CoinShares moves from Stockholm to Nasdaq via $1.2B SPAC, lands $50M PIPE to fuel U.S. expansion

CoinShares began trading on the Nasdaq Stock Market under the ticker CSHR after completing a business combination with Vine Hill Capital Investment Corp., completing its move from Nasdaq Stockholm to Wall Street; the deal closed late Tuesday, CNBC confirmed ^{[1] [2]}.

The transaction values CoinShares at $1.2 billion pre-money and included a $50 million PIPE from Alyeska Master Fund, which acquired five million shares at $10; Vine Hill had raised $220 million in its 2024 IPO ^{[1] [3]}.

The listing is among several recent crypto firm public listings and follows moves by BitGo, Circle, Bullish and Gemini, positioning CoinShares for U.S. expansion as institutional players consolidate market share ^{[2] [4]}.

CoinShares now trades as CSHR on Nasdaq, marking a transatlantic listing driven by a $1.2 billion SPAC deal and a $50 million PIPE ^{[1] [3]}.