# EDGAR Filing Document

**Accession Number:** 0001682241
**File Stem:** 0001213900-23-016998
**Filing Date:** 2023-3
**Character Count:** 9200
**Document Hash:** ed55b570cd2d96f1d949076f10428111
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-23-016998.hdr.sgml**: 20230303

**ACCESSION NUMBER**: 0001213900-23-016998

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230303

**FILED AS OF DATE**: 20230303

**DATE AS OF CHANGE**: 20230303

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Metalpha Technology Holding Ltd
- **CENTRAL INDEX KEY:** 0001682241
- **STANDARD INDUSTRIAL CLASSIFICATION:** INVESTORS, NEC [6799]
- **IRS NUMBER:** 000000000

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38208
- **FILM NUMBER:** 23701571

**BUSINESS ADDRESS:**
- **STREET 1:** SUITE 1508, CENTRAL PLAZA
- **STREET 2:** 18 HARBOUR ROAD
- **CITY:** WAN CHAI
- **STATE:** K3
- **ZIP:** 000000
- **BUSINESS PHONE:** 852 35652920

**MAIL ADDRESS:**
- **STREET 1:** SUITE 1508, CENTRAL PLAZA
- **STREET 2:** 18 HARBOUR ROAD
- **CITY:** WAN CHAI
- **STATE:** K3
- **ZIP:** 000000

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Dragon Victory International Ltd
- **DATE OF NAME CHANGE:** 20160812

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**Form 6-K**

**REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16**

**UNDER THE SECURITIES EXCHANGE ACT OF 1934**

For the month of March 2023

Commission File Number: 001-38208

**<u>Metalpha Technology Holding Limited</u>**

Suite 1508, Central Plaza

18 Harbour Road, Wan Chai, Hong Kong

China

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | |
|:---|:---|
| **Metalpha Technology Holding Limited** | **Metalpha Technology Holding Limited** |
| By: | /s/ Limin Liu |
|  | Limin Liu |
|  | Chief Executive Officer |

---

Date: March 3, 2023

**EXHIBIT INDEX**

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 99.1 | [Press Release of Metalpha dated March 2, 2023, titled "Metalpha Reports Preliminary First Half of 2022 Unaudited Results."](ea174593ex99-1_metalpha.htm) |

---

## Exhibit 99.1

**Exhibit 99.1**

**Metalpha Reports Preliminary First Half of 2022 Unaudited Results**

HONG KONG, March 2, 2023 /PRNewswire/ **--** Metalpha Technology Holding Limited (NASDAQ: MATH) (the "Company" or "Metalpha"), a digital assets service provider, today announced its preliminary unaudited financial results for the six-month period ended September 30, 2022 (the **"**1H 2023**"**).

In 1H 2023, the Company's revenue from fair value change of proprietary trading digital assets (Trading Revenue）grew by more than 3,000% against the six-month period ended March 31, 2022 ("2H 2022"), rising from just over $122,000 in 2H 2022 to approximately $3.9 million in 1H 2023. The Company has also seen substantial growth of over 300% in its aggregate notional amount of derivative products issuance from about $48.9 million in 2H 2022 to about $198 million in 1H 2023, showing robust demand from Metalpha's global customer base, which includes crypto and blockchain mining companies, institutional investors and family offices. Trading revenue and derivative product issuance are key metrics Metalpha analyzes in evaluating its business scale and success.

<u>FINANCIAL HIGHLIGHTS</u>

<u>Comparison of 2H 2022 with 1H 2023</u> 

● **Derivative Product Issuance** 

The aggregate notional amount of derivative products' issuance in 1H 2023 was approximately $198 million, compared to $48.9 million in 2H 2022, an increase of more than 300%.

---

| | | |
|:---|:---|:---|
| **Time Period** | **2H 2022** | **1H 2023** |
| **Derivative Product Issuance** | $48.9 million | ~$198 million |

---

● **Trading Revenue** 

The revenue from fair value change of proprietary trading digital assets grew by more than 3,000%, rising from just over $122,000 in 2H 2022 to approximately $3.9 million in 1H 2023.

---

| | | |
|:---|:---|:---|
| **Time Period** | **2H 2022** | **1H 2023** |
| **Trading Revenue** | $122000 | ~$3.9 million |

---

● **Total Revenue from Continuing Operation** 

The total revenue from continuing operations for 1H 2023 was approximately $3.9 million, compared to the total revenue of $0.92 million for 2H 2022, an increase of over 320%.

---

| | | |
|:---|:---|:---|
| **Time Period** | **2H 2022** | **1H 2023** |
| **Total Revenue from Continuing Operation** | $0.92 million | $3.9 million |

---

● **Gain/(Loss) from Continuing Operation** 

The gain from continuing operation of 1H 2023 was approximately $151,000, compared to the loss from operations of $0.95 million for 2H 2022, showing an improvement of approximately $1 million.

---

| | | |
|:---|:---|:---|
| **Time Period** | **2H 2022** | **1H 2023** |
| **Gain/(Loss) from Continuing Operation** | ($0.95 million) | $151000 |

---

● **Net Income (Loss)** 

The net loss for 1H 2023 was approximately $4.9 million, compared to the net loss of $7.06 million for 2H 2022, a decrease of approximately 30%.

---

| | | |
|:---|:---|:---|
| **Time Period** | **2H 2022** | **1H 2023** |
| **Net Income (Loss)** | ($7.06 million) | ($4.9 million) |

---

Metalpha aims to provide customers with high-quality product design and trading capabilities and is committed to delivering structured derivative products to cryptocurrency market participants.

The Company works closely with customers and key stakeholders. Product innovation and customer satisfaction are core to the Company's business development, and strategies will continue to be adjusted to meet the increasing demand for digital assets wealth management services.

**<u>Disclaimer</u>**

The Company's independent registered public accounting firm, WWC, P.C., has not completed its audit with respect to any of the preliminary estimated unaudited information published by the Company in connection with this announcement. Accordingly, WWC, P.C. does not express an opinion or any other form of assurance with respect thereto. The Company expects to release its unaudited condensed consolidated financial statements for the six-month period ended September 30, 2022 by the end of March 2023, which will also be included in a Form 6-K to be filed with the U.S. Securities and Exchange Commission. The preliminary estimated unaudited information should not be considered a substitute to such final unaudited condensed consolidated financial statements. You are hereby advised not to place undue reliance on the unaudited preliminary estimates announced on March 3, 2023 by the Company.

**<u>About Metalpha Technology Holding Limited</u>**

Founded in 2015, Metalpha Technology Holding Limited (NASDAQ: MATH) went public on October 20, 2017. The listed Company is dedicated to providing investing and wealth management services with a full-service, institutional-grade platform. With dedicated blockchain expertise, the Company aims to become a leader in the field of crypto wealth management services, bringing robust innovation and transparency to the customers and businesses it serves.

**<u>Forward-Looking Statements</u>**

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties, including the further spread of the COVID-19 virus or new variants thereof, or the occurrence of another wave of cases and the impact it may have on the Company's operations and the demand for the Company's services, and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to," or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and its other filings with the U.S. Securities and Exchange Commission.

**<u>Contact</u>**

Yiwei Wang

Media Relations

info@metalpha.finance