Coinsilium Group Limited has announced a board restructuring and strategic update following a period of significant financial strengthening.
Between May and August 2025, the company successfully raised approximately £17 million before costs, bolstering its balance sheet and supporting its strategic growth initiatives.
Through its subsidiary, Forza Gibraltar Limited, Coinsilium has built a Bitcoin and digital asset treasury comprising 182 Bitcoin, valued at approximately US$20 million (£15.25 million) based on a market price of around US$112,000 per Bitcoin.
Highlights
- Appointment of Chief Financial Officer Ben Proffitt to the Board as Executive Director.
- Malcolm Palle transitions from Executive Chairman to Non-Executive Chairman as part of long-term succession planning.
- Federica Velardo steps down from the Board, continues as General Legal Counsel including Company Secretary functions.
- Coinsilium to provide Strategic Update within the coming weeks, highlighting opportunities emerging across the digital-asset sector and detailing how the Company intends to drive sustainable growth and shareholder value.
As part of the restructuring, Ben Proffitt, currently serving as Chief Financial Officer, has been appointed Executive Director. Malcolm Palle has transitioned from Executive Chairman to Non-Executive Chairman, and Federica Velardo has stepped down from the Board but will continue in her role as General Legal Counsel.
The company said these changes position Coinsilium to “build on its enhanced financial base and digital asset portfolio” as it continues to expand its footprint across blockchain, Web3, and digital asset investment markets.
