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Metalpha Technology Holding Limited (NASDAQ: MATH) is a global leader in digital asset-based wealth management services founded in 2015. The company went public on October 20, 2017, and has since focused on providing a full-service, institutional-grade platform for its customers.
Core Business Segments:
- Crowdfunding and Incubation: The Longyun operating segment reflects Metalpha's crowdfunding and incubation services, helping projects connect with funding sources and providing strategic guidance.
- Platform Services: The Dacheng Liantong segment is dedicated to offering an extensive range of platform services, including financial advisory and business growth support.
- Proprietary Trading of Digital Assets: The Metalpha segment focuses on trading digital assets and developing crypto derivatives products for users worldwide.
Metalpha generates revenue primarily from its activities in Hong Kong and has positioned itself as one of the world's largest digital asset-based derivative trading firms. The company designs and issues derivative products for institutions and professional investors, offering high-quality product design and trading capabilities.
Key Achievements:
- In fiscal year 2023, Metalpha reported a notional amount of $382 million in derivative products issued, generating $5.7 million in income from its wealth management business.
- The company's revenue from the wealth management business jumped significantly from $0.1 million in FY 2022 to $5.7 million in FY 2023.
- Metalpha aims to expand its market share in Asia and innovate its product offerings further.
Current Projects and Financial Condition:
Metalpha continues to work on filing its annual and interim financial reports with the SEC, striving to maintain compliance with Nasdaq's listing rules. Despite these challenges, the company remains committed to its growth and compliance strategies.
Partnerships and Future Plans:
Metalpha aims to build robust partnerships and strategic relationships to expand its reach and enhance its service offerings. The company is also focused on maintaining high customer satisfaction through custom product designs and services with compliance at the core.
With dedicated blockchain expertise and a strong focus on digital asset-based wealth management, Metalpha is set to lead the market, bringing innovation and transparency to the clients and businesses it serves.
Metalpha Technology Holding (Nasdaq: MATH) announced the appointment of Mr. Pengyuan Fan as Chief Financial Officer, effective November 28, 2024. Fan brings over 15 years of experience from positions at a high-frequency trading firm, Royal Bank of Scotland, and UBS in London. He holds BA and MA degrees in Engineering from Cambridge University and is a Fellow of Chartered Accountant. He replaces Mr. Xiaohua Gu, who served as CFO since 2016 and is stepping down voluntarily to pursue new opportunities.
Metalpha Technology Holding (MATH) has announced regaining compliance with Nasdaq's periodic filing requirement under Listing Rule 5250(c)(1). The compliance was achieved after the company filed its Annual Report on Form 20-F for the fiscal year ended March 31, 2024, with the SEC on October 30, 2024. Metalpha, established in 2015, is a global digital asset-focused wealth management company that provides investing and wealth management services through its institutional-grade platform.
Metalpha Technology Holding (MATH) reported significant growth in its fiscal year 2024 ended March 31. The company's total notional amount of derivative products reached US$1.56 billion, marking a 406% increase from US$382 million in FY2023. Income from wealth management business grew 195% to US$16.8 million from US$5.7 million, while gross profit increased 180% to US$5.6 million from US$2.0 million in the previous fiscal year. The company, focused on digital asset wealth management, expressed confidence in the digital asset industry's outlook.
Metalpha Technology Holding (NASDAQ: MATH) has announced the adoption of the Antalpha BTC Mining Index for its Bitcoin mining stocks fund. This index, launched by Antalpha and FTSE Russell, selects the top ten publicly traded US Bitcoin mining companies. Metalpha's fund, managed by its subsidiary LSQ Capital , will use this index as a benchmark for investments.
The company, a major crypto derivatives trader in Asia, offers tailored wealth management and hedging solutions to financial institutions. Metalpha previously launched a GBTC fund that has seen significant gains, outperforming Bitcoin by about 39%. The new equity fund aims to provide investors with Bitcoin exposure through mining companies, responding to high demand for long-term growth opportunities in the Bitcoin mining industry.
Metalpha Technology Holding (Nasdaq: MATH) has received a notification from Nasdaq regarding non-compliance with listing rules due to the delayed filing of its annual report (Form 20-F) for the fiscal year ended March 31, 2024. The company has until October 14, 2024, to submit a compliance plan to Nasdaq. If accepted, Metalpha could be granted an extension until February 10, 2025, to regain compliance.
The delay in filing is attributed to additional time needed for report preparation. Metalpha assures it is working diligently to complete and file the 2024 Form 20-F as soon as possible. This notification does not immediately affect the listing or trading of Metalpha's ordinary shares on the Nasdaq Capital Market.
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