to the Nomination Committee may do so to the Chair of the Board by sending an email to [email protected]. In order for the Nomination Committee to be able to consider a proposal, it must submit well in advance of the Annual General Meeting, but by 12 April 2024 at the latest.

For further information, please contact:
Jeri-Lea Brown, Group Company Secretary
+44 (0) 1534 513168
[email protected]

About CoinShares

CoinShares is Europe’s leading alternative asset manager 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. The firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

22 November 2023 | SAINT HELIER, Jersey - As announced on 07 June 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, resolved to extend a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 07 June 2023, up to and including 30 May 2024 for total maximum amount of SEK 30 million in accordance with the authorisation from the Annual General Meeting on 31 May 2023.

The Board of Directors’ resolution to implement the share buy-back program was made after the Board's review of the Company's capital structure and was implemented for the purposes of reducing the capital of the Company.

The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):

DateNumber of shares acquiredLowest price paid (SEK)Highest price paid (SEK)Volume weighted average (SEK) 15 November 2023 1,800 40.70 41.25 40.96 16 November 2023 4,989 41.15 42.60 41.68 17 November 2023 5,000 40.55 41.95 41.30 20 November 2023 2,431 41.60 42.10 41.81 21 November 2023 2,300 41.50 43.15 42.20 16,520

All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company's holding of own shares as of 22 November 2023 amounts to 1,371,413 shares. The total number of shares in CoinShares amounts to 68,013,771.

For a full break-down of repurchases made, please refer to the attached announcement.

About CoinShares

CoinShares is the European leading alternative asset manager 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. Founded in 2013, the firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 GMT on Wednesday, 22 November 2023.

Attachment

• 20231122 - Appendix to press release - share buy-back

CoinShares International Limited, CoinShares, Nasdaq Stockholm: CS;US OTCQX: CNSRF)
Det ledande europeiska investeringsföretaget CoinShares, specialiserat på digitala tillgångar, meddelar idag att man har säkrat exklusivitet avseende möjligheten att förvärva Valkyrie Funds LLC (”Valkyrie Funds”), en amerikansk digital tillgångsförvaltare inom investeringsrådgivning, specialiserad på aktivt förvaltade av kryptovaluta-ETF:er, genom Valkyrie Investments Inc. (”Valkyrie Investments”). CoinShares möjlighet att förvärva Valkyrie Funds från Valkyrie Investments är aktivt från och med dagens datum till och med den 31 mars 2024.

• Det möjliga förvärvet kan bli det ett steg i CoinShares expansion i USA, efterföljande lanseringen av Hedgefondlösningar i september 2023.
• CoinShares har även ingått ett varumärkeslicensavtal för Valkyries produkter inom Bitcoin spot-ETF.
• Valkyrie kommer att fortsätta att verka som en oberoende enhet tills dess CoinShares beslutar att nyttja sin rätt som förblir möjlig till och med det första kvartalet 2024.
  
  

”Den globala ETF-marknaden är fragmenterad. Etableringen av krypto spot-ETP:er i Europa skedde 2015 och fortsatt utveckling väntas gå i linje med den som skett i USA. Skillnaden i marknadsutveckling hittills visar både på utmaningar och betydande möjligheter. Möjligheten att eventuellt förvärva Valkyrie kommer att accelerera vår expansion på den amerikanska marknaden och visar vår expertis inom global digital tillgångsförvaltning.”
Jean-Marie Mognetti, CoinShares VD

Valkyrie Funds gedigna förståelse för den amerikanska marknaden och erfarenhet av att utveckla investeringsprodukter för kryptoexponering stämmer väl överens med vår vision och operativa principer. CoinShares ser fram emot att utforska detta förvärvsalternativ och att med Valkyries grundares kunskap tillsammans kunna erbjuda förstklassiga digitala produkter till amerikanska investerare."

Under de senaste 10 åren har CoinShares etablerat sig som den ledande aktören på den europeiska marknaden för kryptovaluta handlade på börsen, där man för närvarande har den största marknadsandelen och förvaltar mer än 3,2 miljarder dollar i AUM. Det möjliga strategiska förvärvet skulle bli nästa steg i CoinShares expansion på den amerikanska marknaden, efter lanseringen av CoinShares Hedgefondlösningar i september 2023.

Som en del av det möjliga förvärvet har företagen slutfört ett varumärkeslicensavtal. Under alternativperioden beviljas Valkyrie Investments, ett begränsad, återkallbart globalt tillstånd att använda namnet "CoinShares" för sina S-1-inlämningar till SEC. Om SEC godkänner Valkyrie Bitcoin Fund, planerar Valkyrie Investments att använda CoinShares namn, vilket markerar CoinShares första försök att erbjuda en allmän kryptopassiv produkt på den amerikanska marknaden.

”Centralt i vår ambition är att utöka portföljen av högkvalitativa digitala tillgångsinvesteringar och möjligheten att ansluta sig till CoinShares. Sammangåendet understryker denna gemensamma ambition och vision”, säger Leah Wald, VD för Valkyrie. ”CoinShares är en erkänd, global ledare och pionjär på den digitala tillgångsinvesteringsmarknaden med enastående marknadsexpertis och innovativ anda. Tillsammans med Valkyries etablerade närvaro i USA och befintliga erbjudanden med CoinShares globala räckvidd och infrastruktur, är vi redo att leverera banbrytande produkter som är anpassade för investerares behov.”

Alternativet ger CoinShares den exklusiva möjliga rätten att köpa 100 % av Valkyrie Funds från Valkyrie Investments, samt alla Valkyrie Investments rättigheter med Valkyrie Bitcoin Fund och eventuella andra icke-lanserade ETF:er som för närvarande innehas av Valkyrie Investments. CoinShares möjlighet att nyttja förvärvsalternativet är beroende av regulatoriska godkännanden och samtycken, adekvat granskning och slutförande av nödvändiga juridiska avtal. Valkyrie Funds kommer att fortsätta att verka som en oberoende enhet tills CoinShares slutfört och genomfört transaktionen av ett eventuellt förvärv.

För mer information, vänligen besök: https://coinshares.com
Företag | +44 (0)1534 513 100 | [email protected]
IR | +44 (0)1534 513 100 | [email protected]

PRESSKONTAKT
CoinShares
Benoît Pellevoizin
[email protected]
+33 6 72 44 07 17

M Group Strategic Communications
Peter Padovano
[email protected]

Denna information är information som CoinShares International Limited är skyldigt att offentliggöra enligt EU:s marknadsmissbruksförordning (596/2014). Informationen i detta pressmeddelande har publicerats genom de kontaktpersoner som anges ovan, kl. 16:00 CET torsdagen den 16 november 2023.

OM COINSHARES
CoinShares är ett ledande europeiskt investeringsföretag specialiserat på digitala tillgångar, som erbjuder ett brett utbud av finansiella tjänster inom investeringsförvaltning, handel och värdepapper till ett brett spektrum av kunder, inklusive företag, finansiella institutioner och privatpersoner. Med fokus på kryptovaluta sedan 2013 har företaget sitt huvudkontor i Jersey, med kontor i Frankrike, Sverige, Schweiz, Storbritannien och USA. CoinShares är reglerat av och lyder under Jersey Financial Services Commission, i Frankrike av Autorité des marchés financiers, i USA av Financial Industry Regulatory Authority. CoinShares är börsnoterat på Nasdaq Stockholm med tickern CS och på OTCQX med tickern CNSRF.

OM VALKYRIE
Valkyrie är ett specialiserat alternativt finansiellt tjänsteföretag i brytpunkten mellan traditionell finans och den framväxande kryptosektorn, vars bolag syftar till att erbjuda tillgångsförvaltning, forskning och andra tjänster. Med huvudkontor i Nashville erbjuder Valkyrie exponering av den tilltagande klassen digitala tillgångar. Valkyrie leds av erfarna tillgångsförvaltare som tidigare har lanserat flera ETF:er, börsnoterade fonder och börshandlade produkter, inklusive digitala tillgångsfonder, med bakgrund från Guggenheim Partners, MUFG Investor Services (US), Chicago Board of Trade, Chicago Mercantile Exchange och Världsbanken.

• This option to acquire is the latest step in CoinShares’ U.S. expansion, following the launch of Hedge Fund Solutions in September 2023 .
  
• CoinShares has also entered into a brand licensing agreement for Valkyrie’s products notably its pending Bitcoin spot ETF.
• Valkyrie will continue to operate as an independent entity until CoinShares decides to exercise its option which remains open until the end of Q1 2024.
  
  

16th November 2023 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares'' or “the Company”) (Nasdaq Stockholm: CS;US OTCQX: CNSRF), the leading European investment company specialising in digital assets, today announced it has secured an exclusive option to acquire Valkyrie Funds LLC (“Valkyrie Funds”), the U.S. digital asset manager’s investment advisory business specialising in actively managed cryptocurrency exchange traded funds, from Valkyrie Investments Inc. (“Valkyrie Investments”).

CoinShares’ option to acquire Valkyrie Funds from Valkyrie Investments, is active from now until its expiry on 31 March 2024.

CEO of CoinShares, Jean-Marie Mognetti, commented on today’s news: “The global ETF market is fragmented. The establishment of crypto spot ETPs in Europe since 2015, a development about to be mirrored in the U.S., is the perfect illustration. This disparity in market evolution presents both challenges and significant opportunities. The option to acquire Valkyrie is accelerating our expansion into the U.S. market and the deployment of our digital asset management expertise globally.

Valkyrie Fund’s deep understanding of the U.S. market and track record of developing investment products for crypto exposure aligns perfectly with our vision and operational ethos. CoinShares is looking forward to exploring this acquisition option and bringing, with the know-how of Valkyrie’s founders, premier digital asset products to American investors."

For the last 10 years, CoinShares has established itself as the leading player within the European crypto exchange traded product market, where it currently commands the largest market share and oversees more than $3.2B in AUM, at the date of this communication. The strategic acquisition option is the next step in CoinShares’ expansion into the U.S. market, following the launch of CoinShares Hedge Fund Solutions in September of 2023.

As part of the acquisition option deal, the two companies have finalised a brand licensing agreement. Throughout the option period, Valkyrie Investments is granted a limited, revocable global licence to use the "CoinShares" name for its S-1 filings with the SEC. Should the SEC approve the Valkyrie Bitcoin Fund, Valkyrie Investments plans to incorporate the CoinShares name, signifying CoinShares' first venture into offering a mainstream crypto passive product in the U.S. market.

“At the heart of our mission is to expand high-quality digital asset investment opportunities, joining CoinShares through this move underscores this shared ambition and vision”, stated Leah Wald, CEO of Valkyrie. “CoinShares is a recognised, global leader and first-mover in the digital asset investment landscape with exceptional market expertise and an innovative spirit. Together, with Valkyrie’s established U.S. presence and existing offerings, alongside CoinShares global reach and infrastructure, we’re poised to deliver groundbreaking products aimed at solving investors’ needs.”

The option grants CoinShares the exclusive right to purchase 100% of Valkyrie Funds from Valkyrie Investments, as well as all of Valkyrie Investments’ associated rights with the Valkyrie Bitcoin Fund and any other unlaunched ETFs currently held by Valkyrie Investments. CoinShares' exercise of the acquisition option is contingent on regulatory approvals and consents, satisfactory due diligence and the completion of requisite legal agreements. Valkyrie Funds will continue to operate as an independent entity until any potential acquisition by CoinShares is finalised and the transaction is executed.

ABOUT COINSHARES
CoinShares is the European leading 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, in the US by the Financial Industry Regulatory Authority. CoinShares is publicly listed on the Nasdaq Stockholm under the ticker CS and the OTCQX under the ticker CNSRF.

ABOUT VALKYRIE
Valkyrie is a specialised alternative financial services firm at the intersection of traditional finance and the emerging cryptocurrency sector whose affiliates aim to offer asset management, research and other services. Headquartered in Nashville, Valkyrie aims to provide exposure to the emerging digital asset class through traditional financial vehicles. Valkyrie is led by seasoned asset managers who have previously launched multiple ETFs, publicly traded funds and Exchange Traded Products, including digital asset funds with backgrounds across Guggenheim Partners, MUFG Investor Services (US), Chicago Board of Trade, Chicago Mercantile Exchange, and the World Bank.

