Shares of CoinShares declined after the company swung to a loss for the first half of the year, citing a slide in digital asset prices.

The stock fell 11% to $4.75 in premarket trading on Monday. As of Friday's market close, shares were down 50% year to date.

The digital asset manager reported a net loss of $23.9 million for the six months ending June 30, compared with a profit of $77.6 million in the year-ago period.

Revenue for the first half was $51.4 million, down from $80 million in the prior-year period.

The company pointed to tough conditions across the digital asset space.

"The first half of 2026 was one of the most difficult digital asset markets in recent years, with bitcoin declining by approximately one-third between January and June," Chief Executive Jean-Marie Mognetti said.

However, the company said the sharp fall in digital asset prices, rather than net redemptions, drove the decline in its assets under management, showing the resilience of its core European business in a difficult market.

Looking ahead, digital asset markets have started to recover since the end of the first half of the year, the company said.