DJ Coinsilium Group Limited: Result of AGM and Chairman's Statement
Coinsilium Group Limited (COIN)
Coinsilium Group Limited: Result of AGM and Chairman's Statement
12-Dec-2024 / 10:03 GMT/BST
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COINSILIUM GROUP LIMITED
("Coinsilium" or the "Company")
Coinsilium Group Limited: Result of AGM and Chairman's Statement
Gibraltar, 12 December 2024 - Coinsilium Group Limited (AQSE: COIN) (OTCQB: CINGF), the Web3 investor, advisor and
venture builder hereby announces that at the Annual General Meeting (the "AGM") of the Company held at 9:30am today all
resolutions were duly passed.
AGM Chairman's Statement
Dear Shareholders,
It is a pleasure to address you at this year's AGM and to share our reflections on the considerable progress Coinsilium
has made over the past year, placing us in a strong position as we look ahead to an exciting and promising 2025.
Since the start of 2024, Bitcoin's price has surged approximately 135%, driven by ETF tailwinds and increasing
institutional interest. The subsequent months saw a period of consolidation, as leverage was flushed from the system
and additional sell pressure emerged, including sales from the German government and the unwinding of the Yen carry
trade in August. Despite these headwinds, inflows into US-listed Bitcoin ETFs remained strong, paving the way for
renewed price action in November, underpinned by the shifting political landscape in the United States. This positive
momentum has pushed the price of Bitcoin to over USD100,000 and the total cryptocurrency market capitalization beyond
USD3.75 trillion, marking the early stages of a strengthening bull market with further room for growth as adoption
accelerates and investor participation deepens.
This positive backdrop bodes exceptionally well for Coinsilium as a Web3-focused investor, advisor, and venture
builder, providing a clear signal that the digital asset space is entering a new phase of growth. As Web3 adoption
gathers pace and decentralized technologies reshape traditional systems, Coinsilium is exceptionally well-placed to
leverage these favorable conditions through our strategic investments, targeted advisory mandates, and
revenue-generating activities.
We believe 2025 will be a defining year to "make hay while the sun shines", seizing the confluence of improving market
sentiment, growing institutional engagement, and accelerating innovation across the digital asset landscape. By
maintaining our focus on innovation, disciplined investments, and sustainable revenue streams, Coinsilium is
well-positioned to deliver value for shareholders during this transformative period. In doing so, we continue to
reinforce our leadership role within the industry while also acting as a conduit for investors seeking considered
exposure to the rapidly evolving digital asset space, leveraging our expertise, experience, and proven ability to
identify and support promising opportunities at an early stage.
Looking ahead, we are pleased to inform shareholders that we will be providing a comprehensive business update before
the end of the year. This update will offer further detail and guidance on developments within the business, as well as
progress across our investment and advisory portfolios. We encourage shareholders to look out for this update, which
will provide greater insight into the opportunities we are pursuing and our plans for continued growth in 2025 and
beyond.
Finally, on behalf of the Board of Coinsilium, I would like to extend our sincere gratitude to our shareholders for
your ongoing trust, support, and confidence in the Company. I would also like to take this opportunity to thank our
exceptional team for their hard work, dedication, and commitment to our shared vision. Wishing you all a joyful holiday
season and a happy, healthy, and prosperous New Year.
Yours sincerely,
Malcolm Palle
Chairman
The Directors of Coinsilium Group Limited take responsibility for this announcement.
Coinsilium Group Limited +350 2000 8223
Malcolm Palle, Executive Chairman +44 (0) 7785 381 089
Eddy Travia, Chief Executive www.coinsilium.com
Peterhouse Capital Limited
+44 (0) 207 469 0930
(AQUIS Growth Market Corporate Adviser and Corporate Broker)
SI Capital Limited (Joint Broker)
Nick Emerson +44 (0) 1483 413 500
Oberon Capital (Joint Broker)
Nick Lovering, Adam Pollock +44 203 179 5300
Notes to Editor
About Coinsilium
Coinsilium is an advisor, venture builder and investor at the forefront of Web3 convergence. The Company invests in and accelerates Web3 and AI powered technology start-ups whilst supporting their development and commercialisation.
Coinsilium also provides strategic advisory services to start-ups looking to issue tokens through token generation events.
Coinsilium's wholly owned subsidiary Coinsilium (Gibraltar) Limited is the Company's operational hub in Gibraltar. Coinsilium shares are traded on the Aquis Growth Market in London, under the ticker symbol "COIN", and on the OTCQB Venture Market in the United States under the ticker symbol "CINGF".
For more information, visit: https://www.coinsilium.com/
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ISIN: VGG225641015 Category Code: MSCM TIDM: COIN Sequence No.: 364878 EQS News ID: 2050109 End of Announcement EQS News Service =------------------------------------------------------------------------------------
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(END) Dow Jones Newswires
December 12, 2024 05:04 ET (10:04 GMT)