Australian-listed digital asset investment manager DigitalX Limited has rejected allegations of breaching trading rules after the Australian Securities Exchange (ASX) reviewed recent transactions by its director Ieva Guoga and her dealings with major shareholder Antanas “Tony G” Guoga, who is also her father.

Investigation Into Trades Before Solana Acquisition

According to Australian media, the exchange questioned the timing of Ieva Guoga’s purchase of 3 million DigitalX shares, allegedly made shortly before the May 29 announcement of the company’s acquisition of Solana (SOL) tokens worth $11.6 million. The ASX sought clarification on whether these trades were based on non-public information and examined transactions involving her father.

DigitalX stated that all trades were conducted in compliance with both its internal securities trading policy and ASX listing requirements. However, the company acknowledged it would use this opportunity to further strengthen its processes and oversight.

How the Trading Policy Works

DigitalX’s trading policy defines approved trading windows for insiders and requires prior approval from company executives before buying or selling shares. The goal is to prevent trading at times when insiders might possess significant, undisclosed information that could affect share prices.

The company noted that while it is confident the trades were lawful, it considers it appropriate to tighten its procedures to avoid similar concerns in the future.

“21 Hundred” Strategy: Bitcoin as a Treasury Core

At the same time, DigitalX unveiled an ambitious plan to quadruple its Bitcoin holdings. By 2027, the company aims to increase its reserves from approximately 500 BTC to 2,100 BTC, making Bitcoin a core asset in its corporate treasury.

Major shareholder Antanas Guoga, who holds around 15% of DigitalX’s shares, also serves as chairman of Canadian company SOL Strategies, which has an exclusive 12-month agreement to provide Solana staking services for DigitalX.

Guoga is also a non-executive director of the ASX-listed biotechnology firm Opyl, where earlier this year he facilitated a non-dilutive loan to finance Bitcoin purchases through DigitalX’s Bitcoin ETF.

Upcoming Shareholders’ Meeting

DigitalX has scheduled its annual shareholders’ meeting for September 5, where voting will take place on issuing shares and warrants to Ieva and Antanas Guoga as part of a related-party share placement.


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