Coinsilium's crypto portfolio soars 58% in two months

Coinsilium Group Limited (LON:COIN) said the value of its cryptocurrency holdings have rocketed over the past two months as prices across the asset class have soared.

As of today, the Aquis-listed company’s vesting and fully vested cryptocurrency and token treasury is worth  US$3.13mln, held primarily in BTC (Bitcoin), ETH (Ethereum), ICX (ICON) and RIF (RSK Infrastructure Framework).

Coinsilium added its crypto holding have jumped in value by approximately 58% since 8 February 2021 helped by what it says is an aggressive treasury management strategy.

“Whilst the ‘staking’ of crypto (in return for interest) continues to feature as an element of the company’s active treasury management strategy, it has not been the most significant driver for delivering the quantum appreciation in our crypto holdings,” said the statement.

Coinsilium added it had also released the transcript of its latest shareholder Q&A session, which can be accessed here, which focuses on the activity in the Non-Fungible Token (NFT) space.

Story by ProactiveInvestors