Business
DigitalX (ASX:DCC) share price rockets 13% on quarterly update
The DigitalX Ltd (ASX: DCC) share price is storming higher towards the end of market trade. This comes after the blockchain and asset management services company released its March quarterly report for the FY21 year.
The DigitalX share price is swapping hands for 7.8 cents apiece at the time of writing, up 13%.
How did DigitalX perform?
For the quarter ending 31 March 2021, DigitalX delivered strong growth across all key metrics.
Liquid assets for the period increased to $46.4 million, representing a 122% jump from the prior quarter (December 2020). The result came from a strong performance of Bitcoin (CRYPTO: BTC), the DigitalX digital assets funds, and proceeds of a capital raise.
Cash receipts lifted to $265,000 for the 3…
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