Business
CoinShares records loss of $21.7M due to Terra collapse
CoinShares posted its interim Q2 2022 results. Compared to the prior year’s quarter, the firm’s revenue declined from 19.6 million pounds to 14.2 million pounds. At the same time, its net income fell from 26.6 million pounds in Q1 2021 to 0.1 million pounds. The losses were mainly tied to its exposure to the Terra now called Terra Classic ecosystem, which collapsed in May of this year
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