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Water Tower Research Publishes Initiation of Coverage Report on CoinShares International Ltd (CNSRF) Titled “ Europe’s Largest Digital Asset Firm is Adding Crypto Access for Consumers to Grow its TAM ”

March 3, 2022, St. Petersburg, FL – Water Tower Research ( has published an Initiation of Coverage report on CoinShares International Ltd (OTCQX: CNSRF), Europe’s largest and longest standing digital asset firm. The report centers around the company’s 2021 performance showing it can deliver significant profit growth (adjusted EBITDA grew over 5x Y/Y) while improving its existing infrastructure to give more investors access to the growing digital asset ecosystem.

“In 2021, CoinShares had a record year. It grew adjusted EBITDA to £122 million from £22 million in 2020, over 5x. With CoinShares adding consumer targeted offerings, its total addressable market has grown to 200 million cryptocurrency investors, a number which is expected to rise over the years,” said John M.A. Roy, Managing Director, Technology at Water Tower Research.

“CoinShares is a successful digital asset firm expanding from Europe into the US and the rest of the world via product diversification aimed at an ever-increasing consumer base. The growth opportunity presented by its Napoleon acquisition, which adds a B2C component, is significant. And it is trading at a significant discount to its peers.”

We will be hosting CoinShares CEO Jean-Marie Mognetti for a fireside chat on March 10, 2022, at 11am ET. It is open to all investors. Click to register here.  

About Water Tower Research

Water Tower Research is an investor engagement and stakeholder communication platform powered by Wall Street veterans with significant experience and credibility. We create, deliver, and maintain the information flow required to build and preserve relationships between companies and all their stakeholders and investors. “Research for the other 99% &trade” opens the door for every investor to stay informed and ensures transparency, better engagement, and equal communication.

Contact Information:

Name: Water Tower Research
Job Title: WTR Investor Engagement

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