OnlyFans’ parent company Fenix International revealed that between 2021 and 2022, they had purchased almost $20 million to Ether (ETH)

In a financial filing for the UK registry last August 24, Fenix International became the latest firm to reveal its crypto investments with $19.9 million invested to Ether from 2021 and 2022. This was in an effort to diversify and explore the possibilities of cryptocurrency. But due to the bearish market that has afflicted the crypto market last year, this initial $19.9 million would be, at the time of writing, worth only around $11.4 million.

Despite this, however, OnlyFans has experienced a 16.6% growth last year owing to a 47% increase in number of creators and 27% increase in subscribers. This move to reveal their crypto holdings might mean that the …