According to the report by The Wall Street Journal, OnlyFans, a London-based subscription platform is reportedly talking to the Architect Capital, a U.S. private Equity firm, to sell its 60% stake. If the deal goes through, then it could value OnlyFans at $3.5 billion or $5.5 billion, including debt.
OnlyFans Ownership
OnlyFans is owned by Leo Radvinsky, who bought the company in 2018. He currently holds the majority stake, and over the last two years, he has taken nearly $1 billion in dividends. In 2025, he reportedly explored selling the entire company for around $8 billion. Despite all this, OnlyFans continues to generate around $1.6 billion in annual net revenue.
Architect Capital is interested in buying the stakes because it is known for investing in businesses that face regulatory challenges. The firm aims to improve the payment systems for creators and support underbanked users on OnlyFans. Architect Capital also says that it is taking OnlyFans public by 2028 through IPO.
OnlyFans History in Crypto Investment
OnlyFans’ parent company, Fenix International, has invested about $19.9 million in Ethereum between 2021 and 2022. By November 2022, the company had recorded an $8.45 million loss during the crypto crash and reduced the value of its ETH holdings to $11.4 million. But there is no confirmation on whether Fenis sold the ETH, and it also explored Ethereum-based NFTs, which shows continuous interest in blockchain.
If the Deal is completed, then there will be a major shift in OnlyFans ownership after years of private control. Right now OnlyFans remains one of the most profitable subscription platforms globally.
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