Digital Currency X prices $5M direct offering to fund crypto treasury push
What's the deal? Digital Currency X TechnologyDealroom has a profile for this one. Try Dealroom → (Nasdaq: DCX) has priced a $5 million registered direct offering, selling 23,809,530 ordinary shares to institutional investors at $0.21 per share. Each share comes with one Series A and one Series B warrant. The offering is expected to close on or about September 21, 2026.
Who's involved? Maxim Group LLCDealroom has a profile for this one. Try Dealroom → is acting as sole placement agent. The Series A warrants carry a $0.44 exercise price and expire in five years; the Series B warrants are priced at $0.21 and expire in 30 days.
What's the endgame? DCX is a Cayman Islands company headquartered in Hong Kong that pivoted to digital assets after divesting its former China-based automotive business. It now runs the DexTraderDealroom has a profile for this one. Try Dealroom → platform for on-chain data alongside treasury and ecosystem initiatives.
Where the money goes: DCX plans to use net proceeds for working capital and general corporate purposes. That may include acquiring, custodying, staking, and managing digital assets, plus insurance for its directors and officers.
Why now? The raise lands as a quick re-raise, with DCX tapping a shelf registration the SEC declared effective in August 2024. The 30-day life of the Series B warrants points to a push for fast, additional capital.
The signal: Digital asset treasury companies are increasingly using registered direct offerings and warrant-heavy structures to keep buying crypto. DCX's small, dilutive raise shows how quickly some players are returning to public markets to fuel those balance-sheet strategies.
Read more: pr.sandyjournal.com
Image credit: @yakobusan Jakob Montrasio
