Oak Securities has started coverage of Coinsilium Group Limited (AQSE:COIN, OTCQB:CINGF, FRA:5CT), the Gibraltar-based digital asset venture builder, with a ‘buy’ rating and a 4.25p price target.
Analyst Henry Poole pitched the target at more than double the current 2p share price.
Coinsilium, which trades on the Aquis Stock Exchange and is valued at around £10 million, is presented as a venture builder backed by a Bitcoin treasury rather than a pure crypto holding company.
The firm holds 182 Bitcoin through its Forza (Gibraltar) subsidiary, worth roughly £8.6 million, though the coins were bought last year at an average cost well above today’s price.
Oak values the group on a sum-of-the-parts basis, reaching an indicative asset value of £17.4 million before applying a 20% premium for its venture-building capability.
The broker sees the main upside in Coinsilium’s early-stage technology bets, aimed at the so-called agentic economy of autonomous AI software that transacts and settles on-chain.
Chief among them is a 50 million token position in Yellow Network, a decentralised clearing protocol whose YELLOW token launched in March and is marked at about $2 million.
Oak assumes the token climbs from $0.041 to $0.12 over the next year, lifting the value of the holding towards £4.5 million.
The note also highlights Coinsilium’s $350,000 stake, close to 12%, in Predictive Labs, a Singapore company building a data layer for prediction markets.
That sector is forecast to grow from around $51 billion of trading volume in 2025 to roughly $1 trillion by 2030, according to Bernstein Research estimates.
A planned float of portfolio company Greengage on Aquis, alongside further token milestones, is flagged as a potential catalyst.
Against that, Oak points to Coinsilium’s reliance on volatile crypto valuations, early-stage execution risk and thin cash generation, with the company burning about £1.2 million a year.
Following a £17 million raise in 2025, it has roughly a year of cash runway, backed by its digital asset holdings.
