Metalpha is one of the largest exotic crypto derivative desks in Asia
Litecoin Foundation Partners With Digital Asset Manager Metalpha to Develop Hedging Products for LTC Miners
Metalpha Just Announced a Joint Venture with Abu Dhabi based Gewan Holding and subsidiary of Standard Chartered Zodia Markets to Expand into the Middle East Digital Asset Market
Crypto Mining Giant Bitmain Owns Over 38% of MATH Through Various Entities
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Hello Everyone,
Our last profile shot up double digits early on. Our profile from Friday closed up 28% on Monday. That has been the theme so far in 2025 for us. We have been able to profile several companies that have gone on to make double and triple digit moves in the 5 short weeks since the beginning of the year.
We have been profiling 2-4 companies a week unlike other newsletters that talk about 5-6 different companies a day that they picked off a scanner, highlighting only the winners. I know you aren’t falling for that.
This year has been great for the small caps so far and we are encouraged about their future over the next 4 years.
We want to turn our focus to the hottest sectors in existence right now. The crypto sector has no doubt been one of the most talked about industries ever to be created in the history of the world and in modern times. The world wide impact has already been monumental and it is growing alongside technology.
In 2025 we have arrived at mainstream acceptance and regulatory development surrounding crypto. Large financial institutions, hedge funds, and corporations like Tesla, MicroStrategy, and Square have begun to invest heavily in Bitcoin and other cryptocurrencies. This has given crypto a level of legitimacy in traditional finance.
Governments have started to develop clearer regulations for crypto markets. Some countries like El Salvador have adopted Bitcoin as legal tender, while others, like China, have cracked down on cryptocurrency mining and trading. Here in the U.S., the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have become more active in regulating crypto markets.
Nobody can deny the legitimacy of crypto currency and the expanding usage.
With that being said, we want you to research Metalpha Technology Holding Ltd. (NASDAQ: MATH) ahead of Wednesday’s session.
One of the keys to the success of MATH will be the size of its float. There are 39.0 million shares outstanding. 26.1 million are held by partners and insiders, leaving roughly 13Mill left in the float.
MATH has been on the move since the beginning of December and just today broke the 52 week high.
It is clear on the chart that there has been a reversal on this one.
MATH is in “Bull Mode” and the chart isn’t showing any signs of this one slowing down.
MATH is a tightly held wealth management company on the verge of profitability and has a record of considerable asset accumulation, with almost 300% annually over the past 2 years. The company is a complex derivative underwriter that layers on strategies for their wealth clients that work in bull markets, bear markets and sideways markets. They employ hedging strategies, market making, and derivatives as their subsidiary LSQ Capital is a licensed brokerage and futures dealer in Hong Kong. This means they can also launch ETFs.
Their clients include institutions, exchanges, mining companies, investment funds, and family offices. For many of the mining companies they offer a product that couples financing of the mining rigs from partner Bitmain with offering returns from the digital assets. This is a win-win for miners and creates a sticky customer base for their strategic partner Bitmain.
Revenues for 2024 came in at $16.8 million and they recorded a net loss of $.11 per share. The company also had a shareholder equity of $16.8 million. They had a net profit of $1.3 million for the year but it was offset by a large warrant expense which resulted in a small loss for the year. The balance sheet contained $126.5 million in crypto assets. As of March 2024 they had transaction volume of $1.6 billion in BTC. Given their trajectory this number could be closer to $3 – 4 billion based on the appreciation of BTC and their growth rate. There are 39.0 million shares outstanding and 20.6 million are held by partners and 5.5 million are held by insiders leaving, almost 13.0 million shares left in the float.
Key shareholders in MATH include Bitmain which is the primary hardware supplier of Bitcoin mining rigs and Antalpha which provides the technical support for the hardware and has a strategic partnership with them. The insiders and strategic partners hold just over 50% of MATH.
Other notable partners include Bloomberg, CoinDesk, Tether, Bloomberg, Morningstar, and Interactive Brokers Group
One could argue that MATH is grossly undervalued to its peers and the company has done little in the way of getting their name out there.
If you wanted to take a look at a very in depth and technical report on MATH by BidClub.IO you can do so here.
The report makes some bold predictions regarding MATH but if you really dig into the report you will see that it backs up why it put these lofty numbers on MATH.
MATH is grossly undervalued compared to some of their competitors.
DEFTF could be seen as a competitor of MATH. DEFTF has market cap of 973 million USD against 67 million USD for MATH. There is a big difference in revenues for now but they have similar business models in that they are providing crypto derivatives like ETPs. However, DeFi does not have the network effect of Bitmain and Antalpha as substantial, controlling shareholders.
Bitmain is massive. This report says the company made between 3-4 Billion last year. I would call that kind of money….. “smart money.”
Metalpha Announces Joint Venture with Abu Dhabi based Gewan Holding and subsidiary of Standard Chartered Zodia Markets to Expand into the Middle East Digital Asset Market
HONG KONG, Feb. 10, 2025 /PRNewswire/ — Metalpha Technology Holding Limited(Nasdaq: MATH) is pleased to announce that its wholly owned subsidiary, Metalpha Limited, has partnered with Gewan Holding and Zodia Markets to establish ZMG7 LLC, a joint venture aimed at driving the growth of the digital asset market in the Middle East. This milestone partnership marks a significant step in the company’s global expansion strategy and strengthens the UAE’s position as a key hub for digital asset management.
Abu Dhabi-based Gewan Holding, renowned for its diverse portfolio of strategic investments across various industry sectors, has long been a driver of innovation in the UAEcapital’s financial sector, and beyond.
