On November 30, 2022, Onlyfans’ Ethereum (ETH) holdings had a book value of $11.43 million. On that day, the price of ETH was approximately $1,270, suggesting that Onlyfans held around 9,000 ETH. The purchase cost of these holdings was calculated to be $19.889 million, indicating an average purchase price of $2,210 per ETH.
However, with the current ETH price standing at $1,650, the value of these holdings has decreased to $14.85 million. This represents a floating loss of $5 million, or a 25% decline in value. The information was shared by Twitter user EmberCN.
Another tweet from wublockchain12 corroborated the data, stating that financial reports showed Onlyfans purchased ETH worth $19.889 million. As of November 30, 2022, the value of this ETH had depreciated by $8.455 million, bringing its book value to $11.43 million.
The decline in values of OnlyFans’ Ethereum holdings serves as a stark reminder of the inherent volatility…
