Trending...
- 45th International Symposium On Forecasting – Dates, Venue And Speakers Announced
- The Sonic Planet Becomes Media Partner with Gamble Rogers Folk Festival
- LIB Environmental Test Chamber Leads the Industry with CSA Certification
$MATH Metalpha Technology Authorizes a $5 Million Share Repurchase Program
DelhiScan -- 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 Delhi Scan
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 Delhi Scan
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 Delhi Scan
- Security & Compliance on Microsoft 365 Without the Overhead
- Liquid Technologies Announces the Launch of Liquid Studio v21 and Liquid XML Data Binder v21
- Qrybut Successfully Obtains SEC Certification, Bridging Traditional Finance and Digital Assets
- Glisn Launches Revolutionary Cognitive Training App to Combat the Modern Attention Crisis
- Portland's Evolve & Unite Festival Brings a Transformational Experience to the Pacific Northwest
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 Delhi Scan
- School Launches 250 Students International Service Trips - Gives $1M to Global Education
- DivX Unveils Enhanced Guide on Converting MOV to MP4 for Effortless Video Conversion
- SourceCode Expands AI Factory Offerings with Atlas AI Ignite at GTC 2025
- Karen Mueller Leads the Charge in Infection Prevention as SterileCare Drives Meaningful Change in Catheter Care
- AI — Past, Present, and Future: Verb Presents Features Jay Preston
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 Delhi Scan
- Flint, Michigan to Kick-off A Specialized National Literacy Week with Their Poet Laureate Semaj Brown
- Casey Anthony Reappears on Social Media Shortly After Chief Judge Belvin Perry & Amy Mitchell Publish Tell-All Book
- Restoration Dental Launches New Website to Enhance Patient Experience
- Felbro Food Products Recapitalized By Manangement And New Investment Group
- The Heart of "Rooted In Rhythm": Bridging Gaps Through Music and Community
- 888BoatLaw.com Awards $1000 For FWC Pink Tag Bass Contest
- Dexter B. Jenkins: Championing Financial Literacy and Empowering Generational Wealth Through Faith-Based Guidance
- Best-Selling Author Maurice I. Crawford Unveils Explosive New Book
- Q4 2024 Industry Impact Report Highlights Shifts in Arizona Tech Employment Trends and Investments
- Webinar Announcement: AI Governance: Balancing Innovation and Responsibility
- Aterna AI Unveils AI Trading System with 67% Annual Returns for Career-Focused Professionals
- RoarFun attracts visitors with a motion flight simulator rental and virtual branding at the London Heathrow Aviation Carbon Sustainability conference
- 35th Annual Safe Sober T-Shirt Design Contest Winner Announced at Career Center High in Winston-Salem, North Carolina
- Expansive Estate in South Texas Seeks New Vision, 147 Acres Up for Grabs
- Events by Dubsdread Unveils the 2025 Orlando Wedding Pricing Guide
- Local Company Gets National Industry Recognition
- OneSolution Dental Implant Centers Announces All-on-X Digital Workflow Master Course in Palm Beach, FL
- Allen Field Co., Inc. Cuts Through the Hype: Real Packaging Solutions, No Buzzwords at Pack Expo Southeast 2025
- Digitek Solutions, an Alta Vista Company, Unveils Next-Generation Hosting Hardware at Arizona Data Center
- Himamauli Das Joins K2 Integrity as Senior Managing Director and Counsel