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CoinShares
Bitcoin Production Costs Hit $49,500 as Wall Street Miners Face Margin Squeeze
- Overall fees reached $96,100, including depreciation and stock compensation.
- Miners are responding by diversifying into AI operations and securing strategic power contracts.
Wednesday, 30/10/2024 | 15:42 GMT by
Damian Chmiel
CoinShares Expands US Presence with New York Office
- The company is actively recruiting for various departments, such as sales, marketing, operations, and compliance.
- The launch of the new office followed the acquisition of Valkyrie and its portfolio of ETFs.
Tuesday, 22/10/2024 | 15:18 GMT by
Jared Kirui
CoinShares' Q2 2024 Record Revenues Overshadowed by £22M FlowBank Impairment
- CoinShares reported doubled revenue, but faced a significant setback due to FlowBank's bankruptcy.
- On a positive note, the company completed the sale of its FTX claim, achieving a 116% recovery rate.
Tuesday, 06/08/2024 | 06:52 GMT by
Damian Chmiel
CoinShares Bolsters Global AUM to $7.3 Billion with Valkyrie Acquisition
- The firm began the acquisition of Valkyrie after securing the option in November 2023.
- The acquisition includes ownership of the Valkyrie Bitcoin Fund, a physically-backed Bitcoin ETF.
Tuesday, 12/03/2024 | 12:55 GMT by
Tareq Sikder
CoinShares Explores Acquisition of Valkyrie Funds in Digital Asset Move
- In the European crypto ETP market, the firm oversees $3.2 billion in assets under management.
- The acquisition allows CoinShares to acquire 100% of Valkyrie Funds, including the rights to Valkyrie BTC Fund and unlaunched ETFs.
Thursday, 16/11/2023 | 17:54 GMT by
Tareq Sikder
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