Investment firm CoinShares secures a SPAC deal worth $1.2 billion, marking its expansion to Wall Street.
CoinShares Goes Public in $1.2 Billion Merger, Expanding Presence in US Stock Market
CoinShares, a leading digital asset management company, is set to go public in the United States through a $1.2 billion merger with Vine Hill Capital Investment Corp. The transaction, which includes a $50 million investment from an institutional investor, is expected to accelerate CoinShares' expansion plans across both US and European stock markets.
The merger values CoinShares at $1.2 billion before new investment, reflecting the company's impressive growth and strong financial performance. In the second quarter of 2025, CoinShares posted $32.4 million in profits, boasting a 76% profit margin. The company has tripled its assets under management over the past two years, currently managing around $10 billion in digital assets.
CoinShares' dominance in Europe is evident, with a 34% market share. The company offers 32 different crypto investment products covering Bitcoin, Ethereum, Solana, and other digital currencies. The company's success is not only due to its wide product range but also its ability to generate strong cash flow from recurring fees, similar to traditional stock market asset managers.
The merger provides CoinShares with access to deeper capital pools, enhanced credibility with global investors, and positioning in the world's most important financial market. The United States, with half of the world's $128 trillion in managed assets, presents a significant opportunity for digital asset businesses.
The American stock market becomes increasingly friendly towards crypto companies under President Trump's administration, providing a favourable environment for CoinShares' growth. The company's relocation of its headquarters from the Stockholm Stock Exchange to the centers of American financial markets aims to capitalise on this opportunity.
CoinShares plans to leverage this new platform to launch new products beyond basic crypto exposure, including tokenized real-world assets and advanced blockchain-based financial products. This move positions CoinShares to compete with American giants like BlackRock and Fidelity on their home turf.
The merger has received regulatory approval from the Securities and Exchange Commission, National Futures Association, and Financial Industry Regulatory Authority. About 85% of shareholders already support the transaction, indicating a positive outlook for the company's future.
As of June 2025, CoinShares holds $411 million in net assets, positioning the company for continued growth and success in the rapidly evolving digital asset market.
