Coinsilium Group Limited’s (LON:COIN) Eddy Travia joins Proactive London to discuss what’s been driving their profits higher.
Profits in the six months ended June 2021 jumped to £326,000 (2020: £27,000) as the value of its financial assets leapt by almost £800,000 to £2.94mln, while the value of its current assets including cryptocurrencies and tokens rose to £1.2mln from £0.95mln.
Cash at the period end stood at £1.87mln after two funding rounds. The firm was also admitted to the Apex Segment of the AQSE Growth Market, a segment intended for larger, more established businesses on the exchange.
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