European Crypto Giant CoinShares Plans US Market Entry with $1.2B Merger

by

Well, well, well, what have we here? It seems that CoinShares International Limited is taking a giant leap across the pond, and no, it’s not to visit Big Ben or grab some fish ‘n chips. On September 8, they announced a rather fancy business combination agreement with Vine Hill Capital Investment Corp., a special purpose acquisition company (SPAC). The end result? A snazzy new listing on the Nasdaq Stock Market in the good ol’ United States of America.

The deal puts CoinShares at a whopping $1.2 billion valuation-yes, billion with a B-on a pre-money basis. Looks like they’re not just playing around in the digital asset sandbox anymore. This move positions them as one of the largest publicly traded digital asset managers globally. To sweeten the pot, there’s a $50 million anchor investment from some serious institutional backers.

Strategic Move to Capture US Market Opportunity

You might be wondering, “Why make the move?” Well, aside from the fact that the US is where the action is, this deal lets CoinShares shift its listing from the chilly shores of Nasdaq Stockholm to the bright lights of Nasdaq USA. Why? Because over half of global assets under management are chilling in the States. The company manages roughly $10 billion in assets, placing them fourth in the world for crypto exchange-traded products, right behind BlackRock, Grayscale, and Fidelity. Yeah, those guys.

In Europe, CoinShares is the undisputed champion, holding a 34% market share. And talk about a growth spurt-assets have tripled over the last two years. Strong investor interest and shiny new products helped them along the way. Ain’t no stopping this rocket ship.

Jean-Marie Mognetti, the CEO and co-founder of CoinShares, described the transaction as “far more than a change of listing venue from Sweden to the United States” but rather “a strategic transition for CoinShares, accelerating our ambition for global leadership.” Sure, Jean-Marie, let’s go with that. 😉

“The US is now serving as the crucible of the digital asset space. By listing in the United States, CoinShares is positioning itself to meet growing investor demand and to participate more fully in the evolution of this new industry,” Mognetti stated in the press release.

CoinShares Reaches Record Financial Performance

So, how’s the company doing? You won’t believe this, but CoinShares is absolutely raking it in. In fact, global crypto ETP assets hit a record high of $134.5 billion by Q4 2024. That’s a jaw-dropping 950% increase year-over-year, all thanks to the approval of US spot Bitcoin ETFs. This is like watching your favorite underdog team score the winning goal in the last second.

The crypto asset management market is growing fast, too. From $857.09 million in 2023 to $1.06 billion in 2024, and it’s not stopping anytime soon. Experts predict a 24.61% annual growth rate through 2030. Talk about a booming market!

In the second quarter of 2025, CoinShares posted a net profit of $32.4 million and asset management fees of $30.0 million. And with 32 crypto exchange-traded products covering Bitcoin, Ethereum, Solana, and more, they’re certainly keeping busy.

Oh, and as if that wasn’t enough, they just secured a MiCA license to offer crypto services across Europe. The French financial regulator gave them the green light in July. Looks like CoinShares is becoming the toast of Europe, too.

How and When Will The Company Debut?

So when is this all going down? Under the terms of the deal, CoinShares and Vine Hill shareholders will trade their securities for shares in a new company called Odysseus Holdings Limited. The transaction is expected to close by the end of the fourth quarter of 2025, provided the shareholders, regulators, and the heavens align. Once the deal is done, CoinShares will say goodbye to Nasdaq Stockholm and hello to Nasdaq USA by December 18, 2025.

One thing’s for sure: if you’re in the crypto business, now’s the time to ride the wave of institutional clients and global growth. CoinShares is just one shining example. Who’s next?

Read More

2025-09-09 02:34