en Hamburg, April 3, 2024: coinIX, a leading venture capital firm specializing in cryptocurrency investments and blockchain ventures, is proud to unveil its audited annual financial report for the fiscal year 2023. Bolstered by a substantial increase in revenues totaling 1.3 million EUR from both price appreciation and ongoing staking activities with cryptocurrencies, coinIX achieved a commendable annual surplus.
Moreover, the company has strategically reclassified its liquid cryptocurrency assets from long-term investments to current assets. These financial statements are now available for download on the company’s website at www.coinix.capital/aktie/.
In a strategic move at the end of March 2024, coinIX capitalized on the favorable market conditions in the cryptocurrency sphere, resulting in the realization of hidden reserves on its liquid cryptocurrency holdings, yielding approximately 5.1 million EUR in gains during the first quarter of 2024. With a promising market forecast for the entirety of 2024, management anticipates a significantly positive annual surplus.
Furthermore, coinIX GmbH & Co. KGaA has strategically transferred a portion of its holdings in liquid cryptocurrencies, valued at over 8 million EUR, to a specialized fund. Importantly, these transferred assets remain integral to coinIX GmbH & Co. KGaA’s portfolio, ensuring stability and continuity.
The management of the specialized fund will continue to be overseen by the seasoned team at coinIX Capital GmbH, acting as a registered capital management company. The new fund will have the flexibility to invest up to 100% of its capital in cryptocurrencies, maintaining an actively managed and diversified portfolio.
Importantly, the fund will explore avenues for generating ongoing revenue, such as through staking activities. The management fee of the specialized fund will be seamlessly integrated into the management fee structure, while additional monetary participation from coinIX GmbH & Co. KGaA in the fund’s growth is anticipated, providing shareholders with added value.
This strategic initiative also presents an exciting opportunity for external investors to engage in co-investments through the subscription of shares in the newly established “coinIX COINVEST SCI1” fund. Participation in the fund is limited to professional or semi-professional investors, with a minimum investment threshold of EUR 50,000 for professional investors.
Commenting on the transaction, Moritz Schildt, CEO of coinIX, remarked, “Cryptocurrency investments have been instrumental to coinIX’s success since its inception, and the decision to establish a specialized fund underscores our commitment to unlocking the potential of this asset class.”
About coinIX GmbH & Co KGaA:
coinIX GmbH & Co. KGaA, headquartered in Hamburg, was founded in 2017 as a venture capital firm specializing in blockchain technology and cryptocurrencies. With a team of seasoned professionals boasting extensive experience in asset management, venture capital, and technological analysis, the company is actively involved in various cryptocurrency and blockchain projects, including investments in blockchain startups. Its shares are listed on the Düsseldorf stock exchange and traded on the Berlin and Munich stock exchanges.
About coinIX COINVEST SCI1:
coinIX COINVEST SCI1 is an open domestic special alternative investment fund (AIF) under the German Investment Code (KAGB). Managed by coinIX Capital GmbH, a registered capital management company, the fund offers professional and semi-professional investors the opportunity to invest in a diversified portfolio of digital assets, with the potential for ongoing revenue generation through staking and other blockchain-native activities. With the ISIN DE000A408Q55, the fund is accessible only through direct subscription with the investment company, and participation is restricted to professional and semi-professional investors
Click Here: German Annual Financial Report