您现在的位置是:CoinShares CEO says UST's failure cost the firm $21M >>正文
CoinShares CEO says UST's failure cost the firm $21M
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛3人已围观
简介DeFi exposure related to Terra’s stablecoin UST saw CoinShares, Europe’s largest digital...
DeFi exposure related to Terra’s stablecoin UST saw CoinShares, Europe’s largest digital asset firm with billions of assets under management, lose more than $21 million, the firm’s CEO Jean-Marie Mognetti revealed on Tuesday.
The CoinShares chief’s comment on the loss was part of his investor relations message to the company’s clients published in the 2021 Financial Annual Report.
While the loss will be reflected in the company’s Q2 earnings report, Mognetti said he would wait until then or the earnings call scheduled for August to give an update.
CoinShares had no direct exposure to UST
According to the CoinShares co-founder, although the firm’s trading activities mean it was not directly exposed to LUNA’s price collapse, it is active in the DeFi space. Thus, when the implosion occurred, it had been exposed to UST via a book it was running.
“Following the events of the last few weeks, we have booked an exceptional loss from our DeFi activities of £17m on liquidating our holding in UST,” he explained.
That’s about $21.4 million lost, but the CoinShares CEO is upbeat that it won’t impact its activities going forward.
“While this obviously impacts on the Group’s performance for Q2, this loss has not had any impact on any of our additional Capital Markets activities, nor does it in any way impact upon the hedging and collateralisation of any of the Groups ETPs.”
It’s a ‘battle scar’
Despite the loss, CoinShares looks at it (LUNA’s collapse and the loss) as a humbling experience and “battle scar” that team has learnt from and won’t forget.
The events also gives them the morale focus on providing “the premier investment technology for the digital asset sector.”
Mognetti also says that the company had an “exceptional” 2021, with fiscal year income up more than 500% year-on-year to over £113 million ($142.4 million). However, shareholders might not see the value due to the global macro environment and the company stock’s lack of liquidity.
Terra’s collapse has resulted in the creation of a forked chain LUNA 2.0. The old chain is called Luna Classic (LUNC).
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/3318.html
相关文章
Buy Arweave, which gained 12% in a week: here’s where
CoinShares CEO says UST's failure cost the firm $21MAgainst the background of a generally bearish market, Arweave is one of the top gainers of the week....
阅读更多
Terra (LUNA) aims to smash past $100 in the coming days
CoinShares CEO says UST's failure cost the firm $21MWe have seen some decent positive momentum forTerra (LUNA)over the last three trading sessions. The...
阅读更多
Shiba Inu unveils Metaverse, Dogecoin founder slams it
CoinShares CEO says UST's failure cost the firm $21MShiba Inu has unveiled its all-new metaverse program the ‘SHIB: The Metaverse’ which is...
阅读更多
热门文章
- LG unveils wireless transparent OLED TV, agent bot
- Terra (LUNA) price jumps 14% after $1 billion VC funding
- BMW and Figure to bring humanoid robots to car manufacturing
- ALPINE going through the roof today: where to buy ALPINE
- GE Vernova, IHI reveal plan for 100% ammonia gas turbine
- Ethereum founder Vitalik Buterin wears Shiba Inu pyjamas to conference