CoinShares Q2 Earnings: Company Records First Quarterly Loss as UST Losses $21.61M

The encrypted asset management company CoinShares released its second-quarter financial report. The total revenue in the second quarter was 13.9 million pounds (about 17 million U.S. dollars), a year-on-year decrease of 29%. ). Overall, CoinShares reported combined total revenue, earnings and other income of £15.3 million in the second quarter, but the company recorded its first quarterly loss due to losses of £17.7 million (approx. loss of £2.4 million).