Coinshares Trades on NASDAQ Stockholm

CoinShares International Limited (Nasdaq Stockholm: CS)(OTCQX: CNSRF), a European digital asset platform, has listed its shares on Nasdaq Stockholm’s main market. CoinShares was approved to trade its shares earlier this month with a prospectus published on December 14th. There was no capital raise with the listing of the shares. Currently, CoinShares trades at SEK 21.5/share (USD$ ~2.14). The shares previously traded on the Nasdaq First North Growth Market.

Adam Kostyál, Head of European listings at Nasdaq, welcomed CoinShares to the exchange noting there are “increased opportunities” with the uplisting.

“We look forward to seeing the company’s further growth and development supported by increased investor visibility and international exposure within the cryptofinance community.”

Jean-Marie Mognetti, Chief Executive Officer of CoinShares, commented:

“We are delighted to start our new life trading on Nasdaq Stockholm’s main market. This marks a significant step in our development and demonstrates our ability to adhere to the enhanced requirements of a regulated exchange. We have made significant strides this year in challenging market conditions, strengthening our management team and increasing awareness of the company and our various achievements. We are excited to take on the challenges of the market with a view to emerging as the institutional leader in the ever-evolving digital asset sector. With our strong foundation and ambitious vision, we are confident that we will succeed in our mission to become the trusted partner for institutions looking to invest in the future of finance. The change in trading venue emphasizes our ongoing commitment to developing CoinShares into the leading full-service digital asset investment and trading group, globally. We believe the change in listing venue will allow us to benefit from increased visibility and investor exposure while supporting our ambition to grow our market share.”

CoinShares is based in Jersey and currently offers trading in digital assets as well as exchange-traded products (ETP) and other services. In a Tweet, CoinShares noted the uplisting may boost interest from institutional investors due to the enhanced regulatory profile.

Last October, CoinShares reported Total revenue year-to-date of £42.7 million versus year-to-date revenue in 2021 of £ 55.1 million.
“Total comprehensive income” for Q3 was reported at £20.0 million versus year prior Q3 2021 of £26.2 million. Adjusted EBITDA was reported at £6.4 million compared to Q3 2021 of £26.0 million. EPS for year-to-date 2022 was £0.09.

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