CoinShares swaps Sweden for U.S. market in SPAC deal with Vine Hill Capital

CoinShares is heading to the ￰0￱ markets in a $1.2 billion ￰1￱ crypto asset manager confirmed it has signed a merger agreement with Vine Hill Capital, a blank-check company created specifically to take private firms ￰2￱ this deal wraps, CoinShares will stop trading on Nasdaq Stockholm, where it currently lists its ￰3￱ company plans to file for delisting as soon as the merger goes ￰4￱ manages around $10 billion in crypto-related assets, mostly through its exchange-traded ￰5￱ decision to move to a ￰6￱ puts it in line with other digital asset firms looking for better visibility, looser restrictions, and deeper capital markets. It’s part of a broader push driven by regulatory changes under the Trump administration, which has been friendlier toward ￰7￱ NEWS: CoinShares → NASDAQ US We're going public in the ￰8￱ business combination with Vine Hill ($VCIC). $1.2B pre-money ￰9￱ to be one of the largest publicly traded digital asset managers ￰10￱ subject to customary closing conditions &… ￰11￱ — CoinShares (@CoinSharesCo) September 8, 2025 CoinShares secures merger approval and sets fourth-quarter closing Both boards, CoinShares and Vine Hill, already approved the ￰12￱ according to CoinShares, 85% of its shareholders are also on ￰13￱ the transaction is done, the new entity will be called Odysseus Holdings Limited, or simply “Holdco.” An unnamed institutional backer is anchoring the deal by committing $50 million in common ￰14￱ whole thing is expected to close by the end of Q4 this year, pending final shareholder and regulatory approvals.

Jean-Marie Mognetti, CEO and co-founder of CoinShares, said, “A ￰15￱ will reinforce our credibility, expand our reach, and position us to capture the opportunity in the world’s largest asset management market, home to over half of global assets under management.” He added that the shift “signals a strategic transition for CoinShares, accelerating our ambition for global leadership, supported by favorable regulatory tailwinds.” Other firms in crypto have taken a similar path this ￰16￱ Internet Group, which issues stablecoins, and Bullish, a digital asset exchange, have already made their ￰17￱ ￰18￱ CoinShares, some used SPACs while others went the direct listing ￰19￱ crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites