Trending...
- Fray Fitness Launches Redesigned Website to Enhance Customer Experience
- Criptlán Partners with Top Capital and Technology Teams to Drive the Future of the Digital Economy
- Matt Stuckert Joins Lineus Medical Board of Directors
$MATH Metalpha Technology Authorizes a $5 Million Share Repurchase Program
eMusicWire -- Global Leader in Digital Asset Wealth Management with a Full-Service, Institutional-Grade Platform and Dedicated Blockchain Expertise.
Robust Financial Performance Demonstrating Substantial Growth Amid Increasing Adoption of Cryptocurrency.
For The Six Months Ended September 30, 2024, Achieved Total Revenue of $19,720,654, Nearly a Fourfold Increase over The Same Period in 2023.
Net Income Reached $6,044,921 for a Turnaround to Profitability.
Joint Venture with Abu Dhabi Based Gewan Holding and Subsidiary of Standard Chartered Zodia Markets to Expand Into Middle East Digital Asset Market.
Expertise in Derivatives Innovation, Market Structure Optimization and Risk Management to Support a Fully Compliant and Globally Competitive Digital Asset Trading and Wealth Management Platform.
Founded in 2015, Metalpha Technology Holding Limited (Stock Symbol: MATH) through its subsidiaries, is dedicated to providing investing and wealth management services with a full-service, institutional-grade platform. With dedicated blockchain expertise, MATH aims to become a leader in the field of crypto wealth management services, bringing robust innovation and transparency to the customers and businesses it serves.
Half-Year FY2025 Financial Results with Revenues Up Nearly Four-Fold, Plus Launch of $5 Million Share Repurchase Program
On February 13th MATH announced its unaudited financial results for the six months ended September 30, 2024, with revenue up by an impressive 388% compared to the same period in FY2024. MATH also announced that its Board of Directors has approved a share repurchase program of up to $5 million, reflecting confidence in the Company's future growth.
Since the announcement of a joint venture with Antalpha Technologies Limited on November 8th, 2021, MATH has grown to become a leader in digital asset wealth management, with its robust financial performance demonstrating substantial growth amid increasing adoption of cryptocurrency.
More on eMusic Wire
FY2025 Interim Results Highlights
For the six months ended September 30, 2024, MATH achieved total revenue of $19,720,654, nearly fourfold compared to $5,085,150 for the same period in FY2024. Net income reached $6,044,921, a remarkable turnaround from a net loss of $3,856,955 in the prior-year period. The growth was driven by the pursuit of delivering high-quality products and services to clients.
For further information regarding the MATH financial results for the first six months of fiscal year 2025, please refer to the unaudited consolidated financial statements of the Company as of September 30, 2024 and for the six months ended September 30, 2024, furnished to the U.S. Securities and Exchange Commission on Form 6-K and available at www.sec.gov.
$5 Million Share Repurchase Program
Metalpha's Board of Directors has approved a MATH share repurchase program of up to $5 million over the next 36 months. Repurchases may be made from time to time through open market purchases, privately negotiated transactions, or other legally permissible methods, depending on market conditions and the Company's capital requirements.
This MATH share repurchase program reflects Metalpha's confidence in its long-term strategic direction and commitment to deliver value to its shareholders. Through disciplined capital allocation, MATH management aims to enhance per-share value and provide long-term returns for its investors.
Adrian Wang, Chairman and CEO of Metalpha, expressed optimism about the Company's future:
"The robust interim results, coupled with our growing partnerships and expanded financial offerings, showcase our commitment to meet the customer demand. Behind the attractive financial numbers, we made significant investments in areas that are less apparent but even more critical to our success. Best talents, state-of-the-art technology infrastructure, and extremely comprehensive internal control systems are all essential for long-term scalability and sustainability. These efforts demonstrate our dedication to excellence. Looking ahead, we remain focused on advancing technology, enhancing customer experiences, and innovating best digital asset derivative products."
More on eMusic Wire
Joint Venture with Abu Dhabi Based Gewan Holding and Subsidiary of Standard Chartered Zodia Markets to Expand Into Middle East Digital Asset Market
On February 10th MATH announced it has partnered with Gewan Holding and Zodia Markets to establish ZMG7 LLC, a joint venture aimed at driving the growth of the digital asset market in the Middle East. This milestone partnership marks a significant step in the company's global expansion strategy and strengthens the UAE's position as a key hub for digital asset management.
Abu Dhabi-based Gewan Holding, renowned for its diverse portfolio of strategic investments across various industry sectors, has long been a driver of innovation in the UAE capital's financial sector, and beyond.
