CoinShares Completes Acquisition of Bastion Asset Management
CoinShares (CSHR) has completed the acquisition of Bastion Asset Management, which will operate as CoinShares Alternatives within the Group’s platform.
Rhea-AI Summary
CoinShares (CSHR) has completed the acquisition of Bastion Asset Management, which will operate as CoinShares Alternatives within the Group’s platform.
The Bastion business continues under its former leaders: Philip Scott becomes Head of Alternatives and Fred Desobry becomes Head of Systematic Investment Strategies at CoinShares. The transaction combines Bastion’s systematic investment capabilities and institutional client base with CoinShares’ investment, trading and operational infrastructure. CoinShares states that this materially broadens its offering, enabling both passive and actively managed digital asset strategies across listed products, funds and managed accounts on a single institutional platform.
Positive
- Completed acquisition of Bastion Asset Management, forming CoinShares Alternatives
- Retention of Bastion leadership as Head of Alternatives and Head of Systematic Investment Strategies
- Broadened digital asset platform to include both passive and actively managed strategies
- Expanded access channels across listed products, funds and managed accounts
- Acquisition adds Bastion’s systematic investment process and institutional client base to CoinShares
Negative
- None.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Aug 24 | Extraordinary meeting notice | Positive | +2.8% | Shareholder authorities included buyback approval and equity incentive plan adoption. |
| Aug 18 | ETF strategy rename | Positive | -5.1% | WGMI broadened its investment scope to bitcoin mining and digital power companies. |
| Aug 06 | Hybrid finance research | Positive | -0.4% | Tokenised real-world asset deposits increased while decentralised finance deposits declined. |
| Jul 30 | Reporting cadence update | Positive | +6.2% | CoinShares committed to quarterly results and sought share repurchase authority. |
| Jul 27 | Conference participation notice | Neutral | +0.7% | The CEO scheduled participation in a Canaccord Genuity investor conference. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent reactions were mixed, with positive or neutral announcements followed by both gains and declines.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Bastion's team and strategies join CoinShares as the Company's Active Alternative Strategies business
JERSEY, Channel Islands — Wednesday September 2nd 2026 — CoinShares PLC (Nasdaq: CSHR) ("CoinShares" or the "Company"), a leading global asset manager specialising in digital assets, today announced that it has completed the acquisition of Bastion Asset Management Limited ("Bastion").
The business now operates as CoinShares Alternatives and continues to be led by the two executives who ran it at Bastion: Philip Scott, formerly Bastion's Chief Executive Officer, joins CoinShares as Head of Alternatives, and Fred Desobry, formerly Bastion's Chief Investment Officer, as Head of Systematic Investment Strategies.
The completion brings together Bastion’s systematic investment capabilities and established institutional client base with CoinShares’ broader investment, trading and operational infrastructure, providing a platform from which to expand the Alternatives business across strategies, clients and assets under management.
Jean-Marie Mognetti, Co-Founder, President and Chief Executive Officer of CoinShares, said:
“The completion of the Bastion acquisition is an important step in the continued development of CoinShares’ investment platform. Bastion brings an experienced team, a differentiated systematic investment process and an established strategy with a strong track record and institutional investor base. By combining these capabilities with CoinShares’ infrastructure, market access and global distribution, we believe we have a strong platform from which to scale our Alternatives business and capture the growing institutional demand for differentiated sources of return within digital assets.”
The acquisition materially broadens CoinShares’ investment offering. The Group can now provide investors with access to digital assets through both passive and actively managed strategies, spanning listed products, funds and managed accounts, within a single institutional platform.
About CoinShares
CoinShares is a leading global asset manager specialising in digital assets, that delivers a broad range of financial services across investment management, trading and securities to a wide array of clients that includes corporations, financial institutions and individuals. Focusing on crypto since 2013, the firm is headquartered in Jersey, with offices in France, Sweden, Switzerland, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, and in the US by the Securities and Exchange Commission, National Futures Association and Financial Industry Regulatory Authority. CoinShares is publicly listed on the Nasdaq under the ticker CSHR.
Company | +44 (0)1534 513 100 | enquiries@coinshares.com
Investor Relations | +44 (0)1534 513 100 | corporateir@coinshares.com
Press Contact
CoinShares
Benoît Pellevoizin
M Group Strategic Communications
Peter Padovano
