Core Insights - Metalpha Technology Holding Limited reported significant growth in its financial performance for the fiscal year ended March 31, 2024, with a total notional amount of derivative products reaching approximately US$1.56 billion, a 406% increase from US$382 million in the previous fiscal year [1] - The company's income from its wealth management business surged by about 195%, increasing from US$5.7 million in Fiscal Year 2023 to US$16.8 million in Fiscal Year 2024 [3] - Gross profit also saw a substantial rise of 180%, growing from US$2.0 million in Fiscal Year 2023 to US$5.6 million in Fiscal Year 2024 [3] Financial Highlights - Total notional amount of derivative products: US$1.56 billion in Fiscal Year 2024, up from US$382 million in Fiscal Year 2023 [1] - Income from wealth management business: US$16.8 million in Fiscal Year 2024, compared to US$5.7 million in Fiscal Year 2023 [3] - Gross profit: US$5.6 million in Fiscal Year 2024, an increase from US$2.0 million in Fiscal Year 2023 [3] Company Overview - Metalpha Technology Holding Limited, founded in 2015, went public on October 20, 2017, and focuses on providing investing and wealth management services through an institutional-grade platform [5] - The company aims to lead in the crypto wealth management sector, emphasizing innovation and transparency for its clients [5]
Metalpha Reported Fourfold Jump in Notional Amount of Derivative Products for Fiscal Year 2024