HONG KONG, March 11, 2025 /PRNewswire/ -- Metalpha Technology Holding Limited (Nasdaq: MATH) (the "Company" or "Metalpha"), a global leader in digital asset wealth management, is pleased to announce the appointment of Mr. Liu Yi, a highly regarded expert in the BTC mining industry, as the Senior Advisor of the Company's crypto mining partnerships. Mr. Liu brings over 15 years of leadership experience in the crypto mining and technology sectors while serving as the CEO of Baohui Innovation Technology Limited ...

Core Insights - Metalpha Technology Holding Limited reported a significant revenue increase of 388% for the six months ended September 30, 2024, reaching $19,720,654 compared to $5,085,150 in the same period of FY2024 [1][2] - The company achieved a net income of $6,044,921, a turnaround from a net loss of $3,856,955 in the prior-year period, indicating strong financial recovery and growth [2] - The Board of Directors approved a share repurchase program of up to $5 million, reflecting confidence in the company's future growth and commitment to shareholder value [3][4] Financial Performance - Total revenue for the six months ended September 30, 2024, was $19,720,654, compared to $11,678,395 for March 31, 2024, and $5,085,150 for September 30, 2023 [2] - Net income for the same period was $6,044,921, compared to $177,546 for March 31, 2024, and a net loss of $3,856,955 for September 30, 2023 [2] Strategic Initiatives - The share repurchase program will be executed over the next 36 months through various methods depending on market conditions [3] - The company aims to enhance per-share value and provide long-term returns for investors through disciplined capital allocation [4] - CEO Adrian Wang emphasized the importance of investments in talent, technology infrastructure, and internal control systems for long-term scalability and sustainability [4] Company Background - Metalpha Technology Holding Limited was founded in 2015 and went public on October 20, 2017, focusing on providing investing and wealth management services [5] - The company aims to lead in crypto wealth management services, emphasizing innovation and transparency [6]

HONG KONG, Feb. 10, 2025 /PRNewswire/ -- Metalpha Technology Holding Limited (Nasdaq: MATH) is pleased to announce that its wholly owned subsidiary, Metalpha Limited, 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 Dh ...

HONG KONG, Feb. 4, 2025 /PRNewswire/ -- Gewan Holding, Zodia Markets, and Metalpha Limited have today officially announced the launch of ZMG7 LLC, a partnership set to redefine the global digital asset ecosystem. This unique partnership combines the expertise and resources of three powerhouses in finance and digital innovation, with each partner bringing their own distinct strength to the partnership.Abu Dhabi-based Gewan Holding, renowned for its diverse portfolio of strategic investments across various in ...

HONG KONG, Nov. 28, 2024 /PRNewswire/ -- Metalpha Technology Holding Limited (Nasdaq: MATH) (the "Company" or "Metalpha"), a global digital asset-focused wealth management company, today announced the appointment of Mr. Pengyuan Fan as Chief Financial Officer of the Company ("CFO"), effective on November 28, 2024.Mr. Pengyuan Fan brings over 15 years' experience of key positions at a leading high-frequency trading firm, Royal Bank of Scotland and UBS in London. Mr. Fan graduated with both Bachelor of Arts ( ...

HONG KONG, Oct. 31, 2024 /PRNewswire/ -- Metalpha Technology Holding Limited (Nasdaq: MATH) (the "Company" or "Metalpha"), a global digital asset-focused wealth management company, today announced that it filed its Form 20-F annual report for the fiscal year ended March 31, 2024 ("Fiscal Year 2024") on October 30, 2024. In Fiscal Year 2024, the Company reported a total notional amount of derivate products of approximately US$1.56 billion, which was 406% comparing to the total notional amount of US$382 milli ...

Risks Relating to Our Ordinary Shares and the Trading Market ● The market price of our Ordinary Shares may be volatile or may decline regardless of our operating performance; The PRC operating entities had been in business since October 2014 until all business operations in mainland China were ceased and sold to third parties in March 2023. We have been a provider of wealth management services since December 2021. ● We may require additional capital to develop and expand our operations, which may not be ava ...

HONG KONG, Sept. 1, 2024 /PRNewswire/ -- Metalpha Technology Holding Limited (NASDAQ: MATH) (the "Company" or "Metalpha"), a global digital asset-focused wealth management company, today announced it, through its subsidiary, has adopted the Antalpha BTC Mining Index for its BTC mining stocks fund. The index was recently launched by Antalpha and FTSE Russell.Metalpha's Bitcoin mining stock fund is managed by a wholly-owned subsidiary of the Company, LSQ Capital Limited. The fund uses the Antalpha BTC Mining ...

HONG KONG, April 10, 2024 /PRNewswire/ -- Metalpha Technology Holding Limited (Nasdaq: MATH) (the "Company" or "Metalpha"), a global digital asset-focused wealth management company, announced today that it received a notice (the "Notice") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") on April 8, 2024 indicating that the Company is not currently in compliance with Nasdaq's Listing Rules (the "Listing Rules") due to the Company's failure to file an interim balance sheet ...

HONG KONG, April 4, 2024 /PRNewswire/ -- Metalpha Technology Holding Limited (Nasdaq: MATH) (the "Company" or "Metalpha"), a global digital asset-focused wealth management company, announced today the appointment of OneStop Assurance PAC as its independent registered public accounting firm, effective on April 3, 2024, in connection with the audit of the Company's consolidated financial statements for the fiscal year ended March 31, 2024. OneStop Assurance PAC succeeds WWC, P.C., which previously was the ind ...