DCC - DigitalX Limited

[frugal.rock]

I remember looking at this 3 weeks ago or so, when it was 6.8 cents.
I was wondering why it hadn't gone up, and had meant to watch it closely... I then forgot what ticker it was. ??

 

[Dona Ferentes]

I remember looking at this 3 weeks ago or so, when it was 6.8 cents.
I was wondering why it hadn't gone up, and had meant to watch it closely...

It seems DCC tried for one more surge, but that was about it. So far, 2022 is a bit of a slider

when I see announcements like
"Fund Tokenisation Proof of Concept Completed on ASX Synfini"
and
"Launch of Ethereum Validator Node to Generate Revenue"
... and not even Market Sensitive, it suggests they're burning money. And even putting these into Google Translate, I'm left bewildered.

 

[frugal.rock]

A hint of a rise in spitcoin and look what this does. Outrageous I tells ya.

 

[frugal.rock]

A hint of a rise in spitcoin and look what this does. Outrageous I tells ya.

De ja poo

 

[noirua]

DigitalX Bitcoin Fund jumps 5.3pc in November

DigitalX (ASX:DCC) has released its monthly update to shareholders, revealing the DigitalX Bitcoin Fund increased 5.3 per cent for the month ending November 2023.

themarketherald.com.au

• December 8, 2023
  • DigitalX releases its monthly update to shareholders, revealing the DigitalX Bitcoin fund increased 5.3 per cent for the month ending November 2023.
  • The fund experienced a 9.4 per cent increase compared to an increase of 15.5 per cent for the S&P Cryptocurrency Top 10 EWI
  • DigitalX has continued to rally throughout November as time moves closer to the potential release of the first-ever spot bitcoin ETF
  • SQM Research has acclaimed the company’s bitcoin fund as the top-performing fund over a three-year period among those it examined

 

[qldfrog]

received today notification of a SPP at $0.046 a pop..
looking at the SP, I find this a bit rich so will pass (in blue the SPP offer)

happy to discuss different views..

 

[greggles]

The DCC share price has been surging recently on the back of a surging Bitcoin price. I'm betting that Bitcoin will reach new all-time highs in March and that DCC will see similar gains.

DCC had Bitcoin and digital asset holdings of $23.6 million as of 1 January 2024. These holdings would be worth much more today and will hopefully be worth even more at 31 March 2024.

 

[kenny]

I don't know much about DCC and how their fund values their holdings and how they are secured. It is a viable competitor to the new ETF's recently approved in the US?

 

[Dona Ferentes]

received today notification of a SPP at $0.046 a pop...

and now , resting at $0.086...
trading halt is requested pending an announcement by the Company in connection with an equity raising to be undertaken by way of a placement.

 

[debtfree]

The DCC share price has been surging recently on the back of a surging Bitcoin price. I'm betting that Bitcoin will reach new all-time highs in March and that DCC will see similar gains.

DCC had Bitcoin and digital asset holdings of $23.6 million as of 1 January 2024. These holdings would be worth much more today and will hopefully be worth even more at 31 March 2024.

From Market Index Wrap this morning by Kerry Sun.

Crypto: Bitcoin rallied 4.3% overnight to US$70,090. I'm keen to see how DigitalX (ASX: DCC) trades. It's a $50m market cap digital asset manager and also holds 114.9 Bitcoin and 129 Ethereum.
The company recently (18 March) completed a private placement for $5.3 million at 6.7 cents per share or a 19.2% discount to pre-raise prices.

Chart update

 

[greggles]

From Market Index Wrap this morning by Kerry Sun.

Crypto: Bitcoin rallied 4.3% overnight to US$70,090. I'm keen to see how DigitalX (ASX: DCC) trades. It's a $50m market cap digital asset manager and also holds 114.9 Bitcoin and 129 Ethereum.
The company recently (18 March) completed a private placement for $5.3 million at 6.7 cents per share or a 19.2% discount to pre-raise prices.

Chart update

View attachment 173399

It's been up then down like a roller coaster this month. It was going well early on but it dived mid-month with the CR announcement being like a wet blanket. I don't think it's got anything left in the tank this month but it might do better in April.

 

[peter2]

DCC for the Nov 24 monthly romp.
Holder of digital assets including bitcoin and administers the bitcoin ETF - BTXX (very low volume traded).

BTC is trading around all time highs and may rally hard on a Trump election win (early Nov.).

 

[frugal.rock]

I saw DCC yesty in my watchlist and noticed it hadn't responded to spitcoin.
Similar thoughts though as above.

 

[frugal.rock]

New all time high. ~75,500
Hopefully it sticks a bit this time.