DigitalX Announces On-Market Share Buyback Amid Cashflow Positive Quarter
DigitalX (ASX:DCC) has reported its first cashflow-positive quarter in June 2026, with cash and equivalents exceeding $30 million. The company announced an on-market share buyback at the maximum size permitted without further shareholder approval.
The buyback program marks a notable shift in tone for DigitalX, which has spent years navigating volatile crypto markets. Management described it as a signal of board confidence in the company's long-term value.
DigitalX retains a substantial Bitcoin treasury while pursuing market-neutral yield strategies. The company sold 120 Bitcoin at an average price of roughly $65,281, raising approximately $7.83 million, while retaining more than 280 Bitcoin.