DigitalX Limited (ASX:DCC) Treasure and Fund Update for December 2024
Treasury Holdings Summary
DigitalX Limited (ASX:DCC) has reported a total treasury holding value of A$65.0 million as of 31 December 2024. The breakdown includes Spot Bitcoin valued at A$12.1 million, Spot Solana at A$4.6 million, and DigitalX Bitcoin ETF Units at A$29.5 million, among other assets. This month marks the beginning of staking strategically for additional yield generation, particularly with Solana and Ethereum.
Treasury Strategy Update
In response to recent findings, DigitalX’s treasury strategy expanded to include Solana, reinforcing the company’s focus on sustainable investment practices. The initiative aims to utilise staking in proof-of-stake networks, positioning the company to potentially recover an additional 41.98 Bitcoin from the Mt Gox administrators in 2025. Throughout December, A$5.3 million had been staked in cryptocurrency validators.
Fund Performance Overview
DigitalX’s fund information shows a total assets under management (AUM) of A$60.9 million. Despite a challenging environment in December marked by volatility, the DigitalX Bitcoin ETF (BTXX) increased by 2% over the month and has surged by 79.8% since its inception in July 2024. In contrast, the DigitalX Fund (DXF) reported a decline of 1% but still achieved a remarkable annual increase of 35.1%. CEO Greg Dooley commented on the performance, noting the resilience of digital assets amidst shifting market conditions.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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