DigitalX Reports A$60.7 Million in Assets and A$26.5 Million in Bitcoin Treasury Holdings

DigitalX reported total cash, digital assets and investments of A$60.7 million as of September 30, up about A$5.8 million from the previous quarter, with Bitcoin treasury holdings valued at about A$26.5 million. According to Foresight News, the Australian crypto asset manager’s September-quarter report showed cash and cash equivalents rose to A$32.3 million, with no debt, mainly following the sale of 80 Bitcoin and other digital assets in July. The Bitcoin treasury consisted of 30 Bitcoin held directly and about A$22.9 million in DigitalX Bitcoin Fund units. The company completed an on-market buyback of 120 million shares, returning A$3.1 million to shareholders at a price about 30% below net asset value, and plans to seek approval for another 120 million-share buyback at its November 26 shareholder meeting. Its DigitalX Bitcoin ETF returned 42% for the quarter, lifting net assets to A$45 million. DigitalX plans to continue pursuing A$30 million in AI and blockchain investment acquisitions. On October 16, it sold about 30 Bitcoin at an average price of approximately US$82,000 each.