CoinShares International Limited (“CoinShares” or “the Group”) (Nasdaq Stockholm: CS; USOTCQX: CNSRF), the leading European investment company specialising in digital assets, is pleased to announce the successful sale of its FTX claim. The agreement, signed today and subject to customary closing conditions, will yield a recovery rate of 116% net of broker fees, resulting in a return of £31.32 million on a £26.6 million claim.
Key Highlights:
- Recovery Rate: Upon completion, CoinShares will have achieved a recovery rate of 116% on its FTX claim, translating to a return of £31.32 million.
- Shareholder Benefits: The successful claim sale will significantly enhance the Group’s financial position, creating opportunities to provide increased returns to our valued shareholders.
- Client Advantages: The increased financial flexibility resulting from this transaction will allow CoinShares to reinvest in growth opportunities, further strengthening our market position. Clients can anticipate continued innovation and enhanced services as the Group leverages this capital enhancement to drive expansion and development within the digital asset sector.
Jean-Marie Mognetti, CEO of CoinShares, commented: “The resolution of the FTX situation has been highly favourable for CoinShares. This exceptional recovery rate is a testament to the diligence and expertise of our team. We remain dedicated to leveraging this success to reward our shareholders and to drive further growth and innovation within the digital asset industry.”
