Coinshares International Limited
BTC Holdings
236
Share Price
$117
Current trading price per share
Market Cap
$802.4M
Total market capitalization
Enterprise Value
$670.6M
Market cap plus debt minus cash
NAV Multiple
28.442
Net Asset Value multiplier
BTC / Market Cap
3.52%
Bitcoin holdings as % of market cap
About Coinshares International Limited
CoinShares International Limited (CS.ST, 3TW.F) is a leading public company based in Jersey, renowned for its innovative approach to digital asset investment. As a trusted partner to institutions, family offices, and high-net-worth investors, CoinShares provides a suite of advanced trading technologies and services. These include electronic trading, liquidity provisioning, lending, borrowing, and bespoke risk management solutions tailored for miners, exchanges, brokers, and crypto funds. The company’s focus on regulated investment vehicles and transparent operations has positioned it as a key player in the evolving digital asset landscape coinshares.com.
CoinShares’ Bitcoin strategy is rooted in providing secure, regulated, and accessible exposure to Bitcoin for institutional and retail investors alike. The company’s investment thesis centers on the long-term value proposition of Bitcoin as a store of value and a hedge against traditional financial market volatility. By offering products such as the CoinShares Physical Bitcoin ETP, the firm enables investors to gain direct exposure to Bitcoin without the complexities of self-custody. This approach has helped CoinShares attract significant inflows, reflecting the growing appetite for Bitcoin among sophisticated investors investor.coinshares.com.
With a strong market position and a reputation for resilience, CoinShares continues to shape the future of digital asset investing. The company’s commitment to transparency, innovation, and regulatory compliance has made it a benchmark for other firms in the sector. As the digital asset industry matures, CoinShares remains at the forefront, driving adoption and setting standards for institutional-grade Bitcoin investment products.
October 31, 2024: CoinShares added 93 BTC to its holdings, as reported in its Q3 2024 results. This move underscores the company’s ongoing commitment to increasing its Bitcoin exposure and supporting its investment products with robust reserves.Sources: Press Release, Financial Statement
August 2024: CoinShares’ total Bitcoin holdings reached 14,827 BTC, reflecting steady accumulation and strong investor demand for its physical Bitcoin products x.com.
Q2 2024: The company reported persistent investor interest in its Spot Bitcoin ETPs, with industry inflows amounting to $2.75 billion for the quarter and cumulative net inflows reaching $16.84 billion year-to-date. This highlights CoinShares’ significant role in channeling institutional capital into Bitcoin investor.coinshares.com.
CoinShares’ recent activities demonstrate its proactive approach to Bitcoin accumulation and its leadership in providing regulated, institutional-grade Bitcoin exposure. As the digital asset market continues to evolve, CoinShares stands out as a pivotal force in bridging traditional finance and the Bitcoin ecosystem.
Recent Developments
- Mar 31, 2025: Bitcoin holdings increased by 73.00 BTC to 236 BTC with cost basis of $82.4K (BTC @ $74)
- Dec 31, 2024: Bitcoin holdings increased by 70.00 BTC to 163 BTC with cost basis of $93.6K (BTC @ $83)
- Oct 31, 2024: Bitcoin holdings increased by 15.00 BTC to 93 BTC with cost basis of $71.5K (BTC @ $52.6)
- Sep 30, 2024: Bitcoin holdings increased by 78.00 BTC to 78 BTC with cost basis of $64K (BTC @ $57)
Coinshares International Limited — Bitcoin Holdings Over Time
September 30, 2024 - Present
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Coinshares International Limited — Stock vs BTC Dynamics
September 30, 2024 - Present
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Balance Sheet History