CoinShares Reports Over 50% Revenue Surge in Q4 2024

European crypto investment firm CoinShares has reported a significant revenue increase in the fourth quarter of 2024, reaching $60.8 million.

CoinShares concluded 2024 with a remarkable 53% increase in revenue, reporting £48.3 million (approximately $60.8 million) for Q4, compared to the same period last year. According to a press release dated February 18, the firm’s adjusted EBITDA rose to £33.6 million, reflecting a 37% growth.

Jean-Marie Mognetti, the CEO of CoinShares, stated that this marked one of the firm’s strongest quarters since its establishment, in light of significant changes in the political landscape.

> “Q4 2024 was arguably the most transformative quarter in digital asset history, marked by groundbreaking policy shifts.
> With our infrastructure in place and market position stronger than ever, we are uniquely poised to seize this pivotal moment in digital assets.”
> — Jean-Marie Mognetti

Additionally, for the entire year, CoinShares reported a total revenue of £126.8 million, indicating a 66% increase from 2023. The total comprehensive income for 2024 more than doubled, reaching £107.5 million, as indicated in the press release.

CoinShares’ Asset Management division achieved its best quarter ever, with total assets on its physical platform increasing by 54% to $2.3 billion. Furthermore, the firm noted that its Physical Bitcoin ETP became the largest in Europe, with total assets under management growing 30% to $3.74 billion.

In early January, CoinShares’ head of research James Butterfill highlighted that 2024 concluded with a record $44.2 billion in inflows into digital asset products, nearly quadrupling the previous record of $10.5 billion set in 2021.

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