AI assistant
DIGITALX LIMITED — Capital/Financing Update 2024
Dec 4, 2024
64762_rns_2024-12-04_97304a7e-df0a-48f9-8194-331ca834fec9.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [139 x 26] intentionally omitted <==
ASX ANNOUNCEMENT 5 DECEMBER 2024 NOVEMBER BITCOIN AND DIGITAL ASSET EXPOSURE
DigitalX Limited ( ASX:DCC, OTCQB: DGGXF ) (“ DigitalX ”, “ the Company ”) provides the following monthly update to shareholders regarding its funds under management (FUM) and the value of Bitcoin and digital asset holdings as at the end of November 2024.
Digital asset performance was very strong over the month of November. The DigitalX Bitcoin Fund (“ DXBF ”) rose 33.8% and is now up 133.0% on a calendar year to date basis. The DigitalX Fund (“ DXF ”) increased 31.9% (after management and performance fees) in November and is up 81.1% over the calendar year. Digital assets outperformed the All Ordinaries Index which increased 3.3% over the month and AUD gold, which fell 2.9%.
Following the recent US election outcome, digital asset prices surged with Bitcoin reaching a new all-time high of US$99,600 in November. The Bitcoin price then retreated to below US$92,000 as traders took profit however the price rebounded and stabilised at around US$95,500 by the end of the month. Following this positive price appreciation, Bitcoin is now the 7th largest asset globally (source).
The S&P Cryptocurrency Top 10 Equal Weight Index (AUD) (“Index”) increased 65.9% in November with large price increases in some of the Index constituents, including XRP (+255.3%), ADA (+216.0%) and DOGE (+163.5%), driven mostly by speculative market activity and anticipation of potential favourable developments from Trump’s administration in relation to these assets.
DigitalX Asset Management's investment process is guided by a top-down and bottom-up approach, which ensures that we identify and invest in high-quality assets that demonstrate sound fundamentals, including an experienced team, robust tokenomics, increasing on-chain activities, an engaged user community and a clear roadmap for development. This rigorous investment selection process ensures the actively managed DigitalX Fund holds a portfolio of assets with strong potential for sustainable growth. While our strategy may not capture every short-term market movement, particularly those driven by speculative factors, it is designed to deliver resilient and consistent performance over the long term.
For information on the DigitalX digital asset funds please visit www.digitalx.com/funds/
DigitalX Limited | ASX:DCC | 59 009 575 035 | Suite 2, Level 4, 66 Kings Park Road West Perth WA 6005 | digitalx.com
==> picture [139 x 26] intentionally omitted <==
DIGITALX HOLDING (AS AT 29 November 2024)
| $AUD | |
| DigitalX Bitcoin and digital asset holdings1,2 | $52.4m |
FUNDS UNDER MANAGEMENT (AS AT 29 November 2024)
| $AUD | |
| Total funds under management3 | $58.9m |
HISTORICAL FUND PERFORMANCE[4 ] (AS AT 29 November 2024)
| Performance over time (net of fees) | Bitcoin Fund | DigitalX Fund |
| October | 33.8% | 31.9% |
| Year to date (calendar) | 133.0% | 81.1% |
| 3-Month | 68.0% | 58.7% |
| 6-Month | 41.9% | 22.3% |
| 12-Month | 153.9% | 110.6% |
| 2-Year | 478.6% | 276.9% |
| 3-Year | 72.9% | (1.6%) |
| 5-Year | N/A | 860.3% |
| Total Return Since Inception | 1,197.9% | 354.3% |
| Annualised Return Since Inception | 68.4% | 25.8% |
MONTHLY PERFORMANCE COMPARISON (FOR THE MONTH OF NOVEMBER)
| Asset class | Performance % |
| Bitcoin Fund | 33.8% |
| DigitalX Fund | 31.9% |
| S&P Cryptocurrency Top 10 Equal Weight Index (AUD) | 65.9% |
| Gold5 | (2.9%) |
| Equities (All Ords)6 | 3.3% |
1 Includes ~114.9 Bitcoin and ~129.0 Ethereum held as corporate treasury and DigitalX’s unit holding in the funds at month end.
-
2 Excludes cash at bank.
-
3 All data based on unaudited Net Tangible Asset (NTA) calculations prepared by the fund administrators at 29 November 2024.
-
4 Past performance is not indicative of future performance.
-
5 Based on AUD price at 29 November 2024 per https://www.perthmint.com/historical_metal_prices.aspx.
-
6 Based on closing price of All Ords Price Index per https://www2.asx.com.au/about/market-statistics/historical-market-statistics.
DigitalX Limited | ASX:DCC | 59 009 575 035 | Suite 2, Level 4, 66 Kings Park Road West Perth WA 6005 | digitalx.com
==> picture [139 x 26] intentionally omitted <==
For further information, please contact:
Investor Enquiries Media Enquiries DigitalX Limited Third Hemisphere Greg Dooley Jeremy Liddle Interim Chief Executive Officer Managing Director E: [email protected] T: +61 480 097 479 E: [email protected]
About DigitalX
DigitalX Limited (ASX: DCC) is a technology and investment company focused on growing the blockchain economy through its digital asset funds management business, digital fintech and regtech products, and blockchain ventures.
DigitalX’s product team designs and develops blockchain technology applications for business and enterprise organisations.
Through its asset management division, DigitalX provides low-cost traditional asset management products for qualified investors looking to gain exposure to the growing alternative asset class of digital assets, including Bitcoin.
DigitalX is currently commercialising Drawbridge, the Company’s first regtech solution which is supporting listed companies to better manage their compliance and corporate governance policies. With Drawbridge, companies can manage employee and director share trading approvals in order to safeguard their reputations.
www.digitalx.com | www.opendrawbridge.io | www.sellmyshares.com.au
DigitalX Limited | ASX:DCC | 59 009 575 035 | Suite 2, Level 4, 66 Kings Park Road West Perth WA 6005 | digitalx.com