Transaction Highlights
- CoinShares, Europe's largest asset manager specializing in digital assets with over US$6 billion in assets under management, is now listed on the Nasdaq in the United States under the ticker symbol CSHR
- Listing effected through a completed business combination between CoinShares International Limited, Vine Hill Capital Investment Corp. (Nasdaq: VCIC), and the newly formed holding company CoinShares PLC (previously Odysseus Holdings Limited)
- Transaction valued at approximately US$1.2 billion pre-money equity value, anchored by a US$50 million institutional common equity commitment
- CoinShares is listing on Nasdaq in the United States, positioning the Company at the center of the world's largest capital market
- CoinShares ranks among the top digital asset managers globally alongside BlackRock, Fidelity, and Grayscale based on assets under management
CoinShares PLC (previously Odysseus Holdings Limited, "CoinShares" or the “Company”), a leading global asset manager specialising in digital assets with over US$6 billion in assets under management, today announced that it began trading on the Nasdaq Stock Market (“Nasdaq”) in the United States under the ticker symbol “CSHR” on 1st April 2026.
The US listing was effected through a business combination between CoinShares International Limited, Vine Hill Capital Investment Corp. ("Vine Hill"), a special purpose acquisition company, and CoinShares, a newly formed holding company. Upon completion, CoinShares International Limited became a wholly owned subsidiary of CoinShares PLC, which now serves as the publicly listed parent company on Nasdaq.
Why the United States
The Nasdaq listing positions CoinShares at the center of the world's largest and most liquid capital market at a moment of accelerating institutional adoption of digital assets. The US market offers:
- Enhanced access to the deepest pool of institutional capital globally
- Expanded sell-side analyst coverage and research visibility
- A platform to accelerate CoinShares' US product expansion and growth strategy
- Proximity to the regulatory and market-standard developments shaping the future of institutional digital asset management
CoinShares ranks among the top four digital asset managers globally by crypto ETP assets under management, alongside BlackRock, Fidelity, and Grayscale, and holds the number one market position in Europe with approximately 34% market share. The Company manages over US$6 billion in assets across a 39-product suite spanning four platforms. CoinShares operates a recurring, fee-based revenue model that delivers strong profitability and free cash flow generation.
Management Commentary
Jean-Marie Mognetti, Co-Founder, President and CEO of CoinShares, stated: "Today CoinShares begins a new chapter. After more than a decade of building institutional-grade digital asset infrastructure in Europe, we are bringing that expertise to the world's largest capital market.
But this listing is about more than a change of venue. It reflects the strategic evolution of CoinShares from a pure-play ETP provider into a diversified asset manager specializing in digital assets. We are continuing our development whilst diversifying both our product and revenue mix, including new capabilities in listed asset management, active alternative strategies. and decentralized finance. We intend to enhance our organic growth strategy through targeted and well priced acquisition. Our story starts with our US listing; it doesn't finish there."
Nicholas Petruska, CEO of Vine Hill Capital, stated: "We are pleased to have completed this business combination with CoinShares, a company that exemplifies market leadership, operational discipline, and demonstrated the capacity to execute a very sophisticated transaction. The combination of CoinShares' decade-long track record in digital assets with a US listing creates a compelling investment proposition for investors at a time of accelerating institutional adoption."
For more information on CoinShares' Nasdaq listing and US strategy, visit www.coinsharesipo.com
