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ASX Divests Stake in Digital Asset Holdings for $57 Million
ASX Divests Stake in Digital Asset Holdings for $57 Million
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The Australian Securities Exchange (ASX) has finalized the sale of its stake in Digital Asset Holdings, LLC, netting approximately $57 million. The transaction, set to be reflected in ASX''s FY25 financials, yields a pre-tax gain of $42 million against the current carrying value. Notably, the sale price represents a $10 million premium over the original acquisition cost.
Proceeds will be booked directly to equity via the asset revaluation reserve, maintaining the accounting treatment applied during ASX''s ownership period. The divestment marks a strategic portfolio adjustment for the exchange operator as digital asset markets continue evolving.
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