OnlyFans is in talks to sell a 60% stake: report

2026/01/31 06:25

London-based subscription platform OnlyFans is reportedly negotiating the sale of a 60% stake to California private equity firm Architect Capital.

Summary

OnlyFans is reportedly selling a 60% stake.
Fenix International, OnlyFans’ parent company, invested about $19.9 million in Ethereum during 2021–2022.
By November 2022, falling crypto prices caused an $8.45 million impairment; whether the company still holds the assets remains to be seen.

According to the Wall Street Journal, the deal could value the company, known for its X-rated content, at $3.5 billion, or $5.5 billion including debt.

Architect Capital, which specializes in restructuring complex businesses, aims to improve payment systems for under-banked creators, many of whom face barriers due to adult-themed content.

Current majority owner Leo Radvinsky, who acquired OnlyFans from founders Tim and Guy Stokley in 2018, has attempted to pivot the platform toward a social-media-style experience while still generating revenue.

Financial filings show Radvinsky has received nearly $1 billion in dividends over two years.

Radvinsky began exploring offers to sell the platform last year for around $8 billion.

OnlyFans continues to be highly profitable, with annual net revenue near $1.6 billion, and Architect Capital envisions a public listing by 2028. The sale remains speculative, with negotiations ongoing and no contract finalized.

Ethereum holdings

OnlyFans’ parent company, Fenix International, invested roughly $19.9 million in Ethereum during 2021–2022.

By November 30, 2022, declining crypto prices had caused an $8.45 million impairment, reducing the holdings’ reported value to $11.4 million, though the company still retained the assets with no stated restrictions on selling.

Fenix has previously explored Ethereum-based NFTs for profile pictures, signaling ongoing interest in crypto despite its volatility.

No updates confirm whether the company sold or continued holding its Ethereum through to 2025, when the market turned bearish.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.