Welcome to our dedicated page for Metalpha Tech news (Ticker: MATH), a resource for investors and traders seeking the latest updates and insights on Metalpha Tech stock.
Metalpha Technology Holding Limited develops blockchain and trading technology solutions for the digital asset ecosystem, with activity in digital asset-focused wealth management, proprietary trading of cryptocurrencies and digital assets, cryptocurrency derivative products, hedging infrastructure and liquidity solutions.
Company news commonly covers strategic collaborations in institutional digital asset services, digital asset management technology, structured digital solutions, crypto equity fund distribution, BTC treasury allocation, shareholder meeting matters and governance updates. Updates also describe the company’s role in connecting traditional financial services with digital asset markets in Hong Kong and Asia through customized systems and institutional-grade architectures.
Metalpha Technology Holding (NASDAQ: MATH) has announced the adoption of the Antalpha BTC Mining Index for its Bitcoin mining stocks fund. This index, launched by Antalpha and FTSE Russell, selects the top ten publicly traded US Bitcoin mining companies. Metalpha's fund, managed by its subsidiary LSQ Capital , will use this index as a benchmark for investments.
The company, a major crypto derivatives trader in Asia, offers tailored wealth management and hedging solutions to financial institutions. Metalpha previously launched a GBTC fund that has seen significant gains, outperforming Bitcoin by about 39%. The new equity fund aims to provide investors with Bitcoin exposure through mining companies, responding to high demand for long-term growth opportunities in the Bitcoin mining industry.
Metalpha Technology Holding (Nasdaq: MATH) has received a notification from Nasdaq regarding non-compliance with listing rules due to the delayed filing of its annual report (Form 20-F) for the fiscal year ended March 31, 2024. The company has until October 14, 2024, to submit a compliance plan to Nasdaq. If accepted, Metalpha could be granted an extension until February 10, 2025, to regain compliance.
The delay in filing is attributed to additional time needed for report preparation. Metalpha assures it is working diligently to complete and file the 2024 Form 20-F as soon as possible. This notification does not immediately affect the listing or trading of Metalpha's ordinary shares on the Nasdaq Capital Market.
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On April 3, 2023, Metalpha Technology Holding Limited (NASDAQ: MATH) announced that it has regained compliance with the Nasdaq's minimum bid price requirement. Following a notice from Nasdaq on March 31, the company's ordinary shares maintained a closing bid price of at least $1.00 for 19 consecutive business days. This marks a significant turnaround from a previous notification on September 21, 2022, when the company was deemed not in compliance. Metalpha, founded in 2015, aims to lead in crypto wealth management services and remains committed to innovation and transparency in its operations.
Metalpha Technology Holding Limited (NASDAQ: MATH) reported its preliminary unaudited financial results for the first half of 2023. The company experienced a remarkable growth in trading revenue, which surged over 3,000% from approximately $122,000 in the second half of 2022 to about $3.9 million in the first half of 2023. Derivative product issuance also increased significantly, rising over 300% to around $198 million. The total revenue from continuing operations climbed to approximately $3.9 million, a 320% increase. The net loss decreased to approximately $4.9 million, a 30% reduction from the previous period.