What happened to the DigitalX share price?
Shares of DigitalX Ltd [ASX:DCC], the only bitcoin-related company on the ASX, gained more than 18% in morning trade today. It’s sitting at 4 cents at time of writing.
Why did Digital X shares do this?
There have been no announcements, however, with bitcoin at record highs and the company poised to complete a $4 million strategic investment from Blockchain Global, investors have taken notice.
With over four million shares changing hands so far, it is poised to be a bumper day for DigitalX.
What now for DigitalX?
With cryptocurrencies such as bitcoin currently surging on a renewed wave of optimism, DigitalX has an opportunity in the investment spotlight.
In the past, its strategic moves have failed miserably. But, with a renewed management team, the involvement of new partners, and a maturing industry, it might be time to take a look at this company as it sets forth its new strategic direction.
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