Financing Details: $3 Million Non-Brokered Private Placement
Digital Commodities Capital Corp. (CSE: DIGI) has announced a non-brokered private placement of up to 20 million units at $0.15 per unit, targeting gross proceeds of $3 million. Each unit consists of one common share and one common share purchase warrant. The proceeds are specifically earmarked for expanding the company's Bitcoin treasury holdings. The announcement follows the company's recent conversion of its XRP holdings into Bitcoin. As of June 23, Digital Commodities holds two BTC at an average cost of US$101,365 per BTC.
CEO Strategic Vision: Bitcoin as the Premier Digital Asset
CEO Brayden Sutton stated, "This $3 million financing is a significant step in our strategy to build a meaningful, treasury-grade Bitcoin position. As long-time participants in digital asset markets — and with deep conviction in Bitcoin's role as a store of value and hedge against inflation — we believe this capital will drive sustainable long-term value for our shareholders. We remain focused on building high-quality BTC exposure through a disciplined, transparent, and non-dilutive approach." Sutton further noted, "We believe swapping XRP for Bitcoin improves our position considerably. We view Bitcoin as the most durable, liquid, and institutionally recognized digital asset in the market today. Our goal is to continue building exposure to Bitcoin in a deliberate, non-dilutive fashion — while also accelerating this momentum through creative, non-dilutive acquisitions already in motion."
Acceleration Clause and Lock-Up Period
The warrants are subject to acceleration if Digital Commodities shares trade at or above $0.45 for 10 consecutive trading days. In that event, the company may, via news release, accelerate the warrant expiry to 30 days from the date of notice. The press release noted that securities issued under the financing will be subject to a statutory hold period of four months and one day in accordance with applicable securities laws and a concurrent four-month hold period imposed under CSE policies, each commencing on the date of issuance. Finder's fees may be paid in connection with the placement, in line with Canadian Securities Exchange policies.