Company research
Metalpha Technology Holding Ltd
CIK 1682241Updated Oct 6, 2026
SecurityMATH · NASDAQ · equity
Name history
Dragon Victory International Ltd · through Nov 16, 2022
MATH price & chart
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NASDAQ:MATH on TradingView ↗About the company
Metalpha Technology Holding Limited (NASDAQ: MATH) is a global leading provider of blockchain and trading technology solutions, with a strong emphasis on the digital asset ecosystem. At the core of our operations is a principal-based proprietary trading model, where we engage in strategic, own-account trading of cryptocurrencies and other digital assets. We complement this with highly customized blockchain-related technology solutions and services. With extensive blockchain and traditional fintech expertise, we are dedicated to delivering state-of-the-art technological solutions, including digital asset related management systems, hedging infrastructures, liquidity solutions and institutional grade architectures. We offer highly customized, one-stop solutions to help our customers grow their businesses and are committed to strengthening our position as one of the largest gateways to digital assets in Asia.
Financials
FY 2025 · USDSource
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Source
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cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Profit or LossUSD | 15,894,755Source | -3,679,409Source | -20,167,351Source | -14,428,033Source |
| Additional Financial Items | ||||
| AdjustmentsForFinanceCostsUSD | 7,702Source | 4,241Source | 8,464Source | 1,967,519Source |
| AdjustmentsForFinanceIncomeUSD | -23,264,964Source | -6,652,534Source | 2,342,788Source | 208,326Source |
| AdjustmentsForIncreaseDecreaseInTradeAccountPayableUSD | -7,327,375Source | 517,479Source | 2,437,000Source | — |
| AdjustmentsForSharebasedPaymentsUSD | — | 753,685Source | 1,045,315Source | 1,468,800Source |
| GeneralAndAdministrativeExpenseUSD | 3,793,419Source | 4,254,719Source | 3,536,092Source | 3,818,530Source |
| InterestPaidClassifiedAsFinancingActivitiesUSD | — | — | 13,139Source | 11,550Source |
| PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivitiesUSD | 141,821Source | 97,715Source | 211,170Source | 97,669Source |
| ProceedsFromIssuingSharesUSD | — | — | — | 4,011,473Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cost of Goods and Services Sold | —Source | —Source | —Source | — |
| Selling, General and Administrative ExpenseUSD | 3,793,419Source | 4,254,719Source | — | 3,818,530Source |
| Total RevenueUSD | 44,567,257Source | 236,228Source | — | 2,155,627Source |
| Additional Financial Items | ||||
| ApplicableTaxRatenumber | 0.17Source | 0.17Source | 0.17Source | — |
| BasicEarningsLossPerShareUSD per share | 0.41Source | -0.11Source | -0.75Source | -0.79Source |
| CurrentTaxExpenseIncomeUSD | — | — | 218,035Source | 8,061Source |
| DepreciationAndAmortisationExpenseUSD | 3,094Source | 3,184Source | 2,887Source | 64,977Source |
| DepreciationRightofuseAssetsUSD | 158,800Source | 85,631Source | 85,476Source | 90,327Source |
| DilutedEarningsLossPerShareUSD per share | 0.41Source | -0.11Source | -0.75Source | -0.79Source |
| ExpenseRelatingToVariableLeasePaymentsNotIncludedInMeasurementOfLeaseLiabilitiesUSD | — | — | 224,309Source | — |
| FinanceCostsUSD | 75,253Source | 4,241Source | 8,464Source | 1,967,519Source |
| FinanceIncomeUSD | — | — | — | 208,326Source |
| GainsLossesRecognisedWhenControlInSubsidiaryIsLostUSD | — | — | -67,774Source | — |
| GeneralAndAdministrativeExpenseUSD | 3,793,419Source | 4,254,719Source | 3,536,092Source | 3,818,530Source |
| GrossProfitUSD | 21,302,293Source | 5,627,748Source | — | — |
| ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwillUSD | -671,403Source | — | — | — |
| IncomeTaxExpenseContinuingOperationsUSD | — | — | 218,035Source | 8,061Source |
| InterestExpenseUSD | — | — | — | 1,955,969Source |
| InterestExpenseOnLeaseLiabilitiesUSD | 7,702Source | 4,241Source | 8,464Source | — |
