**Digital Commodities Raises $3 Million to Boost Bitcoin Holdings**
Digital Commodities Capital Corp. (CSE: DIGI) has announced a non-brokered private placement aiming to raise $3 million by offering up to 20 million units at a price of $0.15 per unit. Each unit consists of one common share and one common share purchase warrant, with the funds earmarked for expanding the company’s Bitcoin treasury.
This announcement comes shortly after Digital Commodities converted its XRP holdings into Bitcoin, marking a strategic shift in its asset management. As of June 23, the company holds two BTC, acquired at an average cost of $101,365 per Bitcoin.
Brayden Sutton, CEO of Digital Commodities, emphasized the importance of this financing in their strategy to establish a substantial Bitcoin position. “As long-time participants in digital asset markets, we have a strong belief in Bitcoin’s role as a store of value and a hedge against inflation. This capital will help us create sustainable long-term value for our shareholders,” Sutton stated. He also highlighted the company’s commitment to building high-quality Bitcoin exposure through a disciplined and transparent approach.
The company noted that the warrants could be accelerated if Digital Commodities shares trade at or above $0.45 for ten consecutive trading days, allowing for a potential early expiry of the warrants.
“This financing is a crucial step in our long-term digital asset strategy,” Sutton added. “By swapping XRP for Bitcoin, we significantly enhance our position. We consider Bitcoin to be the most resilient, liquid, and institutionally recognized digital asset available today. Our objective is to continue increasing our Bitcoin exposure in a careful, non-dilutive manner while also pursuing creative acquisitions.”
The proceeds from this financing will be directed towards bolstering the company’s Bitcoin treasury, further advancing its digital asset strategy. Finder’s fees may be applicable in accordance with Canadian Securities Exchange (CSE) regulations.
Securities issued under this financing will be subject to a statutory hold period of four months and one day, in compliance with applicable securities laws, as well as a concurrent four-month hold period mandated by CSE policies.
**FAQ**
**What is Digital Commodities’ strategy for Bitcoin?**
Digital Commodities aims to build a significant Bitcoin treasury by raising capital through private placements and converting other digital assets, like XRP, into Bitcoin to enhance their position in the market.
