DigitalX Defends Director’s Share Purchases Amid ASX Scrutiny – Ties to Major Shareholder Under Fire
ASX-listed crypto asset manager DigitalX pushes back against allegations of policy breaches—claims its director’s share buys were above board. Critics question cozy ties with a major shareholder.
The Backlash:
Investors raise eyebrows as insider activity coincides with volatile crypto markets. 'Transparency or tactical maneuvering?' asks one skeptical trader.
The Defense:
DigitalX insists compliance was flawless—no rules broken, no favors traded. Yet market watchers aren’t buying it (pun intended).
The Punchline:
Another day, another gray area in crypto’s wild west. Regulators sharpen their pencils—just don’t expect them to write checks.
DigitalX Appoints Ieva Guoga to Board Amid Leadership Reshuffle
Ieva, 26, joined the board in mid-May alongside new chairman Leigh Travers, replacing outgoing chair Toby Hicks and non-executive director Davide Bosio.
In a letter dated July 28, the ASX asked whether her trades met policy requirements.
DigitalX responded that she had sought permission from both the chair and company secretary but was unable to log the trades through its internal platform due to system updates following the closure of the CHESS clearing system.
While admitting she “did not comply strictly” with all provisions of the trading policy, the company said no laws or listing rules had been breached.
It argued the May 29 announcement was not price-sensitive, describing it as confirmation of an already disclosed Solana acquisition strategy.
The stock moved only marginally that day, closing at $0.068 after a brief 3% rise, and ended last week at $0.073.
DigitalX Launches the 21 Hundred Strategy.
DigitalX is proud to unveil our 21 Hundred strategy, formalising our Bitcoin-first approach and reinforcing our commitment to Bitcoin as a long-term store of value.
From approximately 500 BTC today, we are targeting 2,100 BTC by the… pic.twitter.com/sNX6INdnu1
A company spokesman told the ASX her request “did not match word-for-word” the policy’s requirements but stressed that DigitalX remains committed to enforcing its rules, using the episode as an opportunity to improve processes.
ASX Probes DigitalX Dealings With Major Shareholder Antanas Guoga
The ASX also examined the company’s dealings with Antanas Guoga, who signed a strategic advisory agreement with DigitalX in December 2024, before Ieva’s appointment.
He was granted 25 million options exercisable in two years and began buying shares in January, now holding roughly 15% of the Perth-based firm.
He is also chairman and major shareholder of Canadian-listed SOL Strategies, which in May secured a 12-month exclusive Solana staking agreement with DigitalX.
DigitalX defended the partnership, saying SOL Strategies offered better performance, higher staking rewards, and lower fees than competitors.
“The non-conflicted directors of the company are comfortable that the transaction undertaken was in the interests of DigitalX shareholders,” the spokesman said, adding that Antanas has invested significant capital but holds no operational role in the company.
In July, DigitalX secured AU$20.7 million ($13.5 million) in strategic investment from global crypto players to expand its bitcoin treasury.
The strategic investment saw major participants including Animoca Brands, UTXO Management and ParaFi Capital.
