Ether Capital Corporation Reports a Revenue of $1.2 Million in Q1 2022

Ether Capital Corporation, a company focused on the development of Ethereum Ethereum Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Read this Term and Web3 ecosystem, released its financial results for the first quarter of 2022 on Monday. According to the report, the total value of Ether (ETH) and Staked Ether held by the company was $180.5 million.

Additionally, the total value of the company’s assets was $193.2 million. Moreover, the total shareholders’ equity of the firm was $192.7 million. Ether Capital Corporation had a revenue during the quarter of $1.2 million and operating expenses of $0.8 million. After incorporating non-operating expenses of $8.17 million, its net loss was $7.76 million or $0.23 per share. Also, the net book value per share was $5.74.

“We had a strong start to the year and our revenue exceeded operating expenses in the quarter. We brought on two executives who are highly experienced in traditional finance and key to our growth strategy. Their expertise, combined with our insider knowledge of the Ethereum ecosystem, is exactly what we need as we continue to build out our business and pursue new opportunities in the space. We exited non-core assets this past quarter and are focusing on building products that support the Ethereum ecosystem, while making it more accessible to the traditional finance community,” Brian Mosoff, the CEO of Ether Capital, commented.

During Q1 of 2022, Ether Capital started a transition from passive ownership of Ether and minority investments to an operating business that holds yield Yield A yield is defined as the earnings generated by an investment or security over a particular time period. This is in typically displayed in percentage terms and is in the form of interest or dividends received from it.Yields do not include the price variations, which differentiates it from the total return. As such, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as a A yield is defined as the earnings generated by an investment or security over a particular time period. This is in typically displayed in percentage terms and is in the form of interest or dividends received from it.Yields do not include the price variations, which differentiates it from the total return. As such, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as a Read this Term-generating Ether. In addition to selling non-core assets, the firm has increased its allocation of Ether to Staked Ether and increased the headcount of its senior management team. The company’s revenue for the quarter included both consulting revenue from Purpose Investments in relation to its crypto ETFs (BTCC and ETHH) and revenue from Staked Ether.

New CFO and COO Appointed

In March, Ether Capital Corporation announced the appointment of Ian McPherson as the President and Chief Financial Officer and Jillian Friedman as the Chief Operating Officer.