According to PANews, Metalpha Technology Holding Limited (NASDAQ: MATH) has announced that its SFC Type 9 licensed company, LSQ Capital, successfully concluded the two-year investment period of its Next Generation Fund. The fund's net asset value (NAV) surged by 375.5%, significantly outperforming Bitcoin's 67.3% increase during the same period. The fund began trading in late March 2023 and has demonstrated exceptional performance. Metalpha CEO Adrian Wang attributed this success to the team's market insights, risk management, and strategic partnerships.
Metalpha has transferred its entire 40% stake in NextGen Digital Venture to its founder, Jason Huang, to strengthen their strategic collaboration as the fund cycle concludes. Jason Huang disclosed that NextGen has launched a second-phase fund, continuing to focus on equity investments related to crypto assets and seizing opportunities in the evolving digital finance sector.
