Strategic Acquisitions, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 15, 2021 at 05:30 pm EST
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Strategic Acquisitions, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported net loss was USD 0.004627 million compared to USD 0.007753 million a year ago.
For the nine months, net loss was USD 0.018353 million compared to USD 0.038137 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.02 a year ago.
Strategic Acquisitions, Inc., through its subsidiary, Exworth Union Inc (Union), is engaged in providing loans collateralized by digital assets. The Company originates United States (US) dollar-denominated loans and offers loans to both individual and business borrowers who own digital assets and desire to borrow against such digital assets rather than selling them. Borrowers that receive loans from the Company are required to transfer a specified value of digital assets to the Company to be held as collateral and security for the repayment of the loans. Upon maturity and repayment of a borrowerâs loan, the digital asset collateral is returned to the borrower. The Company also provides loan administration services to borrowers and lenders. The Company offers processing loan payments, forwarding information to counterparties, responding to inquiries, keeping loan profile records, preparing loan statements, and managing bank accounts and collateral accounts.
STRATEGIC ACQUISITIONS, INC. 
