Digital Asset Manager Coinshares Reports Strong Q2 2024 Earnings 💹
Coinshares, a leading European digital asset investment firm, reported strong financial performance in Q2 2024. The quarter highlighted a significant increase in revenue and adjusted EBITDA, showcasing financial resilience. Despite market challenges like the impairment of its Flowbank investment, Coinshares navigated these effectively. Additionally, the company achieved a profitable sale of its FTX claim, further bolstering its financial standing. The reported 133% growth in EBITDA underscores the company's solid position amid a complex market landscape.
Source: news.bitcoin.com ↗