Crypto asset manager CoinShares also suffered losses in the second quarter of this year, driven by the collapse of TerraUSD (UST).
According to CoinShares’ statement today, the company’s earnings before interest, depreciation and tax (EBITDA) in the second quarter minus £8.2m it happened.
CoinShares in the same period last year $28.6 million in earnings had explained.
The company has both this image in its material table and increase in operating costs and decrease in revenues. as well as to the collapse of TerraUSD tying.
The value of CoinShares’ TerraUSD position briefly 120 million dollars it was up. The company downsized this position after the collapse process started and Because of TerraUSD Just over $21 million suffered damage.
CoinShares’ future growth plans Talking about the company’s CFO, Richard Nash, as a team, these plans are currently that they approached “more cautiously” told.