CoinShares revenue up 53% in Q4 amid ‘strongest quarter to date’

European crypto investment firm CoinShares has reported more than a 50% revenue surge in Q4 2024, reaching $60.8 million.

CoinShares ended 2024 with a big jump in revenue, reporting £48.3 million (around $60.8 million) in Q4, up 53% from the same period last year. In a Feb. 18 press release, the firm said its adjusted EBITDA hit £33.6 million, marking a 37% jump.

CoinShares chief executive Jean-Marie Mognetti, addressing the firm’s financial results, called it “one of CoinShares’ strongest quarters since inception” as the political landscape changed considerably.

“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

For the full year, revenue reached £126.8 million, representing a 66% increase from 2023. Total comprehensive income for 2024 more than doubled to £107.5 million, the press release reads.

CoinShares’ Asset Management division had its best quarter ever as the total assets on its physical platform grew 54% to $2.3 billion. On top of that, CoinShares claims that its Physical Bitcoin ETP became Europe’s largest as its overall assets under management rose 30% to $3.74 billion.

Earlier in January, CoinShares head of research James Butterfill pointed out that 2024 ended with a record $44.2 billion in inflows into digital asset products, which is almost four times higher than the “prior record set in 2021 which saw $10.5 billion inflows.”