Sat. Jun 22nd, 2024

OnlyFans Reveals It Holds $20 Million Worth of Ethereum.

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Fenix International, the parent company of OnlyFans, bought Ethereum cryptocurrency between 2021 and 2022.

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The parent company of the subscription-based platform OnlyFans has become the latest firm to reveal its cryptocurrency holdings, showing it invested nearly $20 million into Ethereum.

Read More: OKX (Previously OKEx) P2P Nigeria Vs Binance P2P Nigeria

According to an Aug. 24 financial filing to the UK corporate registry, Fenix International reported that it had purchased some $19.9 million worth of ETH between 2021 and 2022. 

However, due to the drop in crypto asset prices over last year, the total value of OnlyFans’ Ethereum holdings decreased by $8.5 million by the end of November 2022. 

As of now, going by the current price of ETH ($1641) — this placed the total holdings of the company’s ETH at $19.9 million.

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