According to Foresight News, CoinShares, a European investment firm focusing on digital assets, has released its annual report for 2023. The report reveals a total income, earnings, and other revenues of £85.7 million for 2023, marking an 18.7% increase from the £72.2 million reported in 2022.
The breakdown of the revenue includes £43 million from asset management fees, £39 million from capital market earnings and other income, and £3.7 million from primary investment earnings. Notably, the primary investment earnings showed a significant improvement from a loss of £4.9 million in 2022. The firm also reported an adjusted profit before interest, tax, depreciation, and amortization of £57.3 million.
As of December 31, 2023, the net assets of the group stood at £239.2 million.