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Warning: Cannot modify header information - headers already sent by (output started at /var/www/html/news/wp-includes/class-wpdb.php:1861) in /var/www/html/news/wp-includes/rest-api/class-wp-rest-server.php on line 1902 {"id":2562,"date":"2023-08-28T08:57:10","date_gmt":"2023-08-28T08:57:10","guid":{"rendered":"https:\/\/lunu.io\/news\/?p=2562"},"modified":"2023-08-29T10:09:11","modified_gmt":"2023-08-29T10:09:11","slug":"why-did-onlyfans-invest-billions-in-ethereum-find-out-now","status":"publish","type":"post","link":"https:\/\/lunu.io\/news\/why-did-onlyfans-invest-billions-in-ethereum-find-out-now\/","title":{"rendered":"Why Did OnlyFans Invest Billions in Ethereum? Find Out Now!"},"content":{"rendered":"\n

The Big Move: OnlyFans and Ethereum<\/h2>\n\n\n\n

OnlyFans, the adult content subscription service, has made a significant move by investing in Ethereum (ETH). As of November 30, 2022, the company purchased $19.889 billion worth of Ethereum, which later recorded an impairment loss of $8.455 billion, leaving a carrying amount of $11.434 billion. This diversification comes at a time when OnlyFans’ revenues have exceeded $1 billion for the first time, with the company’s owner, Leonid Radvinsky, collecting roughly $485 million in dividends since early last year.<\/p>\n\n\n\n

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This is one of many billion dollar companies getting into $ETH<\/a>. Imagine what will be happen when they find #BTC<\/a> is better store of value? Crypto hasn\u2019t even started yet. OnlyFans owner collects $485 million in dividends as it invests profits into Ethereum https:\/\/t.co\/ccKVJIUyP3<\/a><\/p>— Crypto Guru (@EatHealthyGetR1) August 27, 2023<\/a><\/blockquote>