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Company

Odysseus Holdings Ltd

Ticker
CS
Sector
Industry
Report date
March 31, 2026
Valye AI Score

84

Very high visibility
Recent developments
Recent developments summary

Recent news coverage includes general market and sector-related developments but does not provide direct updates on Odysseus Holdings Ltd or CoinShares.

Recent developments:
  • Recent news articles focus on broader market themes such as dividend stocks, commodity prices, and geopolitical developments, without specific mention of Odysseus Holdings Ltd or CoinShares [N1][N2][N3][N4][N5][N6][N7][N8].
  • No direct business updates or financial disclosures about Odysseus Holdings Ltd or CoinShares were found in recent news sources [N1][N2][N3][N4][N5][N6][N7][N8].
Overview

Odysseus Holdings Ltd, incorporated in August 2025 in Jersey, Channel Islands, is a holding company that owns CoinShares International Limited and its subsidiaries. CoinShares International Limited operates as a leading digital asset investment business. The company completed a business combination that resulted in all business activities being conducted through CoinShares International Limited. The company’s shares were previously listed on the Nasdaq First North Growth Market in Stockholm. The company’s principal offices are in Jersey, with a U.S. agent for service of process in New York. Financially, as of June 30, 2025, the company had cash and cash equivalents of $60.2 million, total indebtedness of $29.9 million, and total equity of $394.3 million, resulting in total capitalization of $424.1 million on a pro forma combined basis. The company’s financial statements have been audited by recognized accounting firms. Risk factors are disclosed in the Proxy Statement/Prospectus incorporated by reference [S1].

Executive summary

Financial figures (if any) are summarized from the latest available SEC filings and are provided for informational purposes only — not financial advice. Odysseus Holdings Ltd, now CoinShares PLC, is a Jersey-based holding company conducting its business through CoinShares International Limited, a digital asset investment business. The company completed a business combination in 2025 and holds equity interests in its subsidiaries. As of mid-2025, the company had approximately $60 million in cash and $30 million in debt, with total capitalization around $424 million. Detailed operational and financial data are limited in public disclosures [S1].

Scenarios for CS

Bull case model:

The company’s business is conducted through CoinShares International Limited, which is described as a leading digital asset investment business. The digital asset sector has attracted significant investor interest and growth potential. The company’s capitalization and cash position as of mid-2025 provide a financial base for operations. The business combination completed recently may enable strategic growth and expansion opportunities within the digital asset investment space [S1].

Bear case model:

The company is newly incorporated with limited operational history under the current structure, and detailed financial and operational data are not publicly disclosed. The digital asset investment sector is subject to regulatory, market, and technological risks. The company’s accumulated deficit and indebtedness as of June 2025 indicate financial challenges. The lack of detailed disclosures and reliance on a subsidiary for business operations may limit transparency and increase execution risks [S1].

Moat:

The company’s moat is linked to its position as a holding company for CoinShares International Limited, a leading digital asset investment business. The digital asset investment sector is competitive and rapidly evolving, with barriers to entry including regulatory compliance, technology infrastructure, and market reputation. The company’s established presence in Jersey and prior listing on a recognized exchange may provide some structural advantages. However, detailed competitive advantages or proprietary assets are not disclosed in the available filings [S1].

Risks overview
Risks summary
Regulatory and market volatility risks in the digital asset investment sector combined with the company’s financial indebtedness and operational dependence on its subsidiary represent the primary risks.
Risks details:

• Regulatory Risks: The digital asset investment business is subject to evolving and potentially stringent regulations that could impact operations and profitability.
• Market Volatility: Digital asset markets are highly volatile, which may affect the company’s investment performance and financial results.
• Operational Dependence: The company conducts all business through its subsidiary CoinShares International Limited, creating dependency on its operational success and management.
• Financial Risks: The company had an accumulated deficit and significant indebtedness as of June 2025, which may affect financial stability and access to capital.

FINAL FORECAST FOR CS

Final take one line
Odysseus Holdings Ltd operates as a holding company for CoinShares International Limited, a digital asset investment business with limited public financial disclosure and moderate visibility.
Final take 12 to 24 month view

Business trends: The company is positioned in the digital asset investment sector through its subsidiary, a sector characterized by rapid evolution and regulatory scrutiny.
Execution milestones: Completion of a business combination in 2025 established the current corporate structure; ongoing integration and operational execution through CoinShares International Limited are key.
Key risks: Regulatory changes, market volatility in digital assets, financial indebtedness, and operational dependence on the subsidiary represent primary risks.

