Crypto Company Sets Sail for America On $1.2 Billion SPAC-What Could Go Wrong?

In what can only be described as an epic quest for larger piles of gold and possibly better coffee, CoinShares has boldly declared its intention to take a refreshing dip into the unpredictable waters of U.S. finance-and they’ve chosen the mighty vessel of SPAC Vine Hill Capital to paddle them across. Let’s not forget Odysseus Holdings, whose name suggests a long voyage fraught with accountants and perhaps the occasional metaphorical sea monster. 🧑‍💼⛵

Apparently, someone crunched the numbers (or at least shook the digital piggy bank) and decided CoinShares is worth $1.2 billion-a sum that would make even the patricians of Ankh-Morpork pause mid-bribe. Meanwhile, shareholders can clutch up to 91.6% of the newly-forged corporate golem, which is almost as much as having your cake and eating it, if your cake is made of shares and ambition.

To spice up this financial odyssey, a $50 million private placement has been thrown in, presumably for those investors who want to brag that they got in before it was cool (which, in crypto terms, is probably five minutes ago).

The port to America is expected to be reached by December 2025, unless bureaucracy or eldritch market forces intervene-so keep your sandals on and your spreadsheets at the ready, because the quest for U.S. dollars and institutional investors doesn’t wait for mere mortals. 🦑📈🍺

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2025-09-08 16:15