DigitalX (ASX:DCC) provided an update to shareholders on its funds under management and value of Bitcoin and digital asset holdings as of the end of December 2022.
The DigitalX Bitcoin Fund declined 0.3% for the month and the DigitalX Fund fell 3.7%, while the S&P Cryptocurrency Top 10 Equal Weight Index (“Index”) declined 14.0%.
DigitalX's holdings of Bitcoin and digital assets totaled $10.9 million, and their total funds under management totaled $11.9 million.
The active DigitalX Fund strategy outperformed the Index due to their relatively conservative portfolio composition and higher allocations to Bitcoin and Ethereum.
DigitalX is actively managing their treasury assets and optimizing investment opportunities for shareholders.
Investment themes include real world asset tokenization, decentralised data, digital identity opportunities and Web3.0 infrastructure.
Following the announcement, shares of DigitalX were up 3.33%.