CoinShares Q4 2024: Beats across the board - Redeye
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CoinShares Q4 2024: Beats across the board - Redeye

Redeye states that CoinShares’ Q4 2024 report was strong, with beats across all segments. CSCM beat Redeye Research estimates (RRe) by 80%, driven by successful trading activity following the US election, while Asset management came in 9% ahead of RRe. EBITDA was 29% ahead of RRe or 8%, adjusting for BTC treasury holdings. CoinShares showed even greater beats versus consensus. Redeye expects to tweak its estimates and fair value range following the report.

Redeye states that CoinShares’ Q4 2024 report was strong, with beats across all segments. CSCM beat Redeye Research estimates (RRe) by 80%, driven by successful trading activity following the US election, while Asset management came in 9% ahead of RRe. EBITDA was 29% ahead of RRe or 8%, adjusting for BTC treasury holdings. CoinShares showed even greater beats versus consensus. Redeye expects to tweak its estimates and fair value range following the report.
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