Zodia Markets is a subsidiary of Standard Chartered, a UK bank with a presence largely in emerging markets, such as Asia, Africa and the Middle East. Standard Chartered launched Zodia Markets in 2021 alongside OSL, in a move that highlighted the Bank's desire to be leaders in the development of global digital-asset infrastructure.
The formation of ZMG7 LLC comes at a time when the UAE is actively embracing fintech innovation and digital asset regulatory frameworks. As part of this joint venture, MATH will leverage its expertise in derivatives innovation, market structure optimization, and risk management to support ZMG7 LLC in building a fully compliant and globally competitive digital asset trading and wealth management platform.
For more information on MATH visit: https://www.metalpha.net
Media Contact:
Company Names: Metalpha Technology Holding Limited (Stock Symbol: MATH)
Contact: Adrian Wang, Chairman and CEO
Email: company@metalpha.finance
Phone: 852-35652921
Country: China
Website: https://www.metalpha.net
DISCLAIMER: https://corporateads.com/disclaimer/
Disclosure listed on the CorporateAds website
Robust Financial Performance Demonstrating Substantial Growth Amid Increasing Adoption of Cryptocurrency.
For The Six Months Ended September 30, 2024, Achieved Total Revenue of $19,720,654, Nearly a Fourfold Increase over The Same Period in 2023.
Net Income Reached $6,044,921 for a Turnaround to Profitability.
Joint Venture with Abu Dhabi Based Gewan Holding and Subsidiary of Standard Chartered Zodia Markets to Expand Into Middle East Digital Asset Market.
Expertise in Derivatives Innovation, Market Structure Optimization and Risk Management to Support a Fully Compliant and Globally Competitive Digital Asset Trading and Wealth Management Platform.
Founded in 2015, Metalpha Technology Holding Limited (Stock Symbol: MATH) through its subsidiaries, is dedicated to providing investing and wealth management services with a full-service, institutional-grade platform. With dedicated blockchain expertise, MATH aims to become a leader in the field of crypto wealth management services, bringing robust innovation and transparency to the customers and businesses it serves.
Half-Year FY2025 Financial Results with Revenues Up Nearly Four-Fold, Plus Launch of $5 Million Share Repurchase Program
On February 13th MATH announced its unaudited financial results for the six months ended September 30, 2024, with revenue up by an impressive 388% compared to the same period in FY2024. MATH also announced that its Board of Directors has approved a share repurchase program of up to $5 million, reflecting confidence in the Company's future growth.
Since the announcement of a joint venture with Antalpha Technologies Limited on November 8th, 2021, MATH has grown to become a leader in digital asset wealth management, with its robust financial performance demonstrating substantial growth amid increasing adoption of cryptocurrency.
More on eMusic Wire
- $300 Million in Milestones; Double-Digit Royalties; Neurospa LOI for Expansion of International Psychiatry Clinics plus NDA Filed with FDA on New Drug
- Spartan Investigations Partners with Dallas Law Enforcement to Combat Human Trafficking
- Torture in the Troubled Teen Industry, Death by Deliberate Indifference Report
- Sonorous Records Announces the Release of Old Things Are New by Mercy Ridge – A Soulful Revival
- Florida Supreme Court Grants Petition Alleging Judicial Misconduct,in the Ninth Judicial Circuit
FY2025 Interim Results Highlights
For the six months ended September 30, 2024, MATH achieved total revenue of $19,720,654, nearly fourfold compared to $5,085,150 for the same period in FY2024. Net income reached $6,044,921, a remarkable turnaround from a net loss of $3,856,955 in the prior-year period. The growth was driven by the pursuit of delivering high-quality products and services to clients.
For further information regarding the MATH financial results for the first six months of fiscal year 2025, please refer to the unaudited consolidated financial statements of the Company as of September 30, 2024 and for the six months ended September 30, 2024, furnished to the U.S. Securities and Exchange Commission on Form 6-K and available at www.sec.gov.
$5 Million Share Repurchase Program
Metalpha's Board of Directors has approved a MATH share repurchase program of up to $5 million over the next 36 months. Repurchases may be made from time to time through open market purchases, privately negotiated transactions, or other legally permissible methods, depending on market conditions and the Company's capital requirements.
This MATH share repurchase program reflects Metalpha's confidence in its long-term strategic direction and commitment to deliver value to its shareholders. Through disciplined capital allocation, MATH management aims to enhance per-share value and provide long-term returns for its investors.
