CoinShares, one of the largest cryptocurrency asset managers in Europe, has announced its strategy to enter the US market through a merger with Vine Hill Capital.
Details of the $1.2 Billion Merger
CoinShares confirmed its agreement with Vine Hill Capital, a special purpose acquisition company listed on Nasdaq. The deal values CoinShares at $1.2 billion, providing US investors with an opportunity to engage in the company's growth. A corporate investor has committed to a $50 million equity investment as part of the agreement.
Strengthening Presence in the US Market
CoinShares has significantly expanded its offerings, increasing the number of products from four in 2021 to 32 today, including products focused on Bitcoin, Ethereum, Solana, and other altcoins. The "CoinShares Physical" platform in Europe has raised its revenues by 5.4 times from the start of 2023 to mid-year.
Financial Performance and Future of CoinShares
CoinShares' business model generates a stable cash flow through a recurring-payment-based revenue structure. In 2024, the company achieved an adjusted EBITDA margin of 68%, which increased to 76% in the first half of 2025. As of June, the net asset position stood at $411 million.
The merger with Vine Hill Capital opens new opportunities for CoinShares in the US financial market and emphasizes the company's growing role in the cryptocurrency asset sector.
