OnlyFans acquired Ethereum for around $3,800 in early 2022. The company also dabbled in non-fungible token creation.
OnlyFans invested about 5% of its capital in ether (ETH), the Ethereum cryptocurrency. According to the group’s financial report, filed with the UK government for the fiscal year ending November 30, 2022, shows that Fenix International bought a total of $20 million of that cryptocurrency.
It should be noted that when compared to the time of acquisition, ETH had an impairment loss of US$8 million, referring to an event that occurs when the price of an asset falls below the value of the book value.
In this particular case, the value of the ETH purchase registered by the parent company of OnlyFans was US$11 million, according to what the document indicates.
It is not the first time that there has been knowledge of an OnlyFans approach with the world of cryptocurrencies. At the beginning of 2022, at the height of the non-fungible tokens (NFT), the company decided to implement them on its platform, as reported by CriptoNoticias.
Source: Ambito
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