
CoinShares completes Bastion Asset Management acquisition
CoinShares (NASDAQ:CSHR) completed its acquisition of Bastion Asset Management, which will operate as CoinShares Alternatives within the company’s investment platform.
CoinShares said fears that quantum computing could soon threaten bitcoin are overstated, arguing that only about 10,230 BTC sit in wallets realistically worth attacking.
Digital asset manager CoinShares said only a small fraction of bitcoin is realistically exposed to quantum computing risks, estimating just $719 million worth could be vulnerable.
CoinShares has begun trading on Nasdaq under the ticker CSHR following the completion of a $1.2 billion SPAC merger with Vine Hill Capital Investment Corp.
CoinShares reported that 52% of UK financial advisers cannot see most of their clients' cryptocurrency holdings.