By Dean Seal

CoinShares has agreed to go public by merging with the special purpose acquisition company Vine Hill Capital Investment.

The maker of financial products that gives investors exposure to crypto assets said Monday morning that the business combination gives it a pre-money equity value of $1.2 billion.

The deal positions CoinShares as one of the biggest publicly traded digital asset managers in the world, the European firm said, adding that it would use the transaction to fuel more international expansion.

"This transaction represents far more than a change of listing venue from Sweden to the United States," Chief Executive Jean-Marie Mognetti said. "It signals a strategic transition for CoinShares, accelerating our ambition for global leadership, supported by favorable regulatory tailwinds."

Under the terms of the deal, CoinShares and Vine Hill investors will trade their shares for stock in a newly formed entity called Odysseus Holdings, which will ultimately replace Vine Hill as the company listed on the Nasdaq.

The go-public transaction is expected to be completed in December.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

September 08, 2025 10:59 ET (14:59 GMT)

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