CoinShares International Limited (OM:CS) acquired 20.8% stake in Flowbank SA for CHF 24.74 million on March 14, 2022. Following the investment, Jean-Marie Mognetti, Chief Executive Officer of CoinShares, will join FlowBank's board of directors to advise on FlowBank's digital asset strategy and international development. Swiss Financial Market Supervisory Authority approved the transaction. Following the CoinShares's October 2021 strategic investment of a 9.02% stake in FlowBank, today's disclosure brings CoinShares overall holding to 29.3%, with voting rights equal to 32.06%.

CoinShares International Limited (OM:CS) completed the acquisition of 20.8% stake in Flowbank SA on March 14, 2022.