For more information on CoinShares, please visit: https://coinshares.com
Company | +44 (0)1534 513 100 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

PRESS CONTACT

CoinShares
Benoît Pellevoizin
[email protected]
+33 6 72 44 07 17

M Group Strategic Communications
Peter Padovano
[email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 4PM CET on Thursday 16th November 2023.

15 November 2023 | SAINT HELIER, Jersey - As announced on 07 June 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, resolved to extend a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 07 June 2023, up to and including 30 May 2024 for total maximum amount of SEK 30 million in accordance with the authorisation from the Annual General Meeting on 31 May 2023.

The Board of Directors’ resolution to implement the share buy-back program was made after the Board's review of the Company's capital structure and was implemented for the purposes of reducing the capital of the Company.

The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):

DateNumber of shares acquiredLowest price paid (SEK)Highest price paid (SEK)Volume weighted average (SEK)08 November 20234,142 38.95 40.30 39.68 09 November 20233,940 40.15 40.90 40.61 10 November 2023600 41.25 41.60 41.49 13 November 20234,440 39.95 42.25 41.08 14 November 20235,091 40.05 41.75 41.01 18,213

All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company's holding of own shares as of 15 November 2023 amounts to 1,354,893 shares. The total number of shares in CoinShares amounts to 68,013,771.

For a full break-down of repurchases made, please refer to the attached announcement.

About CoinShares

CoinShares is the European leading alternative asset manager 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. Founded in 2013, the firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 GMT on Wednesday, 15 November 2023.

Attachment

• 20231115 - Appendix to press release - share buy-back

07 November 2023 | SAINT HELIER, Jersey - As announced on 04 April 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 01 June 2023, up to and including 06 November 2023 for total maximum amount of SEK 30 million in accordance with the authorisation from the Annual General Meeting on 31 May 2023.

The Board of Directors’ resolution to implement the share buy-back program was made after the Board's review of the Company's capital structure and was implemented for the purposes of reducing the capital of the Company.

The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):

DateNumber of shares acquiredLowest price paid (SEK)Highest price paid (SEK)Volume weighted average (SEK)02 November 20234,745 38.60 40.10 39.31 03 November 2023900 38.50 39.60 39.06 06 November 20234,702 39.00 40.50 39.96 10,347

All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company's holding of own shares as of 07 November 2023 amounts to 1,336,680 shares. The total number of shares in CoinShares amounts to 68,013,771.

For a full break-down of repurchases made, please refer to the attached announcement.

About CoinShares

CoinShares is the European leading alternative asset manager 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. Founded in 2013, the firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 GMT on Tuesday, 07 November 2023.

Attachment

• 20231107 - Appendix to press release - share buy-back

07 November 2023 | SAINT HELIER, Jersey - The Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm: CS;US OTCQX: CNSRF), Europe's largest digital asset investment firm, has resolved to extend the repurchase of its shares on Nasdaq Stockholm during the period 07 November 2023, up to and including 30 May 2024 for a total maximum amount of SEK 30 million in accordance with the authorisation granted at its Annual General Meeting on 31 May 2023.

The Board of Director's resolution to implement the share buyback program was made after its review of the Company's capital structure and is implemented for the purpose of reducing the capital of the Company.

The share buyback program will be carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

The share buyback program resolved by the Board of Directors is subject to the following terms:

1. Acquisitions may only be effected on Nasdaq Stockholm in accordance with MAR and the Safe Harbour Regulation.
   
   
2. Acquisitions shall be conducted and structured in accordance with the Nasdaq Stockholm Rulebook for Issuers.
   
   
3. Acquisitions shall commence no earlier than 07 November 2023 and shall end no later than 30 May 2024.
   
   
4. Acquisitions may only be effected at a price per share within the prevailing band of prices applying on Nasdaq Stockholm from time to time and in accordance with the restrictions relating to price in the Safe Harbour Regulation and set out in the resolution passed at the Annual General Meeting on 31 May 2023. The range of prices pertains to the range between the highest purchase price and the lowest selling price disseminated by Nasdaq Stockholm from time to time.
   
   
5. Acquisitions may only be effected in accordance with the restrictions regarding volume for acquisitions of own shares stated in the Safe Harbour Regulation.
   
   
6. Shares may be repurchased for a total maximum amount of SEK 30 million. The Company's holding of own shares may not at any time exceed 10 per cent of the outstanding shares in the Company.
   
   
7. Payment for the shares shall be made in cash.

The total number of shares in CoinShares is at the date of this press release 68,013,771. At the time of this press release the Company holds 1,336,680 own shares.

About CoinShares

CoinShares is Europe’s largest and leading digital asset investment and trading group, managing billions of assets on behalf of a global client base. Our mission is to expand investing into digital assets with our trusted, regulated, best-in-class product suite that provides investors with trust and transparency when accessing cryptocurrencies. We believe that Bitcoin and blockchain networks are landmark innovations that will fundamentally reshape the global financial system and the way we interact digitally, and investors should be able to participate in this transformation. CoinShares is publicly listed on Nasdaq Stockholm under ticker CS and the OTCQX under the ticker CNSRF. CoinShares has multiple touchpoints with financial regulatory bodies around the world, including the AMF, JFSC and FINRA.

For more information on CoinShares, please visit: https://coinshares.com
Company | +44 (0)1534 513 100 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 GMT on Tuesday 07 November 2023.

7^th November 2023 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares'' or “the Company”) (Nasdaq Stockholm: CS;US OTCQX: CNSRF), the leading European alternative asset manager specialising in digital assets, has today published its results for the quarter ending 30^th September 2023.

Jean-Marie Mognetti, Chief Executive Officer of CoinShares said:

“Recent developments in the digital asset sector confirm our original conviction that crypto will be integrated into institutional frameworks and that regulatory oversight is critical to this. The convergence of TradFi and digital asset systems has accelerated leading to an increased price action and the appearance of decoupling signals between Bitcoin and leading equity indices.

We continued to execute on our strategy and delivered combined revenue, gains and income of £16.7 million in Q3. Profitability has been a core focus for CoinShares and we achieved Adjusted EBITDA of £9.9 million in the quarter, with an Adjusted Ebitda margin of 59%.”

Q3 2023 financial highlights

• Q3 revenue and gains and other income of £16.7 million (Q3 2022: £14.7 million - excluding exceptional loss relating to TerraUSD)
• Q3 adjusted EBITDA of £9.9 million (Q3 2022: £6.4 million)
• Total comprehensive income for Q3 2023 of £14.4 million (Q3 2022: £20.0 million)
  
  

Q3 2023 operational highlights

• In Q3, Europe's crypto exchange traded products (ETPs) experienced outflows due to stagnant market sentiment and the end of certain arbitrage opportunities for institutional players. CoinShares Physical had its lowest quarter for flows since inception, with net inflows of $6.7 million, of which its Bitcoin product saw $3.8 million of net outflows. In contrast, its altcoin products gained $10.5 million in inflows. After launching a Direct-to-Consumer campaign in Sweden for the XBT Provider platform, there was a significant increase in website sessions and purchasing intent, although the exact ROI remains hard to quantify. CoinShares remains a leading player in the European crypto ETP market, with 50% of market share. Despite challenges, our asset management business generated £10.5 million in Q3 revenues.
  
• In the Capital Markets segment, we saw a continued focus on building a strong infrastructure for CoinShares’ staking and lending operations. With crypto exchanges moving away from holding client funds, we’ve supported this transition, initiating steps in 2023 to reduce counterparty risk. CoinShares' main emphasis in its daily trading activities was on CME futures trading strategies, showing resilience despite challenges from low volatility and reduced spot volumes. Our Capital Markets business reported revenues of £9.3 million in Q3.
  
• In September, we officially launched our Hedge Fund Solutions initiative, starting discussions with external LPs across Asia, Europe, and notably, the U.S. With this new business, we can now tap into the world's largest asset management market. This move enhances our holistic approach which allows clients to tailor their portfolio based on their risk preferences. By the end of Q3, our initial strategies were operational and our team is preparing for external contributions. We are excited and optimistic about the strategies and plan to introduce more in the future.
  
  

ENDS

For the full CoinShares Q3 2023 report, click this link.

ABOUT COINSHARES

CoinShares is the leading European alternative asset manager 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, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information in this press release has been published through the agency of the contact persons set out below, at 7:00 am CET on 7^th November 2023.

PRESS CONTACT

CoinShares
Benoît Pellevoizin
[email protected]

H/Advisors Maitland
Freddie Barber
[email protected]
+44 (0) 207 379 5151

Attachment

• COINSHARES_2023_Q3_FINAL

Jean-Marie Mognetti, CoinShares VD kommenterar:

”Sektorn går mot en modell som kombinerar digitala tillgångars innovativa karaktär med strikt efterlevnad av regler. Integrationen av digitala tillgångar i reglerade finansiella produkter (såsom CoinShares kärnkompetens i Europa), visar att ekosystemet har börjat mogna och anpassar sig till traditionella finansiella system. Sektorn utvecklas och det stödjer vår långvariga övertygelse om att branschen med digitala tillgångar och den traditionella finansiella sektorn kommer att fortsätta att integreras.”

”Under det tredje kvartalet fortsatte vi arbetet med att implementera vår strategi och levererade sammantaget 16,7 miljoner GBP i kombinerade intäkter, vinster och inkomster. Vi fortsätter att hålla ett tydligt fokus på lönsamhet och uppnådde justerad Ebitda på 9,9 miljoner GBP under kvartalet, med en justerad Ebitda-marginal på 59 procent.”

Q3 2023 finansiella höjdpunkter


7 november 2023 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares'' eller “företaget”) (Nasdaq Stockholm: CS;US OTCQX: CNSRF), den ledande europeiska alternativa kapitalförvaltaren specialiserad på digitala tillgångar, har idag publicerat sina resultatför kvartalet som avslutas den 30 september 2023.

• Sammanlagda intäkter, vinster och andra inkomster för kvartalet uppgick till 16,7 miljoner GBP (Q3 2022: 14,7 miljoner GBP)
• Justerad EBIDTA uppgick till 9,9 miljoner GBP (Q2 2023: 6,4 miljoner GBP) under det tredje kvartalet.
• Totalt resultat uppgick till 14,4 miljoner GBP (Q3 2022: 40,0 miljoner GBP) under det tredje kvartalet.
  

Q3 2023 operationella höjdpunkter

• Under det tredje kvartalet fick Europas leverantörer av börsnoterade kryptoprodukter (ETP) erfara stora utflöden. De orsakades av ett stagnerat sentiment på marknaden och även av vissa taktiska inlösen som institutionella aktörer behövde hantera inför slutet av perioden av vissa arbitragemöjligheter. CoinShares Physical påverkades och vi noterade vårt lägsta kvartal för dessa flöden sedan start. Detta bevisas ytterligare av ett blygsamt nettoinflöde på 6,7 miljoner USD. Vår Bitcoin-produkt axlade majoriteten av påverkan och stod för 3,8 miljoner USD i nettoutflöden under det tredje kvartalet. Utöver det visade våra altcoin-produkter relativt stark motståndskraft genom att generera 10,5 miljoner USD under Q3 i inflöden.
  
• Inom kapitalmarknadssegmentet såg vi ett fortsatt fokus på att bygga en stark infrastruktur för CoinShares in- och utlåningsverksamhet. Med kryptobörser som går från att hålla klientmedel, har vi stöttat denna övergång och har under 2023 tagit initiativ för att minska risken för motparten. CoinShares huvudsakliga dagliga fokus avseende handelsaktiviteter var på CME-terminshandelsstrategier, som visade på styrka trots utmaningar från låg volatilitet och minskade spotvolymer. Vår kapitalmarknadsverksamhet rapporterade intäkter på 9,3 miljoner pund under det tredje kvartalet.

• September månad markerade den officiella lanseringen av vår verksamhet Hedge Fund Solutions, en viktig milstolpe när vi inledde samtal med externa LP:er i Asien, Europa och för första gången USA. Med denna nya verksamhet når vi nu världens största marknad för kapitalförvaltning. Lanseringen stärker vår affärsmodell i att erbjuda en gemensam onlineplats som täcker kunders behov från Beta- till Alpha-exponering och låter dem bygga sin egen portfölj med allokering anpassad till individuell riskaptit. Hedge Fund Solutions initiala strategier har varit operativa sedan slutet av Q3 och teamet har varit fokuserat på att generera alfa samtidigt som vi förberedde de första externa bidragen. Vi hoppas få se våra strategier prestera som förväntat och locka ett intresse innan vi lanserar ytterligare nya strategier på marknaden.
  
