DigitalX Denies Wrongdoing in ASX Director Trading Probe

DigitalX Limited (ASX:DCC), an Australian Securities Exchange-listed blockchain and digital asset investment firm, has strongly refuted allegations of policy breaches following a regulatory probe into director share purchases. The inquiry centers on transactions by non-executive director Ieva Guoga, who reportedly bought 3 million shares before a May 29, 2025, announcement of an $11.6 million Solana token acquisition, as reported by The Australian Financial Review. The ASX also questioned dealings involving her father, Antanas “Tony G” Guoga, DigitalX’s largest shareholder with a 15% stake.

DigitalX asserts that all trades complied with its securities trading policy and ASX listing rules, requiring directors to secure clearance and adhere to designated trading windows to prevent insider trading. A company spokesperson told Decrypt that while Ieva Guoga’s requests did not precisely match policy wording, no illegality occurred, and the board is enhancing processes to avoid future scrutiny.

The probe remains in early stages, with no formal charges issued. DigitalX is cooperating fully with the ASX and expects a swift resolution. The company’s proactive transparency has helped maintain investor confidence, with its share price showing minimal volatility, closing at $0.071 on June 6, 2025.

Amid the inquiry, DigitalX is advancing its “21 Hundred” strategy, aiming to quadruple its Bitcoin holdings from 500 to 2,100 BTC by 2027. The firm, Australia’s only ASX-listed crypto fund manager, also launched its Bitcoin ETF (ASX:BTXX) and a RegTech app, Drawbridge, reinforcing its blockchain innovation focus.

Analysts suggest the probe is unlikely to derail DigitalX’s growth in digital asset management and blockchain technology, provided no significant violations are found. Investors await further updates as the company navigates this regulatory challenge.