Coinsilium Group (LSE:COIN), the Aquis-quoted digital asset venture builder, reported a loss of £3.06 million for the six months ended 30 June, against a restated £0.60 million loss in the same period last year.
The swing was driven largely by a reduction in the value of the Group's Bitcoin reserves over the period.
Digital assets stood at approximately £10 million at period end, split between £8.1 million in Bitcoin and £1.9 million in YELLOW tokens.
The net unrealised loss of £2.13 million combined a £3.8 million markdown on Bitcoin holdings with a £1.7 million gain on YELLOW tokens, alongside £0.18 million of fair value losses on financial investments.
Cash and cash equivalents fell to £0.5 million from £1.4 million at the year end, after operating and investing outflows of £0.7 million and £0.3 million respectively.
Coinsilium's venture-building activity continued regardless: its stake in prediction-market intelligence business Predictive Labs grew to approximately 14.91% following further subscriptions taking total investment to US$450,000, with rights to increase this to 29.85%.
Portfolio company Otomato passed 2,000 users by May after Improbable's US$2 million investment into its developer, Dyment Labs.
Post period, the board approved allocating up to 15% of its Bitcoin holdings' value toward venture-building opportunities, and agreed a US$250,000 convertible loan facility with generative-AI platform BeatingHeart.
"These developments reflect our focus on helping founders build and scale businesses across the digital asset and frontier-technology sectors," said chief executive Eddy Travia.
BeatingHeart targets a commercial launch in the fourth quarter.