CoinShares BoD approves $40M share repurchase program

CoinShares PLC (NASDAQ:CSHR) announced that its Board of Directors has approved a program to repurchase up to $40 million of the Company’s ordinary shares, pursuant to the shareholder authority granted at the 15th of September 2026 Extraordinary General Meeting.

The program will remain authorised until the Company’s next Annual General Meeting, expected in Q2 2027.

The program will be funded from existing digital asset treasury resources. In preparation, CoinShares sold its corporate treasury holding of Ethereum (16.6 million) and 50% of its corporate treasury holding of Solana (2.7 million) earlier this month, reallocating that capital towards share repurchases.

The Board believes that, given current valuation levels, with the Company’s 26Q3 AUM in line with 25Q4 level, repurchasing CoinShares shares represents a more attractive use of this capital than retaining the corresponding digital asset holdings. The program reflects confidence in the Company’s earnings potential and is intended to enhance long-term shareholder value, while preserving sufficient liquidity to fund operations and pursue its growth strategy.

Repurchases will be conducted in the open market, considering applicable blackout periods, via independent brokers, in accordance with applicable law and the conditions of the SEC’s Rule 10b-18 safe harbor, and may be effected through trading plans established under Rule 10b5-1.

The timing and amount of repurchases will depend on market conditions and other relevant factors. The program does not oblige the Company to repurchase any minimum amount and may be suspended or discontinued at any time.