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22.11 - 18:37
CoinShares reports stellar Q3 on the back of larger crypto market strength
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CoinShares Group announced the third-quarter interim results for 2021. And for the first time, the company claimed to have achieved such a strong Q3.
According to the company statement, the financial highlights for the period ended 30 September, 2021 included the total comprehensive income of £84.9 million. This is a huge surge when compared to the figures for 2020, which stood at £14.3 million.
The quarterly income is even higher than the income from the entire year of 2020, which was £18.4 million. Jean-Marie Mognetti, Chief Executive Officer of CoinShares stated,
“Over Q3 and despite some headwinds, we have largely maintained the momentum that was seen moving into 2021.”
Additionally, the company’s adjusted earnings before interest, taxes,
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