Zodia Markets is a subsidiary of Standard Chartered, a UK bank with a presence largely in emerging markets, such as Asia, Africa and the Middle East. Standard Chartered launched Zodia Markets in 2021 alongside OSL, in a move that highlighted the Bank’s desire to be leaders in the development of global digital-asset infrastructure.
Adrian Wang, CEO of Metalpha Technology Holding Limited, commented: “I’m very excited for our partnership and shared vision of advancing digital assets in the Middle East. Aiming to play a pivotal role to drive mass adoption of digital assets in the region, we look forward to expanding our presence in this dynamic market.”
The formation of ZMG7 LLC comes at a time when the UAE is actively embracing fintech innovation and digital asset regulatory frameworks. As part of this joint venture, Metalpha will leverage its expertise in derivatives innovation, market structure optimization, and risk management to support ZMG7 LLC in building a fully compliant and globally competitive digital asset trading and wealth management platform.
ZMG7 LLC: Pioneering the UAE’s digital asset transformation through global collaboration
HONG KONG, Feb. 4, 2025 /PRNewswire/ — Gewan Holding, Zodia Markets, and Metalpha Limited have today officially announced the launch of ZMG7 LLC, a partnership set to redefine the global digital asset ecosystem. This unique partnership combines the expertise and resources of three powerhouses in finance and digital innovation, with each partner bringing their own distinct strength to the partnership.
Abu Dhabi-based Gewan Holding, renowned for its diverse portfolio of strategic investments across various industry sectors, has long been a driver of innovation in the UAEcapital’s financial sector, and beyond.
Backed by Standard Chartered Bank and operating across many key global jurisdictions, including Abu Dhabi, Zodia Markets is an institution-first digital asset brokerage. Having established itself as a leader in OTC spot liquidity, Zodia Markets has built a reputation for offering industry-leading pricing and settlement services to institutional clients, through its bank-grade infrastructure.
Metalpha Limited, founded in 2021, Metalpha Limited is a global leading provider of digital asset focused wealth management products and services. As a subsidiary of Metalpha Technology Holding Limited, the company specializes in crypto derivatives, serving institutions such as exchanges, mining firms, investment funds, and family offices. With top talent from Wall Street banks and deep blockchain expertise, Metalpha Limited aims to lead the crypto wealth management industry, driving innovation, transparency, and sustainable growth for its clients worldwide.
Commenting on the launch, Alaa Al Ali, CEO of Gewan Holding, said: “ZMG7 embodies the vision of innovation and collaboration that is central to our values at Gewan Holding. This venture is also a testament to Abu Dhabi’s growing prominence as a global hub for digital assets and financial technology.”
Amer Al Osh, Chief Development Officer, Gewan Holding, added: “By joining forces with Zodia Markets and Metalpha, we aim to unlock unprecedented opportunities in the digital asset landscape, driving its rapid yet sustainable growth across the UAE, the GCC, and beyond.”
Adrian Wang, CEO of Metalpha Limited, further remarked: “I’m very excited for our partnership and shared vision of advancing digital assets in the Middle East. Aiming to play a pivotal role to drive mass adoption of digital assets in the region, we look forward to expanding our presence in this dynamic market.”
Also sharing his enthusiasm for today’s announcement, Usman Ahmad, Co-Founder and CEO of Zodia Markets, said: “It is a privilege to partner with esteemed institutions like Gewan Holding and Metalpha. Together, our unique capabilities and combined infrastructure will create unparalleled synergies, enabling us to contribute to the growth of the global digital asset markets. Having received our Financial Services Permission from the FSRA in Abu Dhabi Global Market on December 24, ZMG7 reiterates our commitment to the UAEand our ambitious goals in the global digital asset ecosystem.”
The formation of ZMG7 signals the foundation for an ambitious initiative seeking to enhance the UAE’s leadership in global digital asset management. The joint venture is also poised to deliver significant value by leveraging the distinct expertise of its partners, further positioning Abu Dhabi and the wider GCC region as key players in the future of finance.
Gewan Holding
Gewan Holding is a prominent Abu Dhabi based investment conglomerate committed to driving transformative growth and innovation across diverse sectors. Guided by Abu Dhabieconomic Vision 2030, we are at the forefront of shaping a dynamic future by harnessing the potential of varied industries.
Zodia Markets
Zodia Markets is the institution-first digital asset brokerage providing comprehensive over-the-counter (OTC) trading solutions to clients across the globe. Born out of the innovation unit of Standard Chartered Bank, SC Ventures, and Asia’s leading digital asset company, OSL Group, Zodia Markets supports over 50 digital assets and in excess of 20 fiat currencies.
Litecoin Foundation Partners With Digital Asset Manager Metalpha to Develop Hedging Products for LTC Miners
The partnership will jointly develop the Litecoin ecosystem to hedge risk and lower carbon emissions.
Metalpha Technology Holding Ltd (MATH), a wealth management company for cryptocurrencies, said on Friday it will work with Litecoin Foundation to develop sustainable mining solutions for the Litecoin ecosystem.
The Litecoin foundation is a nonprofit that maintains and develops products for the namesake blockchain.
The partnership’s specific areas of research will include developing derivative products, facilitating renewable energy use, increasing energy efficiency and lowering carbon emissions from mining on the Litecoin Network.
Metalpha will develop financial derivative products for LTC tokens, it also aims to support crypto miners with hedging products against market risk and to lower the environmental impact of crypto mining.
Hedging is a risk management strategy employed to offset losses in investments by taking an opposite position in a related asset.
Metalpha and Litecoin Foundation added they will work with universities and research institutions to further sustainable blockchain innovation, support public education around the Litecoin network, and improve network awareness, adoption and scalability.
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