OnlyFans’ parent company, Fenix International, released a financial report for 2022 reflecting cryptocurrency investments in the amount of $20 million. According to the document, at the end of last year, the loss from the purchase of Ethereum amounted to $8.5 million. .
Fenix International has filed its 2022 financial report with Companies House in the UK. According to the document, last year the parent company of the popular content subscription service Onlyfans invested $20 million in the Ethereum cryptocurrency.
However, due to the fall in crypto asset prices over the past year, as of the end of November, the total value of Ethereum purchased by the company decreased by $8.5 million. As of November 30, 2022, when ETH was worth $1,295 each, the value of Fenix International’s crypto assets was estimated at $11.4 million.
Investing in Ethereum is not the first time that Onlyfans have tried the Web3 terrain. In February 2022, the platform allowed verified users to change their avatars to NFTs.
Author:
Grigory Shcheglov
Source: RB
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