European asset manager CoinShares has reported a record Q1 2024 performance, with a 216% revenue increase to £19.5M ($24.5M) compared to Q1 2023. The firm's EBITDA soared to £34.2M ($43M), a fourfold increase from the previous year. CoinShares CFO Richard Nash revealed that 45% of the company's total gains come from its asset management business, 40% from capital markets, and the remaining 15% from its principal investment portfolio. CoinShares also completed the acquisition of Valkyrie funds in March, adding £1.6M ($2M) of goodwill to its balance sheet. The firm's total assets under management as of March 31, 2024, were £4.77B ($6B).