CoinShares Falls 9.5% as H1 Earnings Weaken Amid Crypto Price Drops
CoinShares posted weaker H1 2026 earnings due to digital asset price drops. Revenue fell 35.8% year over year to $51.4 million, and segment EBITDA declined by more than 60%. However, the company remained profitable in both major segments and preserved capital through the downturn.
Chief Executive Jean-Marie Mognetti said CoinShares weathered the storm well, with clients continuing to allocate funds even as market conditions contracted. He noted that core asset-management and capital-markets segments stayed profitable.
The company's available capital stood at $413.9 million by June 30, with no long-term debt. Management highlighted growth initiatives, including the launch of its first UCITS platform in July and the Bastion Asset Management acquisition in September.