Valye AI Visibility Research Score

Very high visibility

Visibility score reflects the breadth and consistency of available disclosure across SEC filings, recent public reporting, and baseline business context (research-only; not investment advice).

84
LLM visibility overview
LLM Visibility known facts
  • Odysseus Holdings Ltd, now known as CoinShares PLC, is incorporated under the laws of Jersey, Channel Islands as of August 29, 2025 [S1].
  • The company owns no material assets other than its equity interests in wholly owned subsidiaries, including CoinShares International Limited [S1].
  • CoinShares International Limited is a leading digital asset investment business incorporated in Jersey, Channel Islands [S1].
  • Prior to the business combination, CoinShares International Limited's ordinary shares were listed and traded on the Nasdaq First North Growth Market in Stockholm, Sweden [S1].
  • The company’s registered office and principal executive offices are located at 2 Hill Street, St. Helier, Jersey [S1].
  • The company’s agent for service of process in the United States is located at 437 Madison Avenue, 28th Floor, New York, NY [S1].
  • The company completed a business combination and conducts all business through CoinShares International Limited and its subsidiaries [S1].
  • As of June 30, 2025, the company had cash and cash equivalents of $60.2 million, total indebtedness of $29.9 million (including non-current lease liabilities and loans), and total equity of $394.3 million, resulting in total capitalization of $424.1 million on a pro forma combined basis [S1].
  • The company’s financial statements have been audited by independent registered public accounting firms, including BDO LLP for CoinShares International Limited [S1].
  • Risk factors related to the company and CoinShares are described in the Proxy Statement/Prospectus incorporated by reference in the SEC filing [S1].
  • Recent news coverage does not provide direct information about Odysseus Holdings Ltd or CoinShares but includes general market and sector-related news [N1][N2][N3][N4][N5][N6][N7][N8].
Sources
Sources - Context summary

Generated 2026-04-01

Sources - Earning calls
Sources - Other context
Sources - SEC Filings
  • S1 | 2026-03-31 | 20-F
Sources - News headlines
  • N1 | 2026-04-01 | www.nasdaq.com | 2 Magnificent S&P 500 Dividend Stocks Down as Much as 55% to Buy and Hold Forever | https://www.nasdaq.com/articles/2-magnificent-sp-500-dividend-stocks-down-much-55-buy-and-hold-forever
  • N2 | 2026-04-01 | www.nasdaq.com | Wheat Closes with Report Day Gains as Acres Seen Lower than Expected | https://www.nasdaq.com/articles/wheat-closes-report-day-gains-acres-seen-lower-expected
  • N3 | 2026-04-01 | www.nasdaq.com | Mountain Province Diamonds Inc. Q4 Loss Rises | https://www.nasdaq.com/articles/mountain-province-diamonds-inc-q4-loss-rises
  • N4 | 2026-04-01 | www.nasdaq.com | Trinity Place Holdings Inc Loss At -$0.34 Mln In Q4 | https://www.nasdaq.com/articles/trinity-place-holdings-inc-loss-034-mln-q4
  • N5 | 2026-04-01 | www.nasdaq.com | Indian Shares Set To Soar On Signs Of Iran War End | https://www.nasdaq.com/articles/indian-shares-set-soar-signs-iran-war-end
  • N6 | 2026-04-01 | www.nasdaq.com | Up 25% for the Year, Is Circle Stock About to Skyrocket Higher? | https://www.nasdaq.com/articles/25-year-circle-stock-about-skyrocket-higher
  • N7 | 2026-04-01 | www.nasdaq.com | Stocks Surge on Signs the US and Iran Seek to End War | https://www.nasdaq.com/articles/stocks-surge-signs-us-and-iran-seek-end-war
  • N8 | 2026-04-01 | www.nasdaq.com | 3 Reasons the Iran War Could Send This Overlooked Energy Stock Soaring | https://www.nasdaq.com/articles/3-reasons-iran-war-could-send-overlooked-energy-stock-soaring
Important legal disclaimer

This material is for informational purposes only and does not constitute investment, financial, legal or tax advice, or an offer or solicitation to buy or sell any security. The Valye AI Score is a model-based estimate derived from public information and is subject to change without notice. No representation or warranty, express or implied, is made as to the accuracy, completeness or fairness of the information herein. Past performance is not indicative of future results. Investors should conduct their own research and consult a qualified financial adviser before making any investment decisions.

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