Core Insights - Metalpha Technology Holding Limited reported a significant revenue increase of 388% for the six months ended September 30, 2024, reaching 5,085,150 in the same period of FY2024 [1][2] - The company achieved a net income 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 19,720,654, compared to 5,085,150 for September 30, 2023 [2] - Net income for the same period was 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]
Metalpha Reports Half-Year FY2025 Financial Results with Revenues up Nearly Four-fold, and Announces a $5 Million Share Repurchase Program