CoinShares revenue up 53% in Q4 amid ‘strongest quarter to date’

The European Company of Investment in Crypto Coinshares declared more than 50% of income in the fourth quarter of 2024, reaching 60.8 million dollars.

Corners Completed 2024 with a big leap in income, declaring 48.3 million pounds Sterling (approximately 60.8 million dollars) in the fourth quarter, up 53% compared to the same period last year. In a February 18 press releaseThe firm said its adjusted Ebitda reached 33.6 million pounds sterling, marking a leap of 37%.

The CEO of Coinshares, Jean-Marie Mognetti, addressing the financial results of the company, described it as “one of the strongest districts of Coinshares since creation” while the political landscape has changed considerably.

“The fourth quarter of 2024 was undoubtedly the most transformative district of the history of digital assets, marked by changes in revolutionary policy. […] With our infrastructure in place and our market position stronger than ever, we are particularly ready to grasp this pivot moment of digital assets. »»

Jean-Marie Mognetti

For the full year, income reached 126.8 million pounds Sterling, which represents an increase of 66% compared to 2023. Total full income for 2024 has more than doubled to 107.5 million pounds sterling, said the press release.

The asset management division of Coinshares has had its best quarter, as total assets on its physical platform increased by 54% to reach $ 2.3 billion. In addition to that, Coinshares says that his physique Bitcoin etp has become the largest in Europe because its overall assets under management increased by 30% to 3.74 billion dollars.

Earlier in January, Coinshares James Butterfill’s research manager noted This 2024 ended with a record of $ 44.2 billion in entries in digital asset products, which is almost four times higher than the “previous record set in 2021 which experienced entries of 10 , $ 5 billion ”.