  

ENDS

För att läsa den fullständiga CoinShares kvartalsrapport för det tredje kvartalet 2023, följ denna länk.

OM COINSHARES

CoinShares is the leading European alternative asset manager 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, in the US by the Financial Industry Regulatory Authority. CoinShares is publicly listed on the Nasdaq Stockholm under the ticker CS and the OTCQX under the ticker CNSRF.

För mer information om CoinShares, vänligen besök: https://coinshares.com
CoinShares | +44 (0)1534 513 100 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

Denna information är sådan som CoinShares International Limited är skyldigt att offentliggöra enligt EU:s marknadsmissbruksförordning 596/2014. Informationen lämnades, genom ovanstående kontaktpersoners försorg, för offentliggörande den 7 november 2023 kl. 07.00.

PRESS KONTAKT

CoinShares
Benoît Pellevoizin
[email protected]

H/Advisors Maitland
Freddie Barber
[email protected]
+44 (0) 207 379 5151

Bilaga

• COINSHARES_2023_Q3_SWEDISH_FINAL

02 November 2023 | SAINT HELIER, Jersey - As announced on 01 June 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 01 June 2023, up to and including 6 November 2023 in accordance with the authorisation from the Annual General Meeting on 31 May 2023.

The Board of Directors’ resolution to implement the share buy-back program was made after the Board's review of the Company's capital structure and was implemented for the purposes of reducing the capital of the Company.

The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):

DateNumber of shares acquiredLowest price paid (SEK)Highest price paid (SEK)Volume weighted average (SEK)26 October 20234,362 38.75 40.60 40.09 27 October 20232,877 40.00 41.00 40.53 30 October 20235,955 40.00 41.00 40.37 31 October 20235,675 39.70 40.35 40.11 01 November 20236,755 39.15 41.30 40.18 25,624

All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company's holding of own shares as of 02 November 2023 amounts to 1,326,333 shares. The total number of shares in CoinShares amounts to 68,013,771.

For a full break-down of repurchases made, please refer to the attached announcement.

About CoinShares

CoinShares is Europe’s leading alternative asset manager 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. The firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 GMT on Thursday, 02 November 2023.

Attachment

• 20231102 - Appendix to press release - share buy-back

26 October 2023 | SAINT HELIER, Jersey - As announced on 01 June 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 01 June 2023, up to and including 6 November 2023 in accordance with the authorisation from the Annual General Meeting on 31 May 2023.

The Board of Directors’ resolution to implement the share buy-back program was made after the Board's review of the Company's capital structure and was implemented for the purposes of reducing the capital of the Company.

The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):

DateNumber of shares acquiredLowest price paid (SEK)Highest price paid (SEK)Volume weighted average (SEK)19 October 20237,568 39.20 41.00 40.20 20 October 20235,930 39.30 41.30 40.13 23 October 20234,085 40.10 41.85 41.05 24 October 20231,775 41.20 42.35 42.03 25 October 20235,775 39.20 41.45 40.06 25,133

All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company's holding of own shares as of 26 October 2023 amounts to 1,300,709 shares. The total number of shares in CoinShares amounts to 68,013,771.

For a full break-down of repurchases made, please refer to the attached announcement.

About CoinShares

CoinShares is Europe’s leading alternative asset manager 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. The firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 BST on Thursday, 26 October 2023.

Attachment

• 20231026 - Appendix to press release - share buy-back

19 October 2023 | SAINT HELIER, Jersey - As announced on 01 June 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 01 June 2023, up to and including 6 November 2023 in accordance with the authorisation from the Annual General Meeting on 31 May 2023.

The Board of Directors’ resolution to implement the share buy-back program was made after the Board's review of the Company's capital structure and was implemented for the purposes of reducing the capital of the Company.

The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):

DateNumber of shares acquiredLowest price paid (SEK)Highest price paid (SEK)Volume weighted average (SEK)12 October 20238,000 38.95 40.70 39.85 13 October 20237,803 39.85 40.45 40.15 16 October 20237,600 39.80 41.60 40.71 17 October 20238,100 40.10 41.20 40.51 18 October 20237,300 39.50 40.60 39.98 38,803

All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company's holding of own shares as of 19 October 2023 amounts to 1,275,576 shares. The total number of shares in CoinShares amounts to 68,013,771.

For a full break-down of repurchases made, please refer to the attached announcement.

About CoinShares

CoinShares is Europe’s leading alternative asset manager 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. The firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 BST on Thursday, 19 October 2023.

Attachment

• 20231019 - Appendix to press release - share buy-back

Buy-backs of shares in CoinShares International Limited

12 October 2023 | SAINT HELIER, Jersey - As announced on 01 June 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 01 June 2023, up to and including 6 November 2023 in accordance with the authorisation from the Annual General Meeting on 31 May 2023.

The Board of Directors’ resolution to implement the share buy-back program was made after the Board's review of the Company's capital structure and was implemented for the purposes of reducing the capital of the Company.

The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):

DateNumber of shares acquiredLowest price paid (SEK)Highest price paid (SEK)Volume weighted average (SEK)05 October 202310,950 42.25 44.55 43.85 06 October 20237,130 42.10 42.95 42.55 09 October 20234,700 42.45 42.90 42.69 10 October 20237,950 42.05 42.95 42.44 11 October 20238,650 38.60 40.60 39.38 39,380

All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company's holding of own shares as of 12 October 2023 amounts to 1,236,773 shares. The total number of shares in CoinShares amounts to 68,013,771.

For a full break-down of repurchases made, please refer to the attached announcement.

About CoinShares

CoinShares is Europe’s leading alternative asset manager 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. The firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 BST on Thursday, 12 October 2023.

Attachment

• 20231012 - Appendix to press release - share buy-back

05 October 2023 | SAINT HELIER, Jersey - As announced on 01 June 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 01 June 2023, up to and including 6 November 2023 in accordance with the authorisation from the Annual General Meeting on 31 May 2023.

The Board of Directors’ resolution to implement the share buy-back program was made after the Board's review of the Company's capital structure and was implemented for the purposes of reducing the capital of the Company.

The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):

DateNumber of shares acquiredLowest price paid (SEK)Highest price paid (SEK)Volume weighted average (SEK)28 September 20235,996 42.70 43.60 43.11 29 September 20237,708 43.00 44.00 43.78 02 October 20239,082 43.20 44.90 43.87 03 October 202311,650 42.25 43.95 43.04 04 October 20236,300 42.25 43.00 42.72 40,736

All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company's holding of own shares as of 05 October 2023 amounts to 1,197,393 shares. The total number of shares in CoinShares amounts to 68,013,771.

For a full break-down of repurchases made, please refer to the attached announcement.

About CoinShares

CoinShares is Europe’s leading alternative asset manager 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. The firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 BST on Thursday, 05 October 2023.

Attachment

• 20231005 - Appendix to press release - share buy-back

28 September 2023 | SAINT HELIER, Jersey - As announced on 01 June 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 01 June 2023, up to and including 6 November 2023 in accordance with the authorisation from the Annual General Meeting on 31 May 2023.

The Board of Directors’ resolution to implement the share buy-back program was made after the Board's review of the Company's capital structure and was implemented for the purposes of reducing the capital of the Company.

The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):

DateNumber of shares acquiredLowest price paid (SEK)Highest price paid (SEK)Volume weighted average (SEK) 21 September 2023 5,627 42.40 43.90 43.21 22 September 2023 10,300 43.20 43.95 43.62 25 September 2023 13,800 42.00 44.00 42.81 26 September 2023 12,800 41.00 42.35 41.59 27 September 2023 4,958 41.00 42.65 41.67 47,485

All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company's holding of own shares as of 28 September 2023 amounts to 1,156,657 shares. The total number of shares in CoinShares amounts to 68,013,771.

For a full break-down of repurchases made, please refer to the attached announcement.

About CoinShares

CoinShares is Europe’s leading alternative asset manager 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. The firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 BST on Thursday, 28 September 2023.

Attachment

• 20230928 - Appendix to press release - share buy-back

The new division increases the Company’s product offerings while blending legacy expertise with progressive transformation

22 September 2023 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares'' or “the Company”) (Nasdaq Stockholm: CS;US OTCQX: CNSRF), the leading European alternative asset manager specialising in digital assets, today announced the launch of its hedge fund division, CoinShares Hedge Fund Solutions.

For the first time, CoinShares will be making its offerings accessible to qualified U.S. investors through a range of private investment products, marking CoinShares' expansion beyond its established European base. CoinShares is committed to becoming the premier destination for institutions in the digital assets realm. By offering a diverse range of products, across the spectrum of beta and alpha strategies with hybrids in between, CoinShares aims to cater to the unique needs of each institution, facilitating the creation of a well-rounded and optimised crypto portfolio. The Company’s vision is to deliver a seamless, holistic experience, ensuring that its institutional clients have all the tools and insights they need to navigate the dynamic world of digital asset investments. CoinShares Capital LLC, a wholly-owned subsidiary of CoinShares and a broker-dealer registered with the Financial Industry Regulatory Authority (FINRA), will be conducting marketing activities to qualified investors in the United States in support of CoinShares Hedge Fund Solutions’ strategies and products.

This initiative marks CoinShares' return to its roots. Originally beginning as the commodity hedge fund Global Advisors, it later founded the pioneering and regulated Global Advisors Bitcoin Investment Fund (GABI) in 2014, which operated until 2017. This also signals a progressive transformation for the Company that leverages the expertise acquired from its engagement in crypto markets, via its proprietary trading arm, since 2016. Equipped with these distinctive qualities, CoinShares is perfectly positioned to deliver premium products that meet the due diligence requirements of institutional investors and are on par with the offerings of established financial institutions.

To ensure the seamless deployment of the new division, CoinShares has appointed Lewis Fellas as Head of CoinShares Hedge Fund Solutions. Lewis is a seasoned asset manager with 23 years of industry experience (seven in digital assets) and brings with him a unique set of skills that will help to ensure the new division’s success. The new division will utilise CoinShares’ battle-tested expertise trading and quantitative teams.
CoinShares' CEO, Jean-Marie Mognetti, commented on the strategic expansion:

"In a changing macro environment prominently marked by interest rates and inflation, the demand for actively managed exposure to digital assets is a natural progression. Backed by a decade-long legacy in the digital asset industry and a team with more than two decades in hedge funds, the new division signifies the latest step in CoinShares’ evolution. Our products focus on delivering a premium experience to our investors and we are delighted to enrich our long-only asset management offerings by returning to our core founding program.”

CoinShares Head of Hedge Fund Solutions, Lewis Fellas, concluded: “CoinShares inspired my move into crypto asset management in 2016, so being able to lead the new division within the firm and further pioneer the space is an honour. The design of our strategies reflects the team’s deep and practical knowledge of digital assets and showcases the firm’s ability to develop new products that meet the demands of institutional investors. The long-awaited return of interest rate-driven volatility is a great opportunity that we plan to capture with our novel fund products. Each product that will be offered is designed to mitigate counterparty risk whilst providing investors with clearly defined asset class and strategy exposures.”

To learn more about CoinShares Hedge Fund Solutions, visit: https://coinshares.com/hedge-fund-solutions

ABOUT COINSHARES
CoinShares is the European leading alternative asset manager 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, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

PRESS CONTACT
CoinShares
Benoît Pellevoizin
[email protected]

M Group
Peter Padovano
[email protected]

21 September 2023 | SAINT HELIER, Jersey - As announced on 01 June 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 01 June 2023, up to and including 6 November 2023 in accordance with the authorisation from the Annual General Meeting on 31 May 2023.

The Board of Directors’ resolution to implement the share buy-back program was made after the Board's review of the Company's capital structure and was implemented for the purposes of reducing the capital of the Company.

