Cryptocurrency investment firm CoinShares has announced it will begin trading on Nasdaq starting Wednesday through a merger with a special purpose acquisition company (SPAC). The company will combine with Vine Hill Capital to form holding entity CoinShares PLC, following the completion of the transaction on Tuesday evening. Initially announced in September last year, the deal values the company at approximately $1.2 billion, including a $50 million investment from institutional investors. CoinShares will trade under the ticker symbol "CSHR."
Founded 12 years ago, CoinShares is a European asset management company specializing in crypto assets, serving both institutional and individual investors. The firm offers structured investment products and funds, including the U.S.-listed CoinShares Bitcoin ETF, and currently manages $6 billion in assets.