March 3, 2022, St. Petersburg, FL – Water Tower Research (www.watertowerresearch.com) has published an Initiation of Coverage report on CoinShares International Ltd (OTCQX: CNSRF), Europe’s largest and longest standing digital asset firm. The report centers around the company’s 2021 performance showing it can deliver significant profit growth (adjusted EBITDA grew over 5x Y/Y) while improving its existing infrastructure to give more investors access to the growing digital asset ecosystem.
“In 2021, CoinShares had a record year. It grew adjusted EBITDA to £122 million from £22 million in 2020, over 5x. With CoinShares adding consumer targeted offerings, its total addressable market has grown to 200 million cryptocurrency investors, a number which is expected to rise over the years,” said John M.A. Roy, Managing Director, Technology at Water Tower Research.
“CoinShares is a successful digital asset firm expanding from Europe into the US and the rest of the world via product diversification aimed at an ever-increasing consumer base. The growth opportunity presented by its Napoleon acquisition, which adds a B2C component, is significant. And it is trading at a significant discount to its peers.”
We will be hosting CoinShares CEO Jean-Marie Mognetti for a fireside chat on March 10, 2022, at 11am ET. It is open to all investors. Click to register here.
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