{"id":128194,"title":"Coinsilium Announces Board Restructuring and Strategic Update Following Strengthened Financial Position","publisher":"Share Talk","author":"sharetalk","published":"2025-10-16T06:34:22+00:00","modified":"2025-10-16T06:34:22+00:00","canonical_url":"https://www.share-talk.com/coinsilium-announces-board-restructuring-and-strategic-update-following-strengthened-financial-position/","markdown_url":"https://www.share-talk.com/coinsilium-announces-board-restructuring-and-strategic-update-following-strengthened-financial-position.md","json_url":"https://www.share-talk.com/coinsilium-announces-board-restructuring-and-strategic-update-following-strengthened-financial-position.json","category":"e-commerce","categories":["e-commerce","Financial","Technology","Technology, Media & Telecoms"],"tags":["AI","banking","Bitcoin","Blockchain","BTC","CINGF","coin","Coinsilium","Coinsilium Group","crypto-treasury","cryptocurrency","DAOs","Defi","Eddy Travia","Forza Gibraltar Limited","gaming","Gibraltar","metaverse","social networks","Web3","Web3 domain","Web3 economy"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/06/Coin-Article-Image-3.webp?fit=1200%2C800&quality=80&ssl=1","format":"news","language":"en-GB","content":"[Coinsilium Group Limited](https://www.investegate.co.uk/announcement/eqs/coinsilium-group-limited--coin/coinsilium-group-limited-board-restructurin-/9174282) has announced a **board restructuring and strategic update** following a period of significant financial strengthening.\n\nBetween **May and August 2025**, the company successfully **raised approximately £17 million before costs**, bolstering its balance sheet and supporting its strategic growth initiatives.\n\nThrough 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**.\n\n**Highlights**\n\n- Appointment of Chief Financial Officer Ben Proffitt to the Board as Executive Director.\n\n- Malcolm Palle transitions from Executive Chairman to Non-Executive Chairman as part of long-term succession planning.\n\n- Federica Velardo steps down from the Board, continues as General Legal Counsel including Company Secretary functions.\n\n- 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.\n\nAs 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**.\n\nThe 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."}