Adrian Wang, Chairman and CEO of Metalpha, expressed optimism about the Company's future:
"The robust interim results, coupled with our growing partnerships and expanded financial offerings, showcase our commitment to meet the customer demand. Behind the attractive financial numbers, we made significant investments in areas that are less apparent but even more critical to our success. Best talents, state-of-the-art technology infrastructure, and extremely comprehensive internal control systems are all essential for long-term scalability and sustainability. These efforts demonstrate our dedication to excellence. Looking ahead, we remain focused on advancing technology, enhancing customer experiences, and innovating best digital asset derivative products."
More on eMusic Wire
- Blue Luna Responds to Rising Demand for Women's Self-Defense Tools
- Wholesaler Now Expands Operations, Creating 200+ Jobs in South Florida
- Choosing the Right Commercial Space for Your Business
- NaturismRE Calls for Body Acceptance Education in Schools to Tackle Youth Mental Health & Physical Inactivity
- Neural Fusion Signs Genre-Defying Artist Who Dat¿ to the Label
Joint Venture with Abu Dhabi Based Gewan Holding and Subsidiary of Standard Chartered Zodia Markets to Expand Into Middle East Digital Asset Market
On February 10th MATH announced it has partnered with Gewan Holding and Zodia Markets to establish ZMG7 LLC, a joint venture aimed at driving the growth of the digital asset market in the Middle East. This milestone partnership marks a significant step in the company's global expansion strategy and strengthens the UAE's position as a key hub for digital asset management.
Abu Dhabi-based Gewan Holding, renowned for its diverse portfolio of strategic investments across various industry sectors, has long been a driver of innovation in the UAE capital's financial sector, and beyond.
Zodia Markets is a subsidiary of Standard Chartered, a UK bank with a presence largely in emerging markets, such as Asia, Africa and the Middle East. Standard Chartered launched Zodia Markets in 2021 alongside OSL, in a move that highlighted the Bank's desire to be leaders in the development of global digital-asset infrastructure.
The formation of ZMG7 LLC comes at a time when the UAE is actively embracing fintech innovation and digital asset regulatory frameworks. As part of this joint venture, MATH will leverage its expertise in derivatives innovation, market structure optimization, and risk management to support ZMG7 LLC in building a fully compliant and globally competitive digital asset trading and wealth management platform.
For more information on MATH visit: https://www.metalpha.net
Media Contact:
Company Names: Metalpha Technology Holding Limited (Stock Symbol: MATH)
Contact: Adrian Wang, Chairman and CEO
Email: company@metalpha.finance
Phone: 852-35652921
Country: China
Website: https://www.metalpha.net
DISCLAIMER: https://corporateads.com/disclaimer/
Disclosure listed on the CorporateAds website
Source: CorporateAds
0 Comments
Latest on eMusic Wire
- ASI Holds Annual Executive Business Summit Showcasing Suite of Solutions & Celebrates 2024 Partner Award Winners
- Jonah Reed Releases Uplifting New Single "The Cross Still Stands In Texas" with Sonorous Records
- Veterans for America First condemns a faith-based smear campaign against Muslim Candidate Sophia Farooq in Cobb County Georgia as Integrity Matters
- The Winners of the Womens Freedom Song Contest 2025!
- The Womens Freedom Song Contest announces its Winners!
- Grayson Tate Releases Soul-Stirring New Single "You Walked Before Me" with Sonorous Records
- Micah Hart Releases Debut Single "Grace Upon Grace" with Sonorous Records
- Nigeria is next biggest crypto-mining country - Oneminers is investing millions
- Corcoran DeRonja Real Estate Welcomes Mechelle Fuquay as Its Newest Broker
- Matt Stuckert Joins Lineus Medical Board of Directors
- Update: Arlington Jazz Fest: 14th annual, now stretches over 8 days, Mar. 30 - Apr. 6, 2025
- Fray Fitness Launches Redesigned Website to Enhance Customer Experience
- Rampage Jackson and Rashad Evans Face Off At Press Conference At The Palms Casino Resort in Las Vegas on March 20, 2025
- Drone Light Shows Become the Must-Have Entertainment Trend for Events and Venues
- Multi-Million Dollar Contracts and Key Partnerships for Cybersecurity Solutions in the Rapidly Growing Market Nearing $200 Billion Annually $CYCU
- Unveil Hydrogen-Powered Maritime Innovation at H2Hub Summit
- Brookline Family Dentistry Updates Website URL for a Stronger Brand Identity
- Major Defense Contractor, Satellite and Multiple Deployable Tech Companies Partnering with Ascent Solar Technologies, Inc: Stock Symbol: ASTI
- Rosann Santos Ofrece el Programa Repensando el Síndrome del Impostor™
- Criptlán Partners with Top Capital and Technology Teams to Drive the Future of the Digital Economy