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Coinshares International Limited

Ticker: CS.ST

Coinshares International Limited Key Metrics

Bitcoin Holdings
236
BTC
Market Cap
$4.7B
USD
Enterprise Value
$7.8B
USD
BTC/Share
0.000004
Per Share
mNAV
329.090
Premium

Coinshares International Limited Bitcoin Strategy

Total Bitcoin holdings represent 0.50% of market capitalization

Trading at 329.090x net asset value (premium)

Each share represents 0.000004 Bitcoin

About Coinshares International Limited

Coinshares International Limited is a publicly traded company that has allocated a portion of its treasury reserves to Bitcoin. This strategic decision positions the company at the forefront of corporate Bitcoin adoption, demonstrating confidence in Bitcoin as a store of value and potential hedge against currency debasement.

Coinshares International Limited Investment Thesis

Why investors consider Coinshares International Limited for Bitcoin exposure:

1

Regulated Bitcoin Exposure

Gain Bitcoin exposure through a publicly traded security with established regulatory frameworks, audited financials, and institutional-grade custody.

2

Premium Valuation

Trading at 329.09x mNAV reflects strong market confidence in Coinshares International Limited's Bitcoin strategy and ability to grow BTC per share over time.

3

Tax-Advantaged Accounts

Unlike direct Bitcoin ownership, shares can be held in IRAs, 401(k)s, and other tax-advantaged retirement accounts for potential long-term tax benefits.

Note: This is educational content about investment considerations, not financial advice. Bitcoin treasury companies carry unique risks including Bitcoin price volatility, dilution, and company-specific factors. Consult a financial advisor before investing.

Corporate Bitcoin Acquisition Context

Bitcoin Treasury Timeline

The corporate Bitcoin treasury movement gained momentum in 2020 when MicroStrategy became the first major public company to adopt Bitcoin as its primary treasury reserve asset. Since then, dozens of companies across multiple sectors have followed suit.

2020: Corporate Bitcoin adoption begins
2021: Tesla, Block, and others join
2022-23: HODL through bear market
2024+: Accelerated institutional adoption

Why Companies Hold Bitcoin

  • Inflation hedge - Protection against currency debasement
  • Treasury diversification - Alternative to cash and bonds
  • Shareholder value - Growing BTC per share over time
  • Balance sheet optimization - Converting idle cash to productive asset
  • Strategic positioning - Early mover advantage in Bitcoin economy

Coinshares International Limited is among the growing number of publicly traded companies holding Bitcoin as a treasury reserve asset, with 236 BTC on its balance sheet.

Company Details

Ticker SymbolCS.ST
Bitcoin Holdings236 BTC
Bitcoin Value$23.6M
BTC Per Share0.000004
mNAV Multiple329.090x

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