The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):

DateNumber of shares acquiredLowest price paid (SEK)Highest price paid (SEK)Volume weighted average (SEK) 14 September 2023 8,530 44.30 45.40 45.07 15 September 2023 7,700 44.10 45.20 44.75 18 September 2023 3,716 43.20 44.10 43.65 19 September 2023 11,105 43.10 44.15 43.49 20 September 2023 8,646 43.00 43.60 43.25 39,697

All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company's holding of own shares as of 21 September 2023 amounts to 1,109,172 shares. The total number of shares in CoinShares amounts to 68,013,771.

For a full break-down of repurchases made, please refer to the attached announcement.

About CoinShares

CoinShares is Europe’s leading alternative asset manager 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. The firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 BST on Thursday, 21 September 2023.

Attachment

• 20230921 - Appendix to press release - share buy-back

14 September 2023 | SAINT HELIER, Jersey - As announced on 01 June 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 01 June 2023, up to and including 6 November 2023 in accordance with the authorisation from the Annual General Meeting on 31 May 2023.

The Board of Directors’ resolution to implement the share buy-back program was made after the Board's review of the Company's capital structure and was implemented for the purposes of reducing the capital of the Company.

The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):

DateNumber of shares acquiredLowest price paid (SEK)Highest price paid (SEK)Volume weighted average (SEK) 07 September 2023 8,500 47.50 49.15 48.50 08 September 2023 7,850 45.20 48.15 47.01 11 September 2023 9,300 44.00 46.00 45.00 12 September 2023 10,189 43.10 44.50 43.89 13 September 2023 9,010 42.80 44.20 43.44 44,849

All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company's holding of own shares as of 14 September 2023 amounts to 1,069,475 shares. The total number of shares in CoinShares amounts to 68,013,771.

For a full break-down of repurchases made, please refer to the attached announcement.

About CoinShares

CoinShares is Europe’s leading alternative asset manager 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. The firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 BST on Thursday, 14 September 2023.

Attachment

• 20230914 - Appendix to press release - share buy-back

13 September 2023 | SAINT HELIER, Jersey – In accordance with the principles for appointment of the Nomination Committee of CoinShares International Limited (“the Company”) adopted by the Annual General Meeting on 20 June 2022, the Nomination Committee shall consist of four members appointed by the three largest shareholders. The fourth member shall be a representative of the Board of Directors.

Based on the above, the Nomination Committee ahead of the Annual General Meeting has been determined to consist of the following persons, who together represent approximately 51.32 per cent of the number of shares and votes in the Company as per 31 August 2023:

• Michael Carlton, appointed by Daniel Masters, Chair of the Nomination Committee
• Gunther Thumann, appointed by Mognetti Partners Limited
• Paul Davidson, appointed by Russell Newton
• Johan Lundberg, representative of the Board of Directors of CoinShares International Limited

The Nomination Committee’s recommendations will be presented in the Notice of the 2024 Annual General Meeting as well as on the Company’s website: https://coinshares.com. CoinShares International Limited’s Annual General Meeting will be held virtually on 31 May 2024.

Shareholders who wish to submit proposals to the Nomination Committee may do so to the Chair of the Board by sending an email to [email protected]. In order for the Nomination Committee to be able to consider a proposal, it must submit well in advance of the Annual General Meeting, but by 12 April 2024 at the latest.

For further information, please contact:

Jeri-Lea Brown, Company Secretary
+44 (0) 1534 513168
[email protected]

About CoinShares

CoinShares is Europe’s leading alternative asset manager 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. The firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

07 September 2023 | SAINT HELIER, Jersey - As announced on 01 June 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 01 June 2023, up to and including 6 November 2023 in accordance with the authorisation from the Annual General Meeting on 31 May 2023.

The Board of Directors’ resolution to implement the share buy-back program was made after the Board's review of the Company's capital structure and was implemented for the purposes of reducing the capital of the Company.

The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):

DateNumber of shares acquiredLowest price paid (SEK)Highest price paid (SEK)Volume weighted average (SEK) 31 August 2023 7,599 52.10 52.80 52.47 01 September 2023 4,412 51.00 52.30 51.33 04 September 2023 6,647 48.90 50.00 49.60 05 September 2023 7,100 47.20 49.25 48.35 06 September 2023 6,480 48.50 49.40 48.95 32,238

All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company's holding of own shares as of 07 September 2023 amounts to 1,024,626 shares. The total number of shares in CoinShares amounts to 68,013,771.

For a full break-down of repurchases made, please refer to the attached announcement.

About CoinShares

CoinShares is Europe’s leading alternative asset manager 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. The firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 BST on Thursday, 07 September 2023.

Attachment

• 20230907 - Appendix to press release - share buy-back

31 August 2023 | SAINT HELIER, Jersey - As announced on 01 June 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 01 June 2023, up to and including 6 November 2023 in accordance with the authorisation from the Annual General Meeting on 31 May 2023.

The Board of Directors’ resolution to implement the share buy-back program was made after the Board's review of the Company's capital structure and was implemented for the purposes of reducing the capital of the Company.

The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):

DateNumber of shares acquiredLowest price paid (SEK)Highest price paid (SEK)Volume weighted average (SEK)24 August 20236,800 51.30 51.60 51.41 25 August 20235,942 50.40 51.10 50.80 28 August 20236,202 51.40 51.90 51.77 29 August 20236,250 50.60 51.80 51.28 30 August 20237,250 50.70 52.90 52.32 32,444

All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company's holding of own shares as of 31 August 2023 amounts to 992,388 shares. The total number of shares in CoinShares amounts to 68,013,771.

For a full break-down of repurchases made, please refer to the attached announcement.

About CoinShares

• CoinShares is Europe’s leading alternative asset manager 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. The firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
• Investor Relations | +44 (0)1534 513 100 | [email protected]
• This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 BST on Thursday, 31 August 2023.

Attachment

• 20230831 - Appendix to press release - share buy-back

24 August 2023 | SAINT HELIER, Jersey - As announced on 01 June 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 01 June 2023, up to and including 6 November 2023 in accordance with the authorisation from the Annual General Meeting on 31 May 2023.

The Board of Directors’ resolution to implement the share buy-back program was made after the Board's review of the Company's capital structure and was implemented for the purposes of reducing the capital of the Company.

The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):

DateNumber of shares acquiredLowest price paid (SEK)Highest price paid (SEK)Volume weighted average (SEK) 17 August 2023 5,550 50.30 51.10 50.69 18 August 2023 6,866 49.40 51.00 50.18 21 August 2023 1,183 50.00 50.40 50.16 22 August 2023 7,509 50.30 51.30 50.76 23 August 2023 6,604 50.40 51.90 51.32 27,712

All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company's holding of own shares as of 24 August 2023 amounts to 959,944 shares. The total number of shares in CoinShares amounts to 68,013,771.

For a full break-down of repurchases made, please refer to the attached announcement.

About CoinShares

CoinShares is Europe’s leading alternative asset manager 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. The firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 BST on Thursday, 24 August 2023.

Attachment

• 20230824 - Appendix to press release - share buy-back

17 August 2023 | SAINT HELIER, Jersey - As announced on 01 June 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 01 June 2023, up to and including 6 November 2023 in accordance with the authorisation from the Annual General Meeting on 31 May 2023.

The Board of Directors’ resolution to implement the share buy-back program was made after the Board's review of the Company's capital structure and was implemented for the purposes of reducing the capital of the Company.

The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):

DateNumber of shares acquiredLowest price paid (SEK)Highest price paid (SEK)Volume weighted average (SEK) 10 August 2023 6,050 49.55 51.60 50.63 11 August 2023 5,463 50.60 51.30 51.09 14 August 2023 5,020 48.95 51.90 51.30 15 August 2023 6,235 49.90 51.30 50.81 16 August 2023 2,045 49.80 50.60 50.36 24,813

All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company's holding of own shares as of 17 August 2023 amounts to 932,232 shares. The total number of shares in CoinShares amounts to 68,013,771.

For a full break-down of repurchases made, please refer to the attached announcement.

About CoinShares

CoinShares is Europe’s leading alternative asset manager 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. The firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 BST on Thursday, 17 August 2023.

Attachment

• 20230817 - Appendix to press release - share buy-back

10 August 2023 | SAINT HELIER, Jersey - As announced on 01 June 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 01 June 2023, up to and including 6 November 2023 in accordance with the authorisation from the Annual General Meeting on 31 May 2023.

The Board of Directors’ resolution to implement the share buy-back program was made after the Board's review of the Company's capital structure and was implemented for the purposes of reducing the capital of the Company.

The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):

DateNumber of shares acquiredLowest price paid (SEK)Highest price paid (SEK)Volume weighted average (SEK) 03 August 2023 4,850 51.50 53.20 52.07 04 August 2023 5,400 50.40 52.70 51.69 07 August 2023 3,154 51.00 52.40 51.78 08 August 2023 3,877 51.50 52.60 52.22 09 August 2023 2,455 51.60 52.60 52.45 19,736

All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company's holding of own shares as of 10 August 2023 amounts to 907,419 shares. The total number of shares in CoinShares amounts to 68,013,771.

For a full break-down of repurchases made, please refer to the attached announcement.

About CoinShares

CoinShares is Europe’s leading alternative asset manager 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. The firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 BST on Thursday, 10 August 2023.

Attachment

• 20230810 - Appendix to press release - share buy-back

03 August 2023 | SAINT HELIER, Jersey - As announced on 01 June 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 01 June 2023, up to and including 6 November 2023 in accordance with the authorisation from the Annual General Meeting on 31 May 2023.

The Board of Directors’ resolution to implement the share buy-back program was made after the Board's review of the Company's capital structure and was implemented for the purposes of reducing the capital of the Company.

The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):

DateNumber of shares acquiredLowest price paid (SEK)Highest price paid (SEK)Volume weighted average (SEK) 27 July 2023 128 51.00 52.00 51.85 28 July 2023 4,552 53.60 54.80 54.24 31 July 2023 4,772 47.25 50.20 48.95 01 August 2023 5,015 45.15 48.95 47.31 02 August 2023 3,601 49.15 51.70 50.50 18,068

All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company's holding of own shares as of 03 August 2023 amounts to 1,009,337 shares. The total number of shares in CoinShares amounts to 68,135,425.

For a full break-down of repurchases made, please refer to the attached announcement.

About CoinShares

CoinShares is Europe’s leading alternative asset manager 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. The firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 BST on Thursday, 03 August 2023.

Attachment

• 20230803 - Appendix to press release - share buy-back

1 augusti 2023 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares'' eller “företaget”) (Nasdaq Stockholm: CS;US OTCQX: CNSRF), det ledande europeiska tillgångsförvaltaren av digitala tillgångar, har idag publicerat resultatet för andra kvartalet 2023.

Jean-Marie Mognetti, vd CoinShares säger:

"De senaste händelserna inom branschen för digitala tillgångar bekräftar CoinShares ursprungliga tes om den förestående institutionaliseringen av kryptolandskapet och vikten av reglering. Konvergensen mellan traditionell och digital finans är på god väg."

Gruppens utveckling under Q2 bevisar vår förmåga att dra nytta av denna konvergens. Intäkterna visade en kvartalsvis tillväxt på 33,0%, medan justerad EBITDA för perioden på £12,8 miljoner markerar vårt bästa kvartal på över ett år."

