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NFT and crypto boom drives Coinsilium profits higher _ Proactive Invetsors

Coinsilium PLC saw its interim profits soar as its portfolio of blockchain, DeFi and cryptofinance start-ups jumped in value alongside a surge of investor interest in cryptocurrencies and NFTs (non-fungible tokens).

Profits in the six months ended June 2021 jumped to £326,000 (2020: £27,000) as the value of its financial assets leapt by almost £800,000 to £2.94mln, while the value of its current assets including cryptocurrencies and tokens rose to £1.2mln from £0.95mln.

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