v3.26.3
Unaudited Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Dec. 31, 2024
Current assets      
Cash and cash equivalents   $ 30,422,000  
Prepaids and other current assets   30,000,000  
Total assets   60,422,000  
Current Liabilities:      
Accounts payable   14,653,000  
Accrued expenses   47,166,000  
Total liabilities   61,832,000  
Commitments and Contingencies  
Shareholder’s Deficit      
Ordinary shares, no par value  
Ordinary shares, value   $ 150,000,000  
Retained earnings   (151,410,000)  
Total shareholders’ equity   (1,410,000)  
Total liabilities and shareholders’ equity   60,422,000  
CoinShares International Limited      
Current assets      
Cash and cash equivalents   64,243,000 24,915,000
Digital assets – held for operations   3,974,713,000 4,466,678,000
Digital assets – held as treasury   33,354,000 15,249,000
Digital asset exchange traded products   1,145,428,000 1,190,998,000
Trade receivables   3,491,000 2,126,000
Digital asset receivables, net of allowance for expected credit losses of $529 and $760, respectively   108,517,000 205,892,000
Prepaids and other current assets   13,326,000 914,000
Total current assets   5,343,072,000 5,906,772,000
Property and equipment, net   366,000 288,000
Operating right of use assets   2,957,000 2,885,000
Goodwill   2,820,000 2,819,000
Other intangible assets, net   11,897,000 11,113,000
Investments   18,850,000 20,338,000
Other non-current assets   2,316,000 2,699,000
Total assets   5,382,278,000 5,946,914,000
Current Liabilities:      
XBT Certificate Liabilities   2,465,007,000 3,695,537,000
XBT CS Physical Certificate Liabilities   1,279,000
CS Physical Certificate Liabilities   2,041,154,000 1,453,943,000
Digital asset payables   168,374,000 241,705,000
Amounts due to brokers   169,086,000 99,124,000
Trade and other payables   28,400,000 32,321,000
Notes payable, current   3,151,000
Operating lease liability, current portion   1,347,000 895,000
Total current liabilities   4,877,798,000 5,523,525,000
Notes payable, non-current   24,973,000 24,657,000
Operating lease liability, net of current portion   1,528,000 2,096,000
Other non-current liabilities   1,012,000 993,000
Total liabilities   4,905,311,000 5,551,271,000
Shareholder’s Deficit      
Ordinary shares, value   44,000 44,000
Additional paid-in capital   29,203,000 38,020,000
Accumulated other comprehensive income   16,671,000 14,958,000
Retained earnings   431,049,000 342,621,000
Total shareholders’ equity   476,967,000 395,643,000
Total liabilities and shareholders’ equity   5,382,278,000 5,946,914,000
Coinshares PLC [Member]      
Current assets      
Cash and cash equivalents $ 47,068,000 64,243,000  
Digital assets – held for operations 2,515,483,000 3,974,713,000  
Digital assets – held as treasury 26,687,000 33,354,000  
Digital asset exchange traded products 640,116,000 1,145,428,000  
Trade receivables 4,041,000 3,491,000  
Digital asset receivables, net of allowance for expected credit losses of $529 and $760, respectively 238,969,000 108,517,000  
Prepaids and other current assets 13,326,000  
Total current assets 3,482,255,000 5,343,072,000  
Property and equipment, net 520,000 366,000  
Operating right of use assets 2,765,000 2,957,000  
Goodwill 2,820,000 2,820,000  
Other intangible assets, net 10,646,000 11,897,000  
Investments 20,067,000 18,850,000  
Other non-current assets 2,164,000 2,316,000  
Total assets 3,521,237,000 5,382,278,000  
Current Liabilities:      
XBT Certificate Liabilities 1,358,004,000 2,465,007,000  
XBT CS Physical Certificate Liabilities 1,326,000 1,279,000  
CS Physical Certificate Liabilities 1,406,792,000 2,041,154,000  
Digital asset payables 114,764,000 168,374,000  
Amounts due to brokers 173,582,000 169,086,000  
Trade and other payables 10,701,000 28,400,000  
Notes payable, current 3,151,000  
Operating lease liability, current portion 1,093,000 1,347,000  
Total current liabilities 3,066,262,000 4,877,798,000  
Notes payable, non-current 24,973,000  
Operating lease liability, net of current portion 1,048,000 1,528,000  
Other non-current liabilities 1,012,000  
Total liabilities $ 3,068,030,000 $ 4,905,311,000  
Shareholder’s Deficit      
Ordinary shares, no par value  
Additional paid-in capital $ 51,352 $ 29,247,000  
Accumulated other comprehensive income 16,433,000 16,671,000  
Retained earnings 385,422,000 431,049,000  
Total shareholders’ equity 453,207,000 476,967,000 $ 395,643,000
Total liabilities and shareholders’ equity $ 3,521,237,000 5,382,278,000  
Related Party      
Current Liabilities:      
Due to related party   $ 13,000