Finansiella nyckeltal för andra k vartalet 2023

• Intäkterna andra kvartalet samt kapitalvinster och övriga intäkter uppgick till £20,3 miljoner (Q2 2022: £15,3 miljoner – exkluderat engångsrelaterade förluster relaterat till USTerra)
• Justerad EBITDA för andra kvartalet uppgick till £12,8 miljoner (Q2 2022: £9.0 miljoner – exkluderat engångsrelaterade förluster relaterat till USTerra)
• Totalresultat i första kvartalet uppgick till £5,3 miljoner (Q2 2022: £0,1 i förlust)
  
  

Operationella höjdpunkter för andra k vartalet 2023

• CoinShares, som är Europas ledande alternativa tillgångsförvaltare specialiserad på digitala tillgångar, kommunicerade en förstärkning av sitt utbud i Q1 2023 genom att etablera en affärsenhet för aktiv tillgångsförvaltning. Utvecklingen av denna nya affärsenhet är på god väg;teamet som arbetar med den aktiva tillgångsförvaltningen har redan lagt grunden för den första strategin som för närvarande samlar in data och etablerar en robust historik innan en formell lansering mot slutet av året.
• Under ett produktivt kvartal genererade företagets passiva tillgångsförvaltningsdivision £10,6 miljoner i förvaltningsavgifter. De breddade sina distributions- och marknadsföringsinitiativ genom målinriktade evenemang i Tyskland och Schweiz, med syfte att utbilda investerare om kryptovalutor och ETP:er. Samtidigt genomfördes en omfattande roadshow för digitala tillgångar i Italien, vilket främjade kontakter med institutionella investerare och mäklarplattformar. Företagets marknadsföringsteam förstärkte dessa insatser genom att introducera en ETP-dedikerad webbplats och en kampanj för att främja produkter utgivna av XBT Provider AB.
• Företagets kapitalmarknadsenhet rapporterade kapitalvinster och övriga intäkter på £10,0 miljoner under Q2. Enheten hade ett framgångsrikt kvartal med grunden i lönsamma strategier för CME-terminshandel. Trots den låga volatiliteten i BTC- och ETH-priserna har egna handelsstrategier effektivt motverkat en nedgång i likviditetsavsättningsintäkter vilket har maximerat stabilitet och avkastning. Dessutom fortsatte dess utlåningsverksamheten och finansförvaltningen, förstärkt av en motståndskraftig dollarränta, att generera intäkter till förmånliga räntor.
  

END
För att ta del av hela CoinShares Q2 2023 rapport, följ denna länk.

OM COINSHARES
CoinShares är den ledande europeiska alternativa tillgångsförvaltaren specialiserad på digitala tillgångar och erbjuder ett brett utbud av finansiella tjänster inom investeringsförvaltning, handel och värdepapper till en rad olika kunder, inklusive företag, finansiella institutioner och privatpersoner. Sedan 2013 har företaget fokuserat på kryptovalutor och har sitt huvudkontor på Jersey, med kontor i Frankrike, Stockholm, Storbritannien och USA. CoinShares regleras i Jersey av Jersey Financial Services Commission, i Frankrike av Autorité des marchés financiers och i USA av Financial Industry Regulatory Authority. CoinShares är noterat på Nasdaq Stockholm under tickern CS och på OTCQX under tickern CNSRF.

För mer information om CoinShares: https://coinshares.com
Företag | +44 (0)1534 513 100 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

För mer information, vänligen kontakta:

CoinShares
Benoît Pellevoizin
[email protected]

H/Advisors Maitland
Freddie Barber / Alasdair Todd
[email protected]
+44 (0) 207 379 5151

Bilaga

• CoinShares - Earnings Report - Q2 23

1^st August 2023 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares'' or “the Company”) (Nasdaq Stockholm: CS;US OTCQX: CNSRF), the leading European alternative asset manager specialising in digital assets, has today published its results for the quarter ending 30^th June 2023.

Jean-Marie Mognetti, Chief Executive Officer of CoinShares said:

“Recent events in the digital asset industry serve as validation of CoinShares' initial thesis about the impending institutionalisation of the crypto landscape and the importance of regulation. The convergence between traditional and digital finance is well underway. The Group’s Q2 performance evidences our ability to take advantage of this convergence. Topline performance showed 33.0% quarter on quarter growth, whilst an Adjusted EBITDA for the period of £12.8 million marks our best quarter in over a year.”

Q2 2023 financial highlights

• Q2 revenue and gains and other income of £20.3 million (Q2 2022: £15.3 million - excluding exceptional loss relating to TerraUSD)
• Q2 adjusted EBITDA of £12.8 million (Q2 2022: £9.0 million - excluding exceptional loss relating to TerraUSD)
• Total comprehensive income for Q2 2023 of £5.3 million (Q2 2022: loss of £0.6 million)
  
  

Q2 2023 operational highlights

• CoinShares, as Europe's leading alternative asset manager for digital assets, announced the enhancement of its portfolio of offerings in Q1 2023 with the establishment of an active Asset Management business line. Progress on this new business entity is well underway;the active asset management team has already laid the groundwork for the first strategy, which is currently being run to accumulate data and establish a robust track record prior to a formal launch towards the end of the year.
  
  
• In a productive quarter, CoinShares' Passive Asset Management division yielded £10.6 million in management fees. They deepened their distribution and marketing initiatives through targeted events in Germany and Switzerland, aimed at educating investors on cryptocurrencies and ETPs. Alongside, an extensive Digital Assets roadshow across Italy was launched, fostering connections with institutional investors and brokerage platforms. CoinShares' Marketing team furthered these efforts by introducing an ETP-dedicated website and a campaign to promote products issued by XBT Provider AB.
  

• CoinShares' Capital Markets division reported gains and other income in Q2 of £10.0 million. It witnessed a successful quarter, anchored by its profitable CME futures trading strategies. Despite the low volatility in BTC and ETH prices, its proprietary trading strategies have effectively offset a decline in liquidity provisioning income, maximising stability and returns. Moreover, its lending book and treasury management operations, bolstered by a resilient dollar yield, continued to generate interest at favourable rates.
  
  

END

For the full CoinShares Q2 2023 report, click this link.

ABOUT COINSHARES

CoinShares is the European leading alternative asset manager 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, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information in this press release has been published through the agency of the contact persons set out above, at 8:00 am GMT+1 on 1^st August 2023.

PRESS CONTACT

CoinShares
Benoît Pellevoizin
[email protected]

H/Advisors Maitland
Freddie Barber
[email protected]
+44 (0) 207 379 5151

Attachment

• CoinShares - Earnings Report - Q2 23

27 July 2023 | SAINT HELIER, Jersey - As announced on 01 June 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 01 June 2023, up to and including 6 November 2023 in accordance with the authorisation from the Annual General Meeting on 31 May 2023.

The Board of Directors’ resolution to implement the share buy-back program was made after the Board's review of the Company's capital structure and was implemented for the purposes of reducing the capital of the Company.

The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):

DateNumber of shares acquiredLowest price paid (SEK)Highest price paid (SEK)Volume weighted average (SEK) 20 July 2023 1,992 49.50 50.00 49.72 21 July 2023 3,006 49.85 50.40 50.13 24 July 2023 1,122 50.10 51.40 50.47 6,120

All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company's holding of own shares as of 27 July 2023 amounts to 991,269 shares. The total number of shares in CoinShares amounts to 68,135,425.

For a full break-down of repurchases made, please refer to the attached announcement.

About CoinShares

CoinShares is Europe’s leading alternative asset manager 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. The firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 BST on Thursday, 27 July 2023.

Attachment

• 20230727 - Appendix to press release - share buy-back

20 July 2023 | SAINT HELIER, Jersey - As announced on 01 June 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 01 June 2023, up to and including 6 November 2023 in accordance with the authorisation from the Annual General Meeting on 31 May 2023.

The Board of Directors’ resolution to implement the share buy-back program was made after the Board's review of the Company's capital structure and was implemented for the purposes of reducing the capital of the Company.

The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):

DateNumber of shares acquiredLowest price paid (SEK)Highest price paid (SEK)Volume weighted average (SEK) 18 July 2023 1,955 47.25 47.80 47.54 19 July 2023 201 48.35 48.50 48.49 2,156

All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company's holding of own shares as of 20 July 2023 amounts to 985,149 shares. The total number of shares in CoinShares amounts to 68,135,425.

For a full break-down of repurchases made, please refer to the attached announcement.

About CoinShares

CoinShares is Europe’s leading alternative asset manager 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. The firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 BST on Thursday, 20 July 2023.

Attachment

• 20230720 - Appendix to press release - share buy-back

13 July 2023 | SAINT HELIER, Jersey - As announced on 01 June 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 01 June 2023, up to and including 6 November 2023 in accordance with the authorisation from the Annual General Meeting on 31 May 2023.

The Board of Directors’ resolution to implement the share buy-back program was made after the Board's review of the Company's capital structure and was implemented for the purposes of reducing the capital of the Company.

The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):

DateNumber of shares acquiredLowest price paid (SEK)Highest price paid (SEK)Volume weighted average (SEK) 06 July 2023 2,250 41.50 42.35 42.28 07 July 2023 2,255 40.25 40.90 40.67 10 July 2023 806 41.15 42.50 41.49 11 July 2023 1,941 41.05 43.45 42.80 12 July 2023 466 43.00 43.70 43.30 7,718

All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company's holding of own shares as of 13 July 2023 amounts to 982,993 shares. The total number of shares in CoinShares amounts to 68,135,425.

For a full break-down of repurchases made, please refer to the attached announcement.

About CoinShares

CoinShares is Europe’s leading alternative asset manager 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. The firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 BST on Thursday, 13 July 2023.

Attachment

• 20230713 - Appendix to press release - share buy-back

06 July 2023 | SAINT HELIER, Jersey - As announced on 01 June 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 01 June 2023, up to and including 6 November 2023 in accordance with the authorisation from the Annual General Meeting on 31 May 2023.

The Board of Directors’ resolution to implement the share buy-back program was made after the Board's review of the Company's capital structure and was implemented for the purposes of reducing the capital of the Company.

The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):

DateNumber of shares acquiredLowest price paid (SEK)Highest price paid (SEK)Volume weighted average (SEK) 29 June 2023 400 41.00 41.15 41.07 30 June 2023 2,255 40.10 42.00 41.76 03 July 2023 2,250 37.75 40.15 39.29 04 July 2023 1,933 41.50 41.90 41.74 05 July 2023 2,255 41.20 41.85 41.67 9,093

All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company's holding of own shares as of 06 July 2023 amounts to 975,275 shares. The total number of shares in CoinShares amounts to 68,135,425.

For a full break-down of repurchases made, please refer to the attached announcement.

About CoinShares

CoinShares is Europe’s leading alternative asset manager 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. The firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 BST on Thursday, 06 July 2023.

Attachment

• 20230706 - Appendix to press release - share buy-back

29 June 2023 | SAINT HELIER, Jersey - As announced on 01 June 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 01 June 2023, up to and including 6 November 2023 in accordance with the authorisation from the Annual General Meeting on 31 May 2023.

The Board of Directors’ resolution to implement the share buy-back program was made after the Board's review of the Company's capital structure and was implemented for the purposes of reducing the capital of the Company.

The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):

DateNumber of shares acquiredLowest price paid (SEK)Highest price paid (SEK)Volume weighted average (SEK) 22 June 2023 300 37.55 37.75 37.65 27 June 2023 15 39.05 39.05 39.05 315

All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company's holding of own shares as of 29 June 2023 amounts to 966,182 shares. The total number of shares in CoinShares amounts to 68,135,425.

For a full break-down of repurchases made, please refer to the attached announcement.

About CoinShares

CoinShares is Europe’s leading alternative asset manager 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. The firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 BST on Thursday, 29 June 2023.

Attachment

• 20230629 - Appendix to press release - share buy-back

22 June 2023 | SAINT HELIER, Jersey - As announced on 01 June 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 01 June 2023, up to and including 6 November 2023 in accordance with the authorisation from the Annual General Meeting on 31 May 2023.

The Board of Directors’ resolution to implement the share buy-back program was made after the Board's review of the Company's capital structure and was implemented for the purposes of reducing the capital of the Company.

The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):

DateNumber of shares acquiredLowest price paid (SEK)Highest price paid (SEK)Volume weighted average (SEK) 15 June 2023 1,595 36.30 36.50 36.39 16 June 2023 1,500 35.85 36.30 36.09 19 June 2023 1,695 35.35 36.35 35.93 20 June 2023 1,270 34.80 36.75 36.13 21 June 2023 200 36.80 37.25 37.02 6,260

All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company's holding of own shares as of 22 June 2023 amounts to 965,867 shares. The total number of shares in CoinShares amounts to 68,135,425.

For a full break-down of repurchases made, please refer to the attached announcement.

About CoinShares

CoinShares is Europe’s leading alternative asset manager 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. The firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 BST on Thursday, 22 June 2023.

Attachment

• 20230622 - Appendix to press release - share buy-back

15 June 2023 | SAINT HELIER, Jersey - As announced on 01 June 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 01 June 2023, up to and including 6 November 2023 in accordance with the authorisation from the Annual General Meeting on 31 May 2023.

The Board of Directors’ resolution to implement the share buy-back program was made after the Board's review of the Company's capital structure and was implemented for the purposes of reducing the capital of the Company.

