OnlyFans’ father or mother firm purchased $20M of Ethereum as income surged

The father or mother firm of subscription platform OnlyFans has change into the newest agency to disclose its cryptocurrency holdings, exhibiting it invested almost $20 million into Ether (ETH) in 2022.

In accordance with an Aug. 24 monetary submitting to the UK company registry, Fenix Worldwide reported that it had bought some $19.9 million value of ETH between 2021 and 2022. Nonetheless, on account of an total decline in crypto asset costs over the course of final yr, the whole worth of its Ether decreased by $8.5 million by the top of November 2022.

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