ASX-Listed DigitalX Denies Policy Breach in Director Trades Probe
Main Idea
DigitalX Limited denies allegations of policy breaches regarding director Ieva Guoga's share purchase ahead of a Solana token acquisition announcement, while also announcing plans to expand its Bitcoin holdings.
Key Points
1. The ASX queried DigitalX about the timing of director Ieva Guoga's purchase of 3 million shares before a May 29 announcement of an $11.6 million Solana token (SOL) acquisition.
2. DigitalX denies any policy breaches, stating that Guoga complied with the company’s Securities Trading Policy, though the ASX's requests did not match the policy word-for-word.
3. DigitalX announced plans to increase its Bitcoin holdings from 500 BTC to 2,100 BTC by 2027 under its '21 Hundred' strategy.
4. Ieva’s father, Antanas Guoga, is DigitalX’s largest shareholder (15%) and chairs SOL Strategies, which has a 12-month deal to provide Solana staking services to DigitalX.
5. The ASX has not yet responded to requests for comment on the matter.
Description
The ASX-listed crypto investment manager has defended its director's share trades while outlining plans to quadruple its Bitcoin holdings.
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