Coinshares International Ltd – Recent Corporate and Financial Developments
Coinshares International Ltd (Nasdaq Stockholm: CS; US OTCQX: CNSRF) announced a series of corporate actions and financial updates on 18 February 2026.
Joint Merger Plan with Vine Hill Capital Investment Corp
On 8 September 2025, Coinshares disclosed a joint merger plan with Vine Hill Capital Investment Corp (Nasdaq: VCIC). The merger was intended to facilitate a change of the company’s trading venue from the Swedish Stock Exchange to a United States exchange. The plan was formally communicated to shareholders through a Scheme Circular published on 18 February 2026. The circular sets out the terms of the merger, including the exchange ratio and the proposed capital structure post‑merger.
Shareholder Meetings
Coinshares scheduled two meetings in connection with the merger:
- Notice of Jersey Court Meeting – Coinshares will hold a meeting of the Jersey court on 19 March 2026.
- Notice of Scheme General Meeting – Coinshares also announced a general meeting of shareholders to consider the merger scheme on the same date, 19 March 2026.
Shareholders are invited to review the Scheme Circular and related documents prior to the meeting to understand the implications of the merger.
Dividend Proposal
In a fourth‑quarter 2025 update released 17 February 2026, Coinshares proposed a dividend of US $0.33 per share for the 2025 financial year. The dividend is based on the company’s earnings and cash flow performance for the year and is intended to return value to shareholders while maintaining sufficient capital for future growth in digital asset management.
Financial Performance – Q4 2025
Coinshares reported that its total assets under management (AuM) decreased by US $2.2 billion during Q4 2025, reflecting broader market softness in digital assets. Despite the decline, the company’s operating metrics remained in line with sector trends. The company highlighted its diversified product offering and global customer base as key drivers of resilience.
Market Position
- Close price (16 Feb 2026): SEK 77.10
- 52‑week high: SEK 168.40 (30 Oct 2025)
- 52‑week low: SEK 61.00 (10 Mar 2025)
- Market capitalization: SEK 4 970 000 000
- Price‑earnings ratio: 5.14
These figures illustrate the company’s valuation relative to earnings and its price volatility over the past year.
Outlook
The proposed merger with Vine Hill is expected to provide access to U.S. capital markets and broaden Coinshares’ shareholder base. The upcoming shareholder meetings will determine whether the merger scheme is approved. The dividend proposal reflects the company’s commitment to returning capital to investors while maintaining a strong balance sheet for continued investment in digital asset strategies.
