CoinShares‘ assets under management recover to £2.02 billion
2022/11/01 01:24
According to The Block, digital asset manager CoinShares has released its third-quarter earnings, showing a marked improvement over its second-quarter performance. During the second quarter, the firm's assets under management fell below £2 billion; by Sept. 30, it had recovered to £2.02 billion. Adjusted earnings before interest, taxes, depreciation, and amortization, or EBITDA — a popular measure of a company's financial performance — was £6.4 million (just over $7.3 million). However, this is down from the adjusted EBITDA of £26.1 million a year ago.
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