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Digital Commodities Increases Bitcoin Holdings Through Purpose Bitcoin ETF Investment
Newsfile· 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].
Digital Commodities Announces Closing of Final Tranche of Fully Subscribed $2 Million Private Placement
Newsfile· 2025-07-14 17:57
Core Viewpoint - Digital Commodities Capital Corp. successfully closed the second and final tranche of its non-brokered private placement, raising a total of $2 million, indicating strong investor interest in the company's strategy and outlook [1][2]. Financing Details - The second tranche involved the issuance of 13,333,332 units at a price of $0.075 per unit, generating gross proceeds of $1 million [3]. - Each unit consists of one common share and one common share purchase warrant, with warrants exercisable at $0.10 for two years [3]. - The company paid finders fees totaling $13,680 in cash, along with 1,066,666 common shares and 1,249,066 finder warrants [5]. Strategic Investor Participation - Mogo Inc. participated as a strategic investor with a cornerstone investment of $1 million, reflecting confidence in Digital Commodities' approach to leveraging non-fiat assets [2]. Use of Proceeds - The net proceeds from the financing will be utilized to advance a dual-pronged treasury strategy focused on acquiring Bitcoin and gold, which are viewed as resilient stores of value [4]. - Proceeds will also support general corporate purposes [4]. Company Overview - Digital Commodities is focused on building a differentiated capital platform primarily centered on acquiring Bitcoin and precious metals, aiming to establish a non-fiat asset base for long-term value creation [10].