CoinShares revenue for the second quarter of 2024 rose to nearly $28.5 million. FTX bankruptcy proceedings generated a return of 116% in the quarter.
European asset manager CoinShares has seen a 110% increase in its revenue for the second quarter of 2024, backed in part by its FTX claim sale.
According to CoinShares’ Aug. 6 earnings report, company revenue for the quarter rose to 22.5 million pounds ($28.5 million) from 10.7 million pounds ($13.5 million) in the same period of 2023, representing a 110% growth rate year over year.
CoinShares’ claim on FTX bankruptcy proceedings netted the asset manager a 116% yield to a return of 31.32 million pounds ($39.78 million). At the time of the exchange’s collapse, the claim stood at 26.6 million pounds ($33.78 million).