The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):

DateNumber of shares acquiredLowest price paid (SEK)Highest price paid (SEK)Volume weighted average (SEK) 08 June 2023 1,635 34.25 34.75 34.67 09 June 2023 500 34.75 35.10 34.99 12 June 2023 830 34.80 35.45 35.27 13 June 2023 618 34.55 35.15 34.84 14 June 2023 1,715 34.75 35.80 35.33 5,298

All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company's holding of own shares as of 15 June 2023 amounts to 959,607 shares. The total number of shares in CoinShares amounts to 68,135,425.

For a full break-down of repurchases made, please refer to the attached announcement.

About CoinShares

CoinShares is Europe’s leading alternative asset manager 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. The firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 BST on Thursday, 15 June 2023.

Attachment

• 20230615 - Appendix to press release - share buy-back

08 June 2023 | SAINT HELIER, Jersey - As announced on 01 June 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 01 June 2023, up to and including 6 November 2023 in accordance with the authorisation from the Annual General Meeting on 31 May 2023.

The Board of Directors’ resolution to implement the share buy-back program was made after the Board's review of the Company's capital structure and was implemented for the purposes of reducing the capital of the Company.

The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):

DateNumber of shares acquiredLowest price paid (SEK)Highest price paid (SEK)Volume weighted average (SEK)02 June 20231,703 32.30 33.35 32.83 05 June 20231,229 33.50 33.65 33.58 07 June 20231,635 32.30 33.85 33.21 4,567

On 19 May 2023 the Company inadvertently duplicated the recording of its repurchase of 1,405 of the Company’s own shares. This resulted in an overstatement of the Company’s holdings by 1,405 shares in its press releases dated 23 May, 26 May, 31 May and 01 June 2023.

All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases and adjusting for the abovementioned correction, the Company's holding of own shares as of 08 June 2023 amounts to 595,526 shares. The total number of shares in CoinShares amounts to 68,135,425.

For a full break-down of repurchases made, please refer to the attached announcement.

About CoinShares

CoinShares is Europe’s leading alternative asset manager 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. The firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 BST on Thursday, 08 June 2023.

Attachment

• 20230608 - Appendix to press release - share buy-back

01 June 2023 | SAINT HELIER, Jersey - The Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm: CS;US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, resolved to repurchase shares on Nasdaq Stockholm during the period 1 June 2023, up to and including 6 November 2023 for total maximum amount of SEK 30 million in accordance with the authorisation from the Annual General Meeting on 31 May 2023.

The Board of Director's resolution to implement the share buyback program was made after the Board's review of the Company's capital structure and is implemented for purposes of maintaining a hedge against options granted the Company’s Employee Incentive Plan.

The share buyback program will be carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

The share buyback program resolved by the Board of Directors is subject to the following terms:

1. Acquisitions may only be effected on Nasdaq Stockholm in accordance with MAR and the Safe Harbour Regulation.
2. Shall be conducted and structured in accordance with Nasdaq Stockholm Rulebook for Issuers.
3. Acquisitions shall commence no earlier than 1 June 2023 and shall end no later than 6 November 2023.
4. Acquisitions may only be effected at a price per share within the prevailing band of prices applying on Nasdaq Stockholm from time to time and in accordance with the restrictions relating to price in the Safe Harbour Regulation and set out in the resolution passed at the Annual General Meeting on 31 May 2023. The range of prices pertains to the range between the highest purchase price and the lowest selling price disseminated by Nasdaq Stockholm from time to time.
5. Acquisitions may only be effected in accordance with the restrictions regarding volume for acquisitions of own shares stated in the Safe Harbour Regulation.
6. The Company's holding of own shares may not at any time exceed 10 per cent of the outstanding shares in the Company.
7. Payment for the shares shall be made in cash.
   
   

The total number of shares in CoinShares is at the date of this press release 68,135,425. At the time of this press release the Company holds 592,364 own shares.

About CoinShares

CoinShares is Europe’s leading alternative asset manager 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. The firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 BST on Thursday, 01 June 2023.

31 May 2023 | SAINT HELIER, Jersey | CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm: CS;US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, is pleased to announce that all of the resolutions proposed at the Annual General Meeting ("AGM") of the Company, held today, 31 May 2023, were duly passed via poll.

The Company's Board of Directors wished to highlight the following:

Resolution 13 – Resolution regarding authorising the Board of Directors to decide on repurchase and transfer of own shares

The AGM resolved that the Board of Directors be authorised to decide on purchases of the company’s own shares in accordance with the following, main terms:

1. Share repurchases may be made only on Nasdaq Stockholm or any other regulated market.
2. The authorisation may be exercised on one or more occasions before the 2024 Annual General Meeting.
3. The maximum number of own shares that may be repurchased so that the company’s holding of shares at any given time does not exceed 10% of the total number of shares in the company.
4. Repurchases of the company’s own shares on Nasdaq Stockholm may only be made at a price of no more than 5% above the average trading price of the 5 business days prior to the repurchase.
5. Payment for the shares shall be made in cash.

In addition, the AGM resolves to authorise the Board of Directors to decide on transfer of own shares, with or without deviation from the shareholders’ preferential rights, in accordance with the following, main terms:

1. Transfers may be made on (i) Nasdaq Stockholm or (ii) outside of Nasdaq Stockholm in connection with the acquisition of companies, operations, or assets.
2. The authorisation may be exercised on one or more occasions before the 2024 Annual General Meeting.
3. The maximum number of shares that may be transferred corresponds to the number of shares held by the company at the point in time of the Board of Directors’ decision on transfer.
4. Transfers of shares on Nasdaq Stockholm may only be made at a price of no more than 5% above the average trading price of the 5 business days prior to the transfer. For transfers outside of Nasdaq Stockholm, the price shall be set so that the transfer is made at market terms.
5. Payment for transferred shares may be made in cash, through in-kind payment, or through set-off against claims with the company.

The purpose of the authorisations is to give the Board of Directors greater scope to act and the opportunity to adapt and improve the company’s capital structure and thereby create further shareholder value and take advantage of any attractive acquisition opportunities.

The Board of Directors shall have the right to decide on other terms for repurchases and transfers of own shares in accordance with its authorisation. The Board of Directors also has the right to authorise the Chairman of the Board, the Chief Executive Officer, or the person designated by the Board to make such minor adjustments that may be necessary in connection with the execution of the Board’s decision to repurchase or transfer shares.

51,020,379 shares and votes were registered for the AGM, representing 74.88% of the issued share capital as at 17 May 2023.

The number of shares in issue (and total voting rights) at close of business on 17 May 2023 was 68,135,425 ordinary shares carrying one vote each. Therefore, the total voting rights in the Company are 68,135,425.

The full text of the resolutions passed at the AGM can be found in the Notice of the Annual General Meeting (included within the Annual Report) which is available on the Company’s website at https://coinshares.com/governance.

About CoinShares

CoinShares is Europe's leading alternative asset manager 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. The firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 17:00 BST on Wednesday, 31 May 2023.

31 May 2023 | SAINT HELIER, Jersey - As announced on 04 April 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 04 April 2023, up to and including 30 May 2023 for total maximum amount of SEK 25 million in accordance with the authorisation from the Annual General Meeting on 20 June 2022.

The Board of Directors’ resolution to implement the share buy-back program was made after the Board's review of the Company's capital structure and was implemented for the purposes of reducing the capital of the Company.

The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):

DateNumber of shares acquiredLowest price paid (SEK)Highest price paid (SEK)Volume weighted average (SEK) 23 May 2023 1,435 29.95 30.85 30.29 24 May 2023 1,445 28.60 29.80 29.06 25 May 2023 1,018 29.00 31.05 29.68 26 May 2023 913 30.05 31.05 30.75 29 May 2023 1,460 3.05 30.40 30.26 30 May 2023 913 31.20 31.50 31.34 6,271

All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company's holding of own shares as of 31 May 2023 amounts to 592,364 shares. The total number of shares in CoinShares amounts to 68,135,425.

For a full break-down of repurchases made, please refer to the attached announcement.

The cancellation of own shares will be registered with Euroclear Sweden and the Company’s Registrar as soon as possible and, in any event, before 31 July 2023. After cancellation, the total number of shares in CoinShares will be 67,543,061 and the total number of votes attached to the shares will be 67,543,061. Following registration of the cancellation, the Company will hold no treasury shares.

About CoinShares

CoinShares is the European leading alternative asset manager 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. Founded in 2013, the firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 BST on Wednesday, 31 May 2023.

Attachment

• 20230531 - Appendix to press release - share buy-back

Friday, 26 May 2023 | SAINT HELIER, Jersey - CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, today announced that it has agreed to enter a block transaction with a shareholder to acquire 358,783 ordinary shares in the capital of the Company.

Subject to completion of the block transaction, the Company will repurchase from the selling shareholder a total 358,783 ordinary shares at a price per share equal to SEK 30.1143 resulting in total consideration of SEK 10,804,500. The Company expects the block transaction to settle via cash and to complete before 9 June 2023.

CoinShares’ decision to repurchase its shares is consistent with the Board’s stated intent regarding the buyback program and for the purposes of reducing the capital of the Company.

Additionally, the Company announced that it has today agreed a buyback of options granted over ten thousand, four hundred and forty-six ordinary shares granted to employees pursuant to the CoinShares Employee Incentive Plan, at a price of SEK 11 per option.

The total number of shares in CoinShares is at the date of this press release 68,135,425. At the time of this press release the Company holds 589,991 own shares.

About CoinShares

CoinShares is the European leading alternative asset manager 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. Founded in 2013, the firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 19:00 BST on Friday, 26 May 2023.

23 May 2023 | SAINT HELIER, Jersey - As announced on 04 April 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's largest and leading digital asset investment and trading group by AuM, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 04 April 2023, up to and including 30 May 2023 for total maximum amount of SEK 25 million in accordance with the authorisation from the Annual General Meeting on 20 June 2022.

The Board of Directors’ resolution to implement the share buy-back program was made after the Board's review of the Company's capital structure and was implemented for the purposes of reducing the capital of the Company.

The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):

DateNumber of shares acquiredLowest price paid (SEK)Highest price paid (SEK)Volume weighted average (SEK) 16 May 2023 1,385 29.55 32.20 30.97 17 May 2023 996 30.05 31.45 30.76 19 May 2023 1,405 29.40 30.95 30.32 22 May 2023 1,515 29.80 30.80 30.44 5,301

All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company's holding of own shares as of 23 May 2023 amounts to 585,180 shares. The total number of shares in CoinShares amounts to 68,135,425.

For a full break-down of repurchases made, please refer to the attached announcement.

About CoinShares

CoinShares is Europe’s largest and leading digital asset investment and trading group by AuM, managing billions of assets on behalf of a global client base. Our mission is to expand investing into digital assets with our trusted, regulated, best-in-class product suite that provides investors with trust and transparency when accessing cryptocurrencies. We believe that Bitcoin and blockchain networks are landmark innovations that will fundamentally reshape the global financial system and the way we interact digitally, and investors should be able to participate in this transformation. CoinShares is publicly listed on the Nasdaq Stockholm under ticker CS and the OTCQX under the ticker CNSRF. CoinShares has multiple touchpoints with financial regulatory bodies around the world, including the AMF, JFSC and FINRA.

For more information on CoinShares, please visit: https://coinshares.com
Company | +44 (0)1534 513 100 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 GMT on Tuesday, 23 May 2023.

Attachment

• 20230523 - Appendix to press release - share buy-back

An earlier version of this press release was missing the hyper link to our final Q1 Report as posted this morning on the CoinShares website. This corrected version of the press release now contains that link and the Q1 Earnings Report attached.

Q1 2023 has seen a return to profitability in a challenging environment, demonstrating the robust nature of the Group’s underlying business model.

16th May 2023 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares” or “the Company”) (Nasdaq Stockholm: CS;US OTCQX: CNSRF), the leading European digital asset manager, has today published its results for the quarter ending 31st March 2023.

Jean-Marie Mognetti, Chief Executive Officer of CoinShares said:

“I'm pleased to announce that Q1 2023 has underscored CoinShares' robust resilience and adaptability. The financial landscape has been riddled with obstacles this quarter, yet, CoinShares has emerged not just unscathed, but stronger. Looking ahead, I remain optimistic about our industry and CoinShares' place within it.”

