Private Placement Targeting $3 Million to Boost Bitcoin Holdings
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 $3 million in gross proceeds. Each unit includes one common share and one common share purchase warrant, with proceeds to be used specifically for expanding the company’s Bitcoin treasury holdings.
Transition from XRP to Bitcoin, Now Holds 2 BTC
The announcement follows the company’s recent move to convert its XRP holdings into Bitcoin. As of June 23, Digital Commodities now holds two BTC at an average cost of US$101,365 per BTC. “This $3 million financing is a significant step in our strategy to build a meaningful, treasury-grade Bitcoin position,” said CEO Brayden Sutton. “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.”
Warrant Acceleration Clause and Issuance Details
The company noted that the warrants may be subject to acceleration if shares of Digital Commodities 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. 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. Finder’s fees may be paid in connection with the placement, in line with Canadian Securities Exchange (CSE) policies. “This is the next step in our long-term digital asset strategy,” stated Sutton. “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.”