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CoinShares Acquires Crypto Investment Provider Napoleon for $15.7M

The transaction is expected to be completed this month.

By Jamie Crawley
AccessTimeIconDec 1, 2021 at 9:52 a.m. UTC
Updated May 11, 2023 at 5:51 p.m. UTC
Statue of Napoleon Bonaparte image via Shutterstock
Statue of Napoleon Bonaparte image via Shutterstock
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Digital asset manager CoinShares agreed to buy French crypto investment product provider Napoleon Crypto SAS for €13.9 million ($15.7 million) in cash and stock.

  • CoinShares will issue 363,636 new shares at €10.80 ($12.25) each to complete the deal, the company announced Wednesday.
  • The deal is expected to be completed in the second week of December.
  • Napoleon provides prebuilt, noncustodial crypto portfolios catering to different investment goals. The portfolios are integrated with such exchanges as Binance, Bitfinex, Bitstamp and FTX.
  • Jersey-based CoinShares trades on the Nasdaq First North Growth Market. Its assets under management stood at £2.9 billion ($3.9 billion) at the end of September.
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    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Jamie Crawley
    Jamie Crawley

    Jamie Crawley is a CoinDesk news reporter based in London.

    Follow @JamieCrawleyCD on Twitter

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