Crypto-Follow logo Crypto-Follow logo
Seeking Alpha 2022-03-14 13:12:16

CoinShares expands stake in Swiss lender FlowBank to 29.3%

Cryptocurrency asset manager CoinShares (OTCPK:CNSRF) on Monday expanded its overall holding in Swiss lender FlowBank to 29.3%, with voting rights equal to 32.06%, according to a release. "This is aligned with our strategic plan to make CoinShares an integrated digital asset fintech company,” said CoinShares CEO Jean-Marie Mognetti The transaction was priced at CHF 24.74M ($26.45M). Upon closing, Mognetti will join FlowBank's board of directors to advise on its digital asset strategy and international development. At the start of December, CoinShares agreed to buy French fintech firm Napoleon Crypto.

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer