- Digital Commodities Capital Corp. (DGCMF, Financial) acquires an additional 6.2938 Bitcoin for C$1,014,786.
- New acquisition raises total Bitcoin holdings to 8.69 BTC, with an average cost of C$160,590 per BTC.
- Transaction aligns with the company's strategy to prioritize non-fiat assets for future capital deployment.
Digital Commodities Capital Corp. (OTCQB: DGCMF) has taken a significant step in bolstering its cryptocurrency portfolio by acquiring 6.2938 Bitcoin (BTC) at a total purchase price of C$1,014,786. The acquisition was facilitated through Coinsquare's regulated OTC trading desk, ensuring a compliant and secure transaction. The average purchase price amounted to C$161,234 per BTC, inclusive of all costs and fees.
Following this strategic acquisition, the company's total Bitcoin holdings have increased to 8.69 BTC. The average cost base for these holdings now stands at C$160,590 per BTC. This move is part of Digital Commodities' ongoing initiative to invest in non-fiat, hard, and digital assets, viewing them as functional alternatives to traditional currency for future capital deployment opportunities.
Brayden Sutton, Founder and CEO of Digital Commodities, emphasized the company's belief in Bitcoin as a dependable and resilient form of value. He stated, "This latest acquisition reinforces our conviction in Bitcoin as a powerful alternative to fiat currency, enhancing our ability to pursue new opportunities with agility and independence."
Digital Commodities is committed to building a differentiated capital platform, focused on utilizing Bitcoin and gold as stores of value. The company's strategy is guided by a sound money philosophy, aiming for long-term value creation through disciplined and transparent asset management.