| OtherFinanceCostUSD | — | — | — | 1,967,519Source |
| OtherIncomeUSD | 882,238Source | 1,041,062Source | 40,588Source | — |
| OtherOperatingIncomeExpenseUSD | -1,544,456Source | -5,011,027Source | 30,925Source | 8,629,408Source |
| ProfessionalFeesExpenseUSD | 578,500Source | 913,829Source | 772,572Source | 816,406Source |
| ProfitLossAttributableToNoncontrollingInterestsUSD | — | — | — | 11,606Source |
| ProfitLossAttributableToOwnersOfParentUSD | 15,777,316Source | -3,679,409Source | -20,556,669Source | -14,439,639Source |
| ProfitLossBeforeTaxUSD | 15,894,755Source | -3,679,409Source | -11,701,303Source | -14,419,972Source |
| ProfitLossFromOperatingActivitiesUSD | 17,439,211Source | 1,331,618Source | — | -6,473,781Source |
| RevenueFromInterestUSD | — | — | — | 208,326Source |
Offerings
Registration 333-297098
Filing attachments
ea030697501ex4-1.htm · 6-K · 2026-09-29
Exhibit 4.1 METALPHA TECHNOLOGY HOLDING LIMITED 2024 SHARE INCENTIVE PLAN (as amended and restated on September 28, 2026) ARTICLE 1 PURPOSE The purpose of this 2024 SHARE INCENTIVE PLAN is to promote the success and enhance the value of Metalpha Technology Holding Limited, a Cayman Islands exempted company (the “Company”), by linking the personal interests of the Directors, Employees, Consultants, and other Persons to those of the Company’s shareholders and by providing such individuals with …
Read attachment ↗ea030093601ex99-1.htm · 6-K · 2026-08-06
Exhibit 99.1 Metalpha Reports Breakthrough in Total Assets for FY2026 Amidst Market Volatility 2026/08/06 HONG KONG, Aug. 6, 2026 /PRNewswire/ -- Metalpha Technology Holding Limited (Nasdaq: MATH) (the “Company” or “Metalpha”), through its subsidiaries, is a global leading provider of blockchain and trading technology solutions, with a strong emphasis on the digital asset ecosystem. The Company today announced its audited financial results for the fiscal year ended March 31, 2026. FY2026 Ann…
Read attachment ↗ea029919701ex4-10.htm · 20-F · 2026-08-06
Exhibit 4.10 I N D E X PARTIES CLAUSE 1 AGREEMENT Premises Term CLAUSE 2 Rent CLAUSE 3 (a) Deposit (b) Transfer of Deposit (c) Deposit not to be treated as rent (d) Increase in Services Charges Deposit CLAUSE 4 TENANT’S OBLIGATIONS (a) Rent (b) Rates (c) Utility Charges (d) Directory Boards & consent fee (e) Water Charges (f) (i) …
Read attachment ↗ea029919701ex4-21.htm · 20-F · 2026-08-06
Exhibit 4.21 Sweet Lollipop Co., Ltd. and Hermitage Management Limited and Jason Huang SALE AND PURCHASE AGREEMENT in respect of 40% of the share capital of NextGen Digital Venture Limited (the “Agreement”) THIS AGREEMENT is made on _______________________ BETWEEN: - (1) Sweet Lollipop Co., Ltd., a limited liability company organized under the laws of the British Virgin Islands, with its registered address at Start Chambers, Wickham’s Cay II, P.O. Box 22…
Read attachment ↗ea029919701ex4-24.htm · 20-F · 2026-08-06
Exhibit 4.24 METALPHA TECHNOLOGY HOLDING LIMITED 2024 SHARE INCENTIVE PLAN NOTICE OF RESTRICTED SHARE UNITS AWARD Participant’s Name and Address: _____________________________ You have been granted the number of restricted share units (the “RSUs”) designated below, each evidencing the right to receive one (1) ordinary share, par value US$0.0001 per share, of the Company (the “Shares” and each a “Share”) upon vesting, subject to the terms and conditions of this Notice of RSUs Award (the “Not…
Read attachment ↗ea029919701ex4-6.htm · 20-F · 2026-08-06
Exhibit 4.6 Metalpha Technology Holding Limited 5506-07, Central Plaza, 18 Harbour Road Wan Chai, Hong Kong +852-35652921 [Date] [Director Name] [Director Address] Re: Director Offer Letter Dear [Director Name], Metalpha Technology Holding Limited, a Cayman Islands exempted company with limited liability (the “Company”), is pleased to offer you a position as a member of its board of directors (the “Board”). We believe your background and experience will be a significant asset to…
Read attachment ↗