TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
DigitalX Limited ( (AU:DCC) ) has issued an announcement.
DigitalX Limited has announced an expansion of its trading activities to support its Bitcoin-first strategy, aiming to strengthen its position as Australia’s leading Bitcoin treasury company. The company plans to enhance operational profitability and accelerate progress towards its target of holding 2,100 Bitcoin by 2027 through diversified revenue streams and strategic trading activities. This expansion includes the development of new Bitcoin-related products and services, leveraging institutional-grade practices for risk management, and adhering to regulatory guidelines. These efforts are expected to enhance shareholder value and support long-term growth.
More about DigitalX Limited
DigitalX Ltd is a leading Australian digital investment manager and the only ASX-listed crypto fund manager. It has been publicly listed for over six years, delivering strong results in digital asset management. The company manages Australia’s first ASX-listed spot Bitcoin ETF and employs a Bitcoin Treasury strategy to generate value for shareholders. Its primary clients include domestic individual wholesale investors and family offices.
YTD Price Performance: 22.22%
Average Trading Volume: 6,381,956
Technical Sentiment Signal: Buy
Current Market Cap: A$98.26M
Learn more about DCC stock on TipRanks’ Stock Analysis page.