tiprankstipranks
DigitalX Limited Issues New Shares to Strengthen Market Position
Company Announcements

DigitalX Limited Issues New Shares to Strengthen Market Position

Story Highlights
  • DigitalX Limited has issued 6,382,979 shares without disclosure under the Corporations Act.
  • This move aims to boost DigitalX’s market position and operational capabilities in digital investments.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Maximize Your Portfolio with Data Driven Insights:

  • Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
  • Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio

DigitalX Limited ( (AU:DCC) ) has shared an update.

DigitalX Limited has announced the issuance of 6,382,979 fully paid ordinary shares without disclosure under the Corporations Act, complying with relevant legal provisions. This issuance reflects the company’s ongoing efforts to manage its capital and expand its presence in the digital investment space, potentially impacting stakeholders by enhancing its operational capabilities and market positioning.

More about DigitalX Limited

DigitalX Limited, listed on the ASX as DCC, is an Australian digital investment manager and the country’s first ASX-listed crypto fund manager. With over six years of experience in digital asset management, the company has achieved notable success. Its Bitcoin Fund was rated as the top-performing fund in Australia for 2023 by Morningstar. DigitalX caters primarily to domestic individual wholesale investors and family offices, managing the first ASX-listed spot Bitcoin ETF and an actively managed crypto fund. The company leverages blockchain technology for additional value creation through digital asset staking.

YTD Price Performance: 30.0%

Average Trading Volume: 58,853

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $45.88M

Find detailed analytics on DCC stock on TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App