Fenix International’s Investment in Ethereum: Exploring OnlyFans’ Crypto Holdings
Fenix International, the parent company of OnlyFans, has revealed its cryptocurrency holdings, investing nearly $20 million in EtherEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH. More (ETHEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH. More) between 2021 and 2022. Despite a decline in crypto asset prices, the company’s ETHEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH. More holdings were valued at $11.4 million as of November 2022. OnlyFans experienced solid growth, with a 16.6% increase in revenue, a 47% increase in creators, and a 27% increase in subscribers. This investment follows previous forays into the digital asset space by the company and its executives.
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