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-0.0499139414802064 -0.0499139414802064 -0.0499139414802064 -0.0499139414802064 -0.0499139414802064 -0.0499139414802064 0.0189328743545612 0.00516351118760762
Stock impact report

Metalpha Reports Fiscal Year 2023 Financial Results

Metalpha Technology Holding Limited - Ordinary Shares (MATH) 
Company Research Source: PR Newswire
HONG KONG, Feb. 15, 2024 /PRNewswire/ -- Metalpha Technology Holding Limited (Nasdaq: MATH) (the "Company" or "Metalpha"), a global digital asset-based wealth management company, announced financial results for the fiscal year ended March 31, 2023 (the "FY 2023"). The Company reported the notional amount of derivative products issued of $382 million under its wealth management business arm, which generated fiscal-year income of $5.7 million. The adjusted loss of the Company in FY 2023 was about $0.7 million.The Company recorded strong year-over-year growth driven by its wealth management business, a key pillar of its operations and revenue model. The Company designs and issues derivative products for institutions and professional investors and recognizes the fair value change of (i) trading of digital assets and derivative contracts and (ii) investment in trusts as income from our wealth management business.Metalpha prides itself on being one of the world's largest digital asset-based Show less Read more
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