According to Foresight News, digital asset investment firm CoinShares has released its financial results for the first quarter of 2024. The company reported a significant increase in its income, earnings, and other revenues, which amounted to £43.9 million, marking a 216% year-on-year growth.
The adjusted EBITDA for the first quarter of 2024 was £34.2 million, representing a more than four-fold increase compared to the same period in the previous year. The total comprehensive income for the first quarter of 2024 was £34.1 million, showing an over 11-fold increase year-on-year.
In addition to these impressive financial results, CoinShares successfully completed the acquisition of Valkyrie ETF's business in March 2024.
