Coinshares unveils loss of over $21 million in Q2 report of 2022

The de-pegging of TerraUSD and the subsequent bankruptcy of the company led to losses for the digital asset management company, CoinShares, which were recorded in the second quarter. These losses totaled more than $21 million.EBITDA, which stands for adjusted profits before interest, taxes, depreciation, and amortisation, is a common indicator of a firm’s financial performance. This particular company had a negative EBITDA of £8.2 million, which is a little more than $10 million.