Q1 2023 financial highlights

• Q1 revenue of £9.4 million (Q1 2022: £18.0 million)
• Q1 Gains and Other income of £5.9 million (Q1 2022: £11.2 million)
• Q1 adjusted EBITDA of £8.5 million (Q1 2022: £19.4 million)
• Total comprehensive income for Q1 2023 of £2.9 million (Q1 2022: £20.7 million)
  
  

Q1 2023 operational highlights

• CoinShares, as Europe's leading alternative asset manager for digital assets, is enhancing its portfolio of offerings in 2023 with the establishment of an active asset management business line.
  
  

• CoinShares' Passive Asset Management division had a steady quarter, generating management fees of £9.2 million. CoinShares introduced fee-free services for our CoinShares Physical Ethereum ETP and launched two new crypto ETP indices: CoinShares Physical Top 10 Crypto Market, which provides exposure to a diverse range of cryptocurrencies for cost-effective diversification, and the CoinShares Physical Smart Contract Platform, which offers exposure to the infrastructure layers of the digital asset market. Amid market fluctuations, our collaboration with Invesco held firm globally, and funds linked to our BLOCK index attracted $20.8 million in new investments.
  
  
• CoinShares' Capital Markets division reported gains and other income in Q1 of £6.7 million. During the past quarter the Capital Markets department has executed three strategic actions to mitigate risk and enhance due diligence: bolstering our counterparty controls and processes using internal expertise;pioneering professionalisation of the sector to reduce counterparty risks, including establishing proofs of concept with several exchanges and custodians for safer trading;and securing new banking partnerships to ensure smooth US dollar transactions in light of recent regulatory changes in the crypto market. These efforts have been instrumental in delivering performance over Q1.
  
  

ENDS

For the full CoinShares Q1 2023 report, click this link.

ABOUT COINSHARES


CoinShares is the European leading alternative asset manager 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, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]


This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information in this press release has been published through the agency of the contact persons set out above, at 8:00 am GMT+1 on 16th May 2023.

PRESS CONTACT


CoinShares
Benoît Pellevoizin
[email protected]


H/Advisors Maitland
Freddie Barber / Alasdair Todd
[email protected]
+44 (0) 207 379 5151

Attachment

• coinshares_q1_23_report

16 May 2023 | SAINT HELIER, Jersey - As announced on 04 April 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's largest and leading digital asset investment and trading group by AuM, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 04 April 2023, up to and including 30 May 2023 for total maximum amount of SEK 25 million in accordance with the authorisation from the Annual General Meeting on 20 June 2022.

The Board of Directors’ resolution to implement the share buy-back program was made after the Board's review of the Company's capital structure and was implemented for the purposes of reducing the capital of the Company.

The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):

DateNumber of shares acquiredLowest price paid (SEK)Highest price paid (SEK)Volume weighted average (SEK) 09 May 2023 2,395 28.80 30.15 29.24 10 May 2023 2,400 29.40 31.45 30.63 11 May 2023 2,333 30.60 32.35 31.65 12 May 2023 1,650 30.00 31.80 31.04 15 May 2023 1,540 31.50 31.95 31.70 10,318

All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company's holding of own shares as of 16 May 2023 amounts to 578,474 shares. The total number of shares in CoinShares amounts to 68,135,425.

For a full break-down of repurchases made, please refer to the attached announcement.

About CoinShares

CoinShares is Europe’s largest and leading digital asset investment and trading group by AuM, managing billions of assets on behalf of a global client base. Our mission is to expand investing into digital assets with our trusted, regulated, best-in-class product suite that provides investors with trust and transparency when accessing cryptocurrencies. We believe that Bitcoin and blockchain networks are landmark innovations that will fundamentally reshape the global financial system and the way we interact digitally, and investors should be able to participate in this transformation. CoinShares is publicly listed on the Nasdaq Stockholm under ticker CS and the OTCQX under the ticker CNSRF. CoinShares has multiple touchpoints with financial regulatory bodies around the world, including the AMF, JFSC and FINRA.

For more information on CoinShares, please visit: https://coinshares.com
Company | +44 (0)1534 513 100 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 GMT on Tuesday, 16 May 2023.

Attachment

• 20230516 - Appendix to press release - share buy-back

Q1 2023 has seen a return to profitability in a challenging environment, demonstrating the robust nature of the Group’s underlying business model.

16th May 2023 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares” or “the Company”) (Nasdaq Stockholm: CS;US OTCQX: CNSRF), the leading European digital asset manager, has today published its results for the quarter ending 31st March 2023.

Jean-Marie Mognetti, Chief Executive Officer of CoinShares said:

“I'm pleased to announce that Q1 2023 has underscored CoinShares' robust resilience and adaptability. The financial landscape has been riddled with obstacles this quarter, yet, CoinShares has emerged not just unscathed, but stronger. Looking ahead, I remain optimistic about our industry and CoinShares' place within it.”

Q1 2023 financial highlights

• Q1 revenue of £9.4 million (Q1 2022: £18.0 million)
• Q1 Gains and Other income of £5.9 million (Q1 2022: £11.2 million)
• Q1 adjusted EBITDA of £8.5 million (Q1 2022: £19.4 million)
• Total comprehensive income for Q1 2023 of £2.9 million (Q1 2022: £20.7 million)
  
  

Q1 2023 operational highlights

• CoinShares, as Europe's leading alternative asset manager for digital assets, is enhancing its portfolio of offerings in 2023 with the establishment of an active asset management business line.
  
  

• CoinShares' Passive Asset Management division had a steady quarter, generating management fees of £9.2 million. CoinShares introduced fee-free services for our CoinShares Physical Ethereum ETP and launched two new crypto ETP indices: CoinShares Physical Top 10 Crypto Market, which provides exposure to a diverse range of cryptocurrencies for cost-effective diversification, and the CoinShares Physical Smart Contract Platform, which offers exposure to the infrastructure layers of the digital asset market. Amid market fluctuations, our collaboration with Invesco held firm globally, and funds linked to our BLOCK index attracted $20.8 million in new investments.
  
  
• CoinShares' Capital Markets division reported gains and other income in Q1 of £6.7 million. During the past quarter the Capital Markets department has executed three strategic actions to mitigate risk and enhance due diligence: bolstering our counterparty controls and processes using internal expertise;pioneering professionalisation of the sector to reduce counterparty risks, including establishing proofs of concept with several exchanges and custodians for safer trading;and securing new banking partnerships to ensure smooth US dollar transactions in light of recent regulatory changes in the crypto market. These efforts have been instrumental in delivering performance over Q1.
  
  

ENDS

For the full CoinShares Q1 2023 report, click this link.

ABOUT COINSHARES


CoinShares is the European leading alternative asset manager 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, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]


This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information in this press release has been published through the agency of the contact persons set out above, at 8:00 am GMT+1 on 16th May 2023.

PRESS CONTACT


CoinShares
Benoît Pellevoizin
[email protected]


H/Advisors Maitland
Freddie Barber / Alasdair Todd
[email protected]
+44 (0) 207 379 5151

09 May 2023 | SAINT HELIER, Jersey - As announced on 04 April 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's largest and leading digital asset investment and trading group by AuM, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 04 April 2023, up to and including 30 May 2023 for total maximum amount of SEK 25 million in accordance with the authorisation from the Annual General Meeting on 20 June 2022.

The Board of Directors’ resolution to implement the share buy-back program was made after the Board's review of the Company's capital structure and was implemented for the purposes of reducing the capital of the Company.

The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):

DateNumber of shares acquiredLowest price paid (SEK)Highest price paid (SEK)Volume weighted average (SEK) 02 May 2023 2,345 32.30 33.15 32.83 03 May 2023 2,365 32.35 33.90 33.10 04 May 2023 2,405 33.10 33.55 33.27 05 May 2023 2,415 32.00 32.85 32.50 08 May 2023 2,400 29.85 30.70 30.21 11,930

All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company's holding of own shares as of 09 May 2023 amounts to 568,156 shares. The total number of shares in CoinShares amounts to 68,135,425.

For a full break-down of repurchases made, please refer to the attached announcement.

About CoinShares

CoinShares is Europe’s largest and leading digital asset investment and trading group by AuM, managing billions of assets on behalf of a global client base. Our mission is to expand investing into digital assets with our trusted, regulated, best-in-class product suite that provides investors with trust and transparency when accessing cryptocurrencies. We believe that Bitcoin and blockchain networks are landmark innovations that will fundamentally reshape the global financial system and the way we interact digitally, and investors should be able to participate in this transformation. CoinShares is publicly listed on the Nasdaq Stockholm under ticker CS and the OTCQX under the ticker CNSRF. CoinShares has multiple touchpoints with financial regulatory bodies around the world, including the AMF, JFSC and FINRA.

For more information on CoinShares, please visit: https://coinshares.com
Company | +44 (0)1534 513 100 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 GMT on Tuesday, 09 May 2023.

Attachment

• 20230509 - Appendix to press release - share buy-back

02 May 2023 | SAINT HELIER, Jersey - As announced on 04 April 2023, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS;US OTCQX: CNSRF), Europe's largest and leading digital asset investment and trading group by AuM, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 04 April 2023, up to and including 30 May 2023 for total maximum amount of SEK 25 million in accordance with the authorisation from the Annual General Meeting on 20 June 2022.

The Board of Directors’ resolution to implement the share buy-back program was made after the Board's review of the Company's capital structure and was implemented for the purposes of reducing the capital of the Company.

The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):

DateNumber of shares acquiredLowest price paid (SEK)Highest price paid (SEK)Volume weighted average (SEK) 25 April 2023 2,530 31.05 32.90 32.53 26 April 2023 2,500 33.65 34.60 34.42 27 April 2023 2,515 32.50 34.80 33.86 28 April 2023 2,425 30.85 31.40 31.08 9,970

All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company's holding of own shares as of 02 May 2023 amounts to 556,226 shares. The total number of shares in CoinShares amounts to 68,135,425.

For a full break-down of repurchases made, please refer to the attached announcement.

About CoinShares

CoinShares is Europe’s largest and leading digital asset investment and trading group by AuM, managing billions of assets on behalf of a global client base. Our mission is to expand investing into digital assets with our trusted, regulated, best-in-class product suite that provides investors with trust and transparency when accessing cryptocurrencies. We believe that Bitcoin and blockchain networks are landmark innovations that will fundamentally reshape the global financial system and the way we interact digitally, and investors should be able to participate in this transformation. CoinShares is publicly listed on the Nasdaq Stockholm under ticker CS and the OTCQX under the ticker CNSRF. CoinShares has multiple touchpoints with financial regulatory bodies around the world, including the AMF, JFSC and FINRA.

For more information on CoinShares, please visit: https://coinshares.com
Company | +44 (0)1534 513 100 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 GMT on Tuesday, 02 May 2023.

Attachment

• 20230502 - Appendix to press release - share buy-back

Notice is hereby given that the Annual General Meeting of CoinShares International Limited (the “Company”) will take place on Wednesday, 31 May 2023 at 14:00 BST in the form of a virtual event without the physical presence of the shareholders or their proxies.

The entire Annual General Meeting will be broadcast live online (audio and video) via Wavecast.io and will be open for all shareholders who are entered in the Company’s stock register on the day of the Annual General Meeting. The exercise of shareholder rights, in particular the exercise of voting rights, requires registration for the meeting in due time and in the proper form and will be performed by poll during the meeting or by granting power of attorney to Company proxies. The location of the Annual General Meeting for the purposes of the minutes is the Company’s registered office, 2 Hill Street, St Helier, Jersey, JE2 4UA.

RIGHT TO ATTEND THE ANNUAL GENERAL MEETING AND NOTICE

Shareholders wishing to attend the Annual General Meeting must:

1. on the record date, which is 17 May 2023, be registered in the Company’s share register maintained by Euroclear Sweden AB. Shareholders, whose shares are registered in the name of a nominee, must temporarily register the shares in their own name at Euroclear Sweden AB. Shareholders whose shares are registered in the name of a nominee must, no later than 16 May 2023, via their nominee, temporarily register the shares in their own name in order to be entitled to participate at the general meeting. In order to re-register shares in time, shareholders should make the request via their nominee in good time before this date.
2. notify the participation at the general meeting no later than 16 May 2023. Notice of participation at the general meeting may be given by following the registration instructions detailed on the Reports Portal on the Company’s website or here . Upon notification, the shareholder must state their full name, personal identification number (date of birth for non-Swedish investors) or corporate registration number, postal and email address, as well as the number of shares held.

