CoinShares Earnings Surge in First Half

Comprehensive income, a profit measure that includes the change in the value of digital assets, climbed more than fivefold.

AccessTimeIconAug 5, 2021 at 9:14 a.m. UTC
Updated May 9, 2023 at 3:22 a.m. UTC

CoinShares, Europe’s largest digital asset investment firm, said its adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) climbed more than sevenfold in the first half of the year.

  • Comprehensive income, a profit measure that includes the change in the value of its digital assets, climbed more than fivefold to £58.7 million ($82 million), the Jersey-based company said in a statement.
  • "This performance has been primarily driven by bitcoin and ethereum prices reaching all-time highs in April and May 2021, respectively," the company said. "This has resulted in increased management fees across the Group's Asset Management Platform."
  • The volatility that subsequently brought about dramatic declines in BTC and ETH prices, however, seems to have taken its toll on CoinShares' assets under management (AUM).
  • The firm's AUM at the end of June stood at £2.2 billion ($3 billion), a 33% decline from $4.5 billion at the end of last year.
  • CoinShares began trading on the Nasdaq First North Growth Market in March following a public offering that raised $17.8 million.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.