DigitalX Limited (ASX:DCC) Appoints New Interim CEO and Updates Treasury Holdings
Appointment of Interim CEO
DigitalX Limited has appointed Mr Demetrios Christou as Interim CEO effective from 3 March 2025, succeeding Mr Greg Dooley who will continue as a Non-Executive Director. Mr Christou will receive a salary of $350,000 per annum and is entitled to 2.5 million options exercisable at $0.10 within two years. During his tenure, Mr Christou has helped reduce overall costs by 3% and drive revenue growth. The Board is currently assessing candidates for a permanent CEO and remains confident in the company’s strategic direction and team performance.
Treasury Holdings
As of 28 February 2025, DigitalX’s treasury holdings totaled $59.1 million, comprising Spot Solana valued at $14.0 million, Spot Bitcoin at $11.0 million, DigitalX Bitcoin ETF Units at $26.5 million, DigitalX Fund Units at $4.5 million, and $3.0 million in cash. The company added 17,396 SOL and generated 667 SOL through staking in February, achieving a staking yield of 9.6% p.a., surpassing the network average. Despite Bitcoin and Solana experiencing significant price declines of 19.4% and 42.8% respectively, DigitalX’s treasury remained unaffected by the recent A$2.3 billion Ethereum token hack at Bybit, highlighting the importance of institutional-grade custody solutions.
Motley Fool contributor Lianne Eastty 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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