Mergers & Acquisitions
By The Online Investor Staff, updated Mon., Mar. 18, 9:48 PM
Slide #44. CoinShares International Limited — Valkyrie Funds LLC
Acquirer: |
CoinShares International Limited (CNSRF) |
Acquiree: |
Valkyrie Funds LLC |
Details: |
CoinShares International Limited ("CoinShares" or "the Company") (Nasdaq Stockholm: CS; US OTCQX: CNSRF), the leading European investment company specialising in digital assets, today announced the completion of its acquisition of Valkyrie Funds LLC ("Valkyrie"), the investment advisory business of Valkyrie Investments Inc. ("Valkyrie Investments"), as well as the Sponsor rights to the Valkyrie Bitcoin Fund, the physically-backed Bitcoin ETF. With the addition of approximately Valkyrie's $530 million of assets under management ("AUM"), CoinShares' AUM has increased to approximately $7.3 billion globally as of 11th March 2024. This pivotal move significantly accelerates CoinShares' expansion into the U.S. market and is a further milestone towards building a global asset management franchise. |
CoinShares International Limited: CNSRF Valkyrie Funds LLC: PRIVATE
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March 18, 2024 9:48 PM Eastern
Hold (2.00 out of 4)
100th percentile
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