PROPOSED AGENDA

1. Opening of the Annual General Meeting
2. Election of the Chairman of the Annual General Meeting
3. Preparation and approval of voting list
4. Approval of the agenda
5. Determination of whether the general meeting has been duly convened
6. Election of one person to certify the minutes
7. Presentation of the Annual Report, consolidated financial statements and the audit report
8. Resolution regarding the adoption of the group income statement and group balance sheet

1. Determination of the number of members of the Board of Directors and the number of Auditors
2. Determination of remuneration to the Board of Directors and the Auditor
3. Election of the Board of Directors and the Auditor
4. Resolution on the approval of the Board of Director’s Remuneration Report
5. Resolution regarding authorising the Board of Directors to decide on repurchase and transfer of own shares
6. Closing of the Annual General Meeting

PROPOSALS FOR RESOLUTIONS ITEM 2: OPENING OF THE MEETING AND ELECTION OF CHAIRMAN OF THE GENERAL MEETING The Nomination Committee, appointed in accordance with the instruction for the Nomination Committee as resolved by the Annual General Meeting on 20 June 2022 and comprising of the Chairman of Nomination Committee, Michael Carlton (appointed by Daniel Masters), Gunther Thumann (appointed by Mognetti Partners Limited), Paul Davison (appointed by Russell Newton) and Johan Lundberg (representative of the Board of CoinShares International Limited), proposes that Daniel Masters, Chairman, be appointed as the Chair of the Annual General Meeting 2023. ITEM 3: PREPARATION AND APPROVAL OF THE VOTING LIST The voting list proposed for approval is the voting list drawn up by the Company Secretary, based on the register of shareholders provided by Euroclear Sweden AB, shareholders having given notice of participation and being present at the Meeting, and postal votes received. ITEM 6: ELECTION OF ONE PERSON TO CERTIFY THE MINUTES The Board of Directors suggests that Michael Petch be elected to verify the minutes. The task of Mr Petch also includes controlling the voting list and that the received postal votes are correctly reflected in the minutes of the Meeting. ITEMS 9-11: DETERMINATION OF REMUNERATION TO THE BOARD OF DIRECTORS AND THE AUDITORS, ELECTION OF THE BOARD OF DIRECTORS AND THE AUDITORS AND ELECTION OF THE CHAIRMAN OF THE BOARD OF DIRECTORS The Nomination Committee proposes that: Item 9 The Board of Directors shall consist of 6 directors and that the Company should have one registered public auditor’s firm as auditor. Item 10 Remuneration to the Board of Directors, which remain unchanged from the previous year, shall be paid to the Board of Directors in the amount of GBP 50,000 to each of the non-employed Directors, which includes all committee membership and committee chair positions, and GBP 125,000 to the Chairman provided that the Chairman is not an employee. Item 11 For the period up to the end of the Annual General Meeting 2024, Jean-Marie Mognetti, Carsten Køppen, Johan Lundberg, Viktor Fritzén and Christine Rankin be re-elected as members of the Board of Directors and that Daniel Masters be re-elected as the Chairman of the Board. The audit firm Baker Tilley Channel Islands Limited be re-elected as the Company’s auditor for the period up to the end of the Annual General Meeting 2024. The Nomination Committee’s proposal is in line with the Audit and Risk Committee’s recommendation. Information regarding the candidates nominated by the Nomination Committee for re-election to the Board of Directors is available on the Company’s website under the Investor Relations section. ITEM 12: RESOLUTION ON APPROVAL OF THE BOARD OF DIRECTOR’S REMUNERATION REPORT Under the Swedish Corporate Governance Code, the Board of Director’s is required to prepare a report for each financial year regarding paid and outstanding remuneration to Board members, the CEO and the deputy CEO who are covered by the guidelines. As the Company has no deputy CEO and the Board members do not receive any remuneration other than that decided by the general meeting, the report for 2023 only covers the Company's CEO. According to the Swedish Corporate Governance Board's rules on remuneration to senior executives and on incentive programs, the report must contain an overview of each of the outstanding and concluded incentive programs completed during the year. The Board of Directors suggests that the Annual General Meeting approve the remuneration report for the financial year 2022. ITEM 14: RESOLUTION REGARDING AUTHORISING THE BOARD OF DIRECTORS TO DECIDE ON REPURCHASE AND TRANSFER OF OWN SHARES The Board of Directors proposes that the Annual General Meeting resolves to authorise the Board of Directors to decide on purchases of the Company’s own shares in accordance with the following, main terms:

1. Share repurchases may be made only on Nasdaq Stockholm or any other regulated market.
2. The authorisation may be exercised on one or more occasions before the 2024 Annual General Meeting.
3. The maximum number of own shares that may be repurchased so that the Company’s holding of shares at any given time does not exceed 10% of the total number of shares in the Company.
4. Repurchases of the Company’s own shares on Nasdaq Stockholm may only be made at a price of no more than 5% above the average trading price of the 5 business days prior to the repurchase.
5. Payment for the shares shall be made in cash.

In addition, the Board of Directors proposes that the Annual General Meeting resolves to authorise the Board of Directors to decide on transfer of own shares, with or without deviation from the shareholders’ preferential rights, in accordance with the following, main terms:

1. Transfers may be made on (i) Nasdaq Stockholm or (ii) outside of Nasdaq Stockholm in connection with the acquisition of companies, operations, or assets.
2. The authorisation may be exercised on one or more occasions before the 2024 Annual General Meeting.
3. The maximum number of shares that may be transferred corresponds to the number of shares held by the Company at the point in time of the Board of Directors’ decision on transfer.
4. Transfers of shares on Nasdaq Stockholm may only be made at a price of no more than 5% above the average trading price of the 5 business days prior to the transfer. For transfers outside of Nasdaq Stockholm, the price shall be set so that the transfer is made at market terms, except for delivery of shares in connection with employee stock option programs.
5. Payment for transferred shares may be made in cash, through in-kind payment, or through set-off against claims with the Company.

The purpose of the authorisations is to give the Board of Directors greater scope to act and the opportunity to adapt and improve the Company’s capital structure and thereby create further shareholder value, and take advantage of any attractive acquisition opportunities. The authorisation may also be used in order to enable delivery of shares in connection with employee stock option programs. The Board of Directors shall have the right to decide on other terms for repurchases and transfers of own shares in accordance with its authorisation. The Board of Directors also has the right to authorise the chairman of the Board, the chief executive officer, or the person designated by the Board to make such minor adjustments that may be necessary in connection with the execution of the Board’s decision to repurchase or transfer shares. A valid resolution in favour of the Board’s proposal requires the approval of shareholders with at least two-thirds of the votes and shares represented at the Annual General Meeting. NUMBER OF SHARES AND VOTES The total number of shares in the Company as of the date hereof amounts to 68,135,425 shares, with a corresponding number of votes. The Company holds 553,801 own shares. FURTHER INFORMATION Copies of accounts, audit report, remuneration report, proxy form, complete proposals and all other relevant documents are made available on the Company’s website at least four weeks in advance of the Annual General Meeting. The shareholders are hereby notified regarding the right to, at the annual general meeting, request information from the Board of Directors and chief executive officer. Jersey, 28 April 2023
CoinShares International Limited
The Board of Directors
About CoinShares CoinShares is Europe’s largest and leading digital asset investment and trading group by AuM, managing billions of assets on behalf of a global client base. Our mission is to expand investing into digital assets with our trusted, regulated, best-in-class product suite that provides investors with trust and transparency when accessing cryptocurrencies. We believe that Bitcoin and blockchain networks are landmark innovations that will fundamentally reshape the global financial system and the way we interact digitally, and investors should be able to participate in this transformation. CoinShares is publicly listed on the Nasdaq Stockholm under ticker CS and the OTCQX under the ticker CNSRF. CoinShares has multiple touchpoints with financial regulatory bodies around the world, including the AMF, JFSC and FINRA. For more information on CoinShares, please visit: https://coinshares.com
Company | +44 (0)1534 513 100 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected]
Attachments

• CoinShares Remuneration Report 2022
• Proxy Form

28th April 2023 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares” or “the Company”) (Nasdaq Stockholm: CS;US OTCQX: CNSRF), Europe's leading alternative asset manager specialising in digital assets, today published its 2022 Annual Report, providing comprehensive and detailed information on the firm, its financial performance, its strategy, corporate governance and the industry and market for the 2022 financial year. The report includes the audited financial statements for the year ending 31st December 2022. The full report can be found here. The AGM Notice can be found here.

2022 financial highlights

• Revenue of £51.3 million (2021: £80.8 million).
• Operating loss* of £20.2 million (2021: operating profit of £101.4 million).
• Total comprehensive income for the year £2.9 million (2021: £113.5 million).
• Net asset position of the Group as at 31st December 2022 of £203.7 million (December 2021: £200.0 million).
  *Operating loss taken from the Group’s Alternative Statement of Comprehensive Income

2022 business overview:

• Asset Management: European net investment into crypto ETPs was mildly negative as a result of market events including Luna and FTX. 2022 saw gross revenue generated from XBT Provider of £46.0 million (2021: £78.3 million), with CoinShares Physical posting gross revenue of £2.3 million (2021: £0.9 million) with inflows roughly offsetting the negative revenue impact of price over the year. The Group’s BLOCK Index generated fees of £1.9 million (2021: £1.2 million). In 2023, we believe that European regulatory clarity around both ETPs and underlying crypto assets will help a larger proportion of professional investors to invest in the opportunity that strengthening fundamentals and lower prices present.
  
  
• Capital Markets: The total notional traded by CoinShares Capital Markets in 2022 reduced to $15.0 billion (2021: $32 billion) as market participants withdrew from the market and black swan events quelled investor appetites. Q2 and Q4 Capital Markets performance was overshadowed by the significant exceptional items incurred on disposal of the Group’s US Terra holding and amounts held on FTX, which stood at £17.9 million and £26.0 million respectively. Gains and income generated by the Capital Markets team excluding these two items was £26.5 million (2021: £61.2 million).
  
  
• Consumer Solutions: FTX’s bankruptcy had a significant impact on the Group’s capacity to deploy HAL.trading in Europe. Consequently, in consultation with CoinShares France’s senior management, it was decided to terminate CoinShares’ consumer activity. (to refocus our energy on our core strategy)
  
  
• Principal Investments: Our Principal Investments portfolio suffered from the turbulence of 2022 and we experienced several write-downs with certain invested companies ceasing trading altogether. Following the events of 2022, we believe that institutional focused, regulated players will benefit the most in 2023. This view aligns with our investments in Komainu, the regulated custodian, which successfully raised at the end of Q4 2022 and announced a new CEO. Additionaly It is aligned with our FlowBank investment, the fully licensed Swiss bank, which has experienced a consistent 30-40% growth rate in new clients per quarter since Q1 2021.

• Strategy
  CoinShares' 2022 Annual Report highlights the company's focus on its core identity as an asset manager with 10 years of expertise in the digital asset industry. With clarified objectives and by charting a new path, the 2023 strategy is designed to consolidate CoinShares' position as Europe's leading alternative asset manager specialised in digital assets.
  To cater to investors seeking sophisticated investment alternatives, CoinShares plans to expand its product offering and establish an active asset management business with several strategies open to institutional external allocators. For its passive asset management franchise, the company aims to continue to increase its European market share of gross inflows, targeting a 30% share this year doubling up versus 2021.
  
  ABOUT COINSHARES
  CoinShares is the leading European digital asset manager that delivers a broad range of financial services across investment management, trading, securities, and consumer products to a wide array of clients that includes corporations, financial institutions, and individuals. The Group is headquartered in Jersey, with a presence in France, Sweden, 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 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 | [email protected]
Investor Relations | +44 (0)1534 513 100 | [email protected].

PRESS CONTACT
CoinShares
Benoît Pellevoizin
[email protected]

H/Advisors Maitland
Freddie Barber / Alasdair Todd
[email protected]
+44 (0) 207 379 5151