Delisting riskPopularity #4,983
MATH · NASDAQ · Financial - Capital Markets

Metalpha Technology (MATH)

Provides wealth management through Hong Kong digital-asset and derivative trading.

$0.9642
vs last close−0.05 (−4.53%)
Loading prices…

Metalpha Technology Holding LimitedMATH
Financial sector

Provides wealth-management services centered on proprietary digital-asset and derivative-contract trading through Metalpha Limited. The Cayman holding company ended its former Mainland China operations and now has its operating base in Hong Kong.

Provides wealth-management services centered on proprietary digital-asset and derivative-contract trading in Hong Kong through Metalpha Limited. The listed parent is a Cayman Islands holding company, while Metalpha Limited is a British Virgin Islands subsidiary. Its ordinary shares trade on Nasdaq under MATH.

Current operations were formed through the reorganization of former Dragon Victory International. After acquiring the remaining interest in Metalpha Limited, the group changed its name and sold its Mainland China operating interests, discontinuing its earlier supply-chain-management footprint. The business is now structured around Hong Kong digital-asset trading and wealth-management services.

Company facts

CEOBingzhong Wang
ListedOct 20, 2017
ExchangeNASDAQ
HeadquartersHong Kong, Hong Kong
CountryHong Kong
Employees25
CIK0001682241
ISINKYG283651076

Market cap$43.8M
EPS (ttm)$0.0199
P/E (ttm)50.75
ROE2.9%
P/B0.8274
P/S
Dividend yieldDiv yield
Beta0.74vs XLF −0.13

No analyst consensus on record.

EPSReportedEstimate

Mar '17Mar '19Sep '19Mar '20Sep '20Jul '26
Reported$0.12−$0.21−$0.01−$0.13−$0.05$0.11
Estimate
Surprise

RevenueReportedEstimate

Mar '17Mar '19Sep '19Mar '20Sep '20Jul '26
Reported$2.4M$421.1K$699.4K$11.3K$24.2K$25.1M
Estimate
Surprise
Estimate
Reported$0.11
Estimate
Reported$25.1M
View details

Debt to equity1.00%
Current ratio112.20%

ProfitabilityRevenueNet incomeNet margin

Q2 FY23Q4 FY23Q2 FY24Q4 FY24Q2 FY25Q4 FY25Q2 FY26Q4 FY26
Revenue$432.3K−$432.0K$0$0$0$0$0$0
Net income−$5.4M−$16.7M−$3.9M$177.5K$6.0M$9.8M−$2.9M$4.2M
Net margin0.0%

GrowthOperating income

Q2 FY23Q4 FY23Q2 FY24Q4 FY24Q2 FY25Q4 FY25Q2 FY26Q4 FY26
Operating income−$4.2M−$3.9M−$5.0M−$10.4M−$12.0M$29.5M−$14.9M−$20.9M
YoY growthLoss narrowedLoss widenedLoss widenedLoss widenedTurned profitLoss widenedTurned loss

Balance sheet, Mar 31, 2026Cash & short-term investments $465.1M · Total debt $536.6K · Total assets $485.6M · Shareholders' equity $53.0M

Revenue
$0
Operating income
−$20.9M
Net income
$4.2M
View details

No dividends on record.

Insiders12.40%5.38M shares
2 holders · as of May 14, 2026
Other87.60%38.02M shares
remainder

43.41M company shares as of Sep 10, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Bingzhong WangInsiderdirector, 10 percent owner, officer: Chief Executive Officer
12.40%5.38Mfiled May 14, 2026
Pengyuan FanInsiderdirector, officer: Chief Financial Officer
0.01%2,500filed Apr 15, 2026

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

  • Galaxy Digital

    Institutional crypto derivatives, trading, and structured-product platform

  • Coinbase

    Institutional crypto trading and derivatives-exchange platform

  • CoinShares

    Digital-asset asset management and institutional capital-markets services

Compare

CompanyPriceChange
Metalpha Technology$0.9642−4.53%$43.8M50.8
Galaxy Digital$27.37+4.97%$8.65B0.1−3.8%
Coinbase$202.22+0.58%$53.04B309.39.6−18.5%
CoinShares$5.91−0.86%$785.4M
Median309.34.9−11.2%