The blockchain venture investment and the advisory group said it had issued around 9.1mln new shares at a price of 4p each, a 23% premium to its last close price on 11 December.
Each new share also carries a warrant to subscribe for one further new ordinary share at a price of 7.5p with a 2-year expiration.
The warrant also carried a provision whereby if the ordinary shares of the firm close at a volume-weighted average share bid price exceeding 15p for 5 consecutive trading days, the company will have the right to require the immediate warrant conversion at the 7.5p price.
Malcolm Palle, executive chairman of Coinsilium, said that while a “challenging “ blockchain landscape throughout the year had impacted the market value of the company, the firm was now “presented with some interesting strategic opportunities on markedly improved terms”.
"Whilst we still see significant upside in our business from existing and new opportunities, we also recognise the need to employ a degree of caution when committing working capital. The funds raised will, therefore, be effectively deployed to maintain Coinsilium's rapid growth trajectory”.
Palle added that the firm would be providing the market with “a comprehensive strategic business update early in the new year”.