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Coinshares: Where Losing Money Is Just Part of Their Business Plan to Make More Money

Crypto NewsRegulation/NegotiationRetail Investors 1 Sam Rogers August 16, 2024

An illustration of a person standing at the edge of a cliff overlooking an ocean with waves crashing below; they hold a large stack of coins that seem to be slipping through their fingers into the sea as some float away on the water's surface. The figure is surrounded by scattered coins and debris from what appears to have been a shipwreck, suggesting loss or failure in one part of their business while others are thriving nearby. In contrast, other stacks of coins remain intact near them but slightly out of reach, hinting at potential gains yet untapped.

The great news just keeps rolling out for Coinshares! Another quarter, another profit from their dubious dealings with crypto companies that inevitably go bankrupt. I mean who needs actual value or stability when your business model is based on ‘we’ll invest in anything and hope it doesn’t tank’? Their Flowbank fiasco was a real highlight of the year – £24.8 million lost due to bankruptcy, but hey at least they got some cash back from selling their FTX claim! It’s like playing that old game where you bet your friends’ money on who can eat a whole pizza in one sitting and then get lucky with the leftovers

Source: bitcoin.com

Digital Asset Manager Coinshares Reports Strong Q2 2024 Earnings 
https://news.bitcoin.com/digital-asset-manager-coinshares-reports-strong-q2-2024-earnings
Coinshares, a leading European digital asset investment firm, reported strong financial performance in the second quarter of 2024, highlighted by a significant increase in revenue and adjusted EBITDA. The company also navigated market challenges, including the impairment of its Flowbank investment, while achieving a profitable sale of its FTX claim. In its latest earnings disclosure, Coinshares posted a total revenue of £22.5 million for Q2 2024, more than doubling the […]

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About the author

Sam Rogers

Sam’s plunge into the crypto world turned into a brutal farce when he fell for an absurdly obvious scam promising to double his investment. After being fleeced by a slick email con, Sam is left fuming and broke. His writing drips with anger and dark humor as he exposes the outrageous scams and ludicrous promises of the crypto world. His motto: “I didn’t just fall for a scam—I was sucker-punched by an entire industry. If you think crypto is a goldmine, just wait until you see how deep it can dig your grave.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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