CoinShares Acquires Crypto Investment Provider Napoleon for $15.7M

The transaction is expected to be completed this month.

Dec 1, 2021 at 9:52 a.m. UTC
Updated Dec 1, 2021 at 2:43 p.m. UTC

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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Jamie Crawley is a CoinDesk news reporter based in London.