In its fourth-quarter report for 2023, CoinShares highlighted that its total assets under management as of Dec. 31, 2023, was $3.81 billion.
Digital asset investment platform CoinShares declared $108.5 million in annual revenue in its fourth-quarter report for 2023.
In the fourth quarter of 2023 alone, CoinShares reported revenue, gains and other income of $42.12 million. The company added that its adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) was around $32.51 million, and its total comprehensive income was $19.36 million for the quarter.
Compared with its earnings in 2022, CoinShares recorded a significant recovery in 2023. In the fourth quarter of 2022, the company’s EBITDA was negative $30.11 million, while its total income was negative $46.94 million. Overall, its revenue, gains and other income for 2023 was $108.4 million. The company’s adjusted EBITDA for the year was $71.98 million, while its total income was $47.95 million.
