1. CoinShares reported $40 million total revenue in Q1 2025, down from $47.5 million. 2. CoinShares Physical ETP outperformed peers with $268 million in net inflows. 3. U.S. exchange listing plans are being advanced due to favorable regulatory changes. 4. Despite losses, CoinShares increased Bitcoin holdings by 45% to 236 BTC. 5. First quarterly dividend for 2024 demonstrates shareholder commitment.
The report shows operational resilience and growth potential amid market volatility, similar to past recovery instances in the crypto market, highlighting an effective strategy that could positively influence CNSRF’s stock price.
Recent financial performance, market leadership, and expansion strategy indicate long-term growth potential, influencing investor sentiment towards CNSRF positively.
With ongoing regulatory improvements and strategic positioning for a U.S. listing, CNSRF may experience sustained growth over time, as seen with other successful crypto firms expanding into new markets.
CoinShares International Limited ("CoinShares" or "the Group") (Nasdaq Stockholm: CS; USOTCQX: CNSRF), a leading global investment company specialising in digital assets, has today published its results for the quarter ending 31st March 2025.
Jean-Marie Mognetti, Chief Executive Officer of CoinShares said:
"Despite the sharp decline in digital asset prices during Q1, CoinShares has demonstrated exceptional operational resilience and strategic discipline. Our proactive approach to market volatility has not only enabled us to remain robust but has also supported continued growth—most notably through our CoinShares Physical platform, which is outperforming peers at an unprecedented pace.
Shifting conditions create opportunities. Our brand strength has positioned CoinShares as the leading provider of crypto ETPs in Europe, attracting sustained inflows and reinforcing our market leadership.
In parallel, we are re-affirming our long-standing objective of securing a U.S. exchange listing. With the US regulatory environment evolving in a more constructive direction, this goal is realistic—further advancing our strategy to extend CoinShares' presence in the world's largest and most influential capital market for digital asset firms."
Effective 1 January 2025, the Group has amended its functional and presentation currency from GBP to USD to more accurately reflect the economic environment in which the Group is operating as it continues to expand.
In accordance with IAS 21 – The Effects of Changes in Foreign Exchange Rates, the change in functional currency has been applied prospectively from the date of change. Accordingly, all items in the financial statements were translated into USD at the exchange rate prevailing at that date. The change in presentation currency has been applied retrospectively. The comparative financial information has been restated as if USD had always been the Group's presentation currency.
Further information, along with the full detail of the Q1 results, are included within the full report, available here.
Download the Swedish Executive Summary here.
CoinShares is a leading global investment company specialising in digital assets, that delivers a broad range of financial services across investment management, trading and securities to a wide array of clients that includes corporations, financial institutions and individuals. Focusing on crypto since 2013, the firm is headquartered in Jersey, with offices in France, Sweden, Switzerland, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, and in the US by the Securities and Exchange Commission, National Futures Association and Financial Industry Regulatory Authority. CoinShares is publicly listed on the Nasdaq Stockholm under the ticker CS and the OTCQX under the ticker CNSRF.
For more information on CoinShares, please visit: https://coinshares.com
Company | +44 (0)1534 513 100 | investor@coinshares.com
Investor Relations | +44 (0)1534 513 100 | investor@coinshares.com
This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information in this press release has been published through the agency of the contact persons set out below, at 6:30 am CET on 13th May 2025.
CoinShares
Benoît Pellevoizin
contact@coinshares.com
M Group Strategic Communications
Peter Padovano
contact@mgroup.com
SOURCE CoinShares Group