Strategic Acquisitions, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 14, 2020 at 09:19 pm IST
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Strategic Acquisitions, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced net loss was USD 12,691 compared to USD 24,903 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago. For the half year, net loss was USD 30,384 compared to USD 56,098 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. 
