CoinShares Dem Arrive Nasdaq Through SPAC Wit $1.2B Valuation
CoinShares come dey Nasdaq for im first time through $1.2 billion SPAC merger wey e do with Vine Hill Capital and Odysseus Holdings on September 8, make am be di first European Web3 company for big US exchange. Di transaction value CoinShares about 37% pass wetin e dey for Stockholm market cap and e get $50 million anchor investment. CoinShares start for 1998, switch to digital assets for 2014 and now dey manage over $8 billion assets (AUM), na di fourth for di whole world. For Q1–Q2 2025, e report say e make revenues of $39.96 million and $41.52 million get 75% EBITDA margin. Asset management na 74% of revenue, but capital markets and proprietary trading dey volatile. With clearer US regulation and rising institution interest, CoinShares Nasdaq SPAC listing wan boost US growth and set beta for European crypto companies.
Bullish
CoinShares wey dem take SPAC list for Nasdaq show say more institution dey accept am and digital assets get better liquidity, na good tin for Bitcoin and related market dem. For short time, more media talk and new money wey dey enter fit make Bitcoin price go up as US investors fit easily join through regulated ways. For long term, dis move show say rules clear more and top asset managers dey expand cross border, wey go help steady demand and market sabi well well.