en Hamburg, 7 August, 2023 - coinIX managing directors were interviewed by Börsen Radio in July. 2022 was a challenging year for crypto assets: The economic conditions were demanding. Investors were unsettled by numerous insolvencies in the crypto sector. This in turn led to a massive devaluation of many cryptocurrencies. Many spoke of a crypto winter. CoinIX invests in the field of crypto assets: In cryptocurrencies themselves, in tokens, and in crypto companies.
CFO Felix Krekel: "In a year, for example, when Bitcoin lost around $30,000 at its peak (from $47,000 to $17,000, editor's note), it's clear that things aren't going smoothly for us either. However, our investments are long-term oriented, and significant price fluctuations are not unusual."
Revenues from sales amounting to 575 thousand euros are offset by write-downs of 667 thousand euros. At the bottom line, there is a loss of 1.3 million euros. Is the crypto winter over? CEO Gero Wendeborn: "Some may indeed want to declare summer in their swimsuits already. We see it more objectively. The first snowdrops are emerging."
The full interview is accessible here.
About coinIX
coinIX GmbH & Co KGaA, based in Hamburg, is a listed investment company and has been investing in the broad spectrum of blockchain innovation since 2017. This includes the next level of digitalization in traditional industries, as well as new fields such as Decentralized Finance (DeFi) or NFT/Metaverse projects. For this purpose, coinIX invests in equity of startups, early token projects and liquid cryptocurrencies. It offers a listed share that is traded on the open market of the Düsseldorf Stock Exchange (WKN: A2LQ1G | ISIN: DE000A2LQ1G5 | Ticker: XCX).