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LONDON - Blockchain venture builder Coinsilium Group Limited (AQSE:COIN) reported a comprehensive loss of £987,747 for the year ended December 31, 2024, compared to a loss of £660,684 in the previous year, as the company shifts its strategic focus toward bitcoin treasury operations.
Revenue fell to £6,000 from £37,250 in 2023, while administrative expenses remained relatively stable at £963,800 compared to £896,246 in the prior year. The company recorded a net fair value loss on financial assets of £138,288 versus a gain of £17,289 in 2023.
Despite the wider loss, Coinsilium maintained its cash position with £286,999 in cash and cash equivalents at year-end, nearly unchanged from £283,757 at the end of 2023. The company also reported gains on revaluation of cryptocurrencies held as other current assets of £252,364, up from £191,791 in the previous year.
In early 2025, Coinsilium launched Forza (Gibraltar) Limited, a wholly-owned subsidiary established to operate as a dedicated Bitcoin-focused treasury for the company. This initiative reflects Bitcoin’s growing strategic importance in the digital asset ecosystem, with the company having acquired 58.3157 Bitcoin by June 25, 2025.
Following the reporting period, Coinsilium successfully raised approximately £8.75 million through two private placements and retail offerings in May and June 2025, with the funds being deployed to further develop Forza’s operations.
The company’s financial assets at fair value through profit or loss amounted to £1,949,242 at December 31, 2024, down from £2,162,782 at the end of 2023. Coinsilium’s investment portfolio includes stakes in companies such as Coindash Limited, Greengage Global Holding Ltd, and Yellow (OTC:YELLQ) Network.
Eddy Travia, Chief Executive Officer, said the company is entering "a truly seminal period for the digital asset industry," with Coinsilium positioning itself at the forefront of this transformation through its Bitcoin treasury strategy.
The information in this article is based on a press release statement from the company.
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