Digital Commodities buys 1.86 bitcoin for $300,000

Executive Summary

• Digital Commodities Capital Corp. acquired an additional 1.86 Bitcoin for $300,000, bringing its total holdings to 10.