CoinIX Reports Significant Profit Increase in 2024

Hamburg-based coinIX GmbH & Co. KGaA, an investment company focused on digital assets and blockchain technology, concluded 2024 with a profitable outcome. Preliminary figures indicate a pre-tax profit of EUR 540 thousand, up from EUR 124 thousand in the previous year. The net profit rose to EUR 178 thousand, compared to EUR 38 thousand in 2023. Revenue from capital gains and staking reached EUR 3.1 million, more than doubling from the previous year's EUR 1.3 million.

Operating expenses increased to EUR 1.1 million, while depreciation on existing positions rose to EUR 1.4 million. Notably, the company realized hidden reserves, particularly from crypto positions, contributing to the positive results. As of December 31, 2024, a difference of over EUR 9.5 million remained between the book and market values of assets, highlighting significant portfolio value growth.