Fenix International OnlyFans’ parent company invested part of its working capital in Ethereum and reported impairment losses. For the year ending in November 2022
“During the year, the Group diversified some of its working capital into digital currency assets (‘Ethereum’ or ‘ETH’), the company’s latest accounts show. created until November 30, 2022 and filed with the Companies House of the listed company in the Unitedroyalkingdom on 24 Aug.
Ethereum was valued at $19.89 million within the company’s financial statements. However, the company also reported an impairment loss totaling $8.46 million. At that time, it went from $4,637 to $1,217. followCoinGecko data
Launched in 2016, OnlyFans is known for its 18+ content and has become a popular way for creators to earn money by selling content to their members.
Last year, OnlyFans had more than 50 million new users registered and the site had millions of new creators. Users spent over $5.5 billion on the platform in 2022, with the company reporting $1.1 billion in sales this year.
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