OnlyFans Parent Company Invested Nearly $20 Million in Ethereum in 2022

08/28 02:05

Fenix International, the parent company of OnlyFans, has disclosed that it invested almost $20m in Ether between 2021 and 2022. However, due to a decline in crypto asset prices, the value of its Ether holdings decreased by $8.5m by the end of November 2022. As of 30 November 2022, the carrying amount of the company's ETH holdings was $11.4m. Despite this, OnlyFans experienced solid growth in the reporting period, with a 16.6% increase in revenue, a 47% increase in the number of creators, and a 27% increase in total subscribers.

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