on Coinsilium Group Limited (isin : VGG225641015)
Coinsilium Group Limited: 2024 Financial Overview
Coinsilium Group Limited, a key player in digital assets, released its annual financial statements for the year ending 31 December 2024. Revenues dropped significantly to £6,000 from £37,250 in the prior year. Net fair value loss on financial assets was £138,288 compared to a £17,289 gain in 2023. The year concluded with a total comprehensive loss of £987,747 against the previous year's £660,684.
The digital asset market saw a resurgence in 2024 with Bitcoin experiencing significant appreciation. Major developments included the approval of spot Bitcoin ETFs and key regulatory changes in the US and Europe. Institutional interest surged, highlighting Bitcoin's maturity as a macro asset class.
Coinsilium's strategic activities included partnerships with blockchain projects and securing a SAFT agreement with Otomato Web3. The company also increased its investment in Yellow Network, which progressed towards operational deployment. Financing activities included raising £472,500 through a share placement.
R. E.
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