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Digital Commodities Increases Bitcoin Holdings Through Purpose Bitcoin ETF Investment
Newsfileยท 2025-10-28 12:30
Core Viewpoint - Digital Commodities Inc. has increased its Bitcoin holdings through the purchase of units in the Purpose Bitcoin ETF, reflecting its strategy to invest in scarce, non-fiat assets as a hedge against monetary debasement [1][2][4]. Investment Details - The company acquired 17,023 units of the Purpose Bitcoin ETF at an average price of C$20.79 per unit, totaling approximately C$354,000, which adds the equivalent of 2.2 Bitcoin to its holdings [1][2]. - The average underlying Bitcoin purchase price for this transaction is approximately US$115,000 per BTC, inclusive of all costs and fees [2]. Total Bitcoin Exposure - Following this transaction, Digital Commodities' total Bitcoin exposure, both directly and via exchange-traded funds, now exceeds 13 Bitcoin [3]. Strategic Focus - The investment aligns with the company's ongoing strategy of building exposure to scarce, non-fiat assets that serve as stores of value and hedges against monetary debasement [2][4]. - The CEO of Digital Commodities expressed confidence in Bitcoin's long-term relevance as a resilient asset class and its role as a core digital store of value [4]. Company Overview - Digital Commodities Inc. focuses on investments in Bitcoin, gold, and selective public and private companies, aiming to build long-term value through disciplined exposure to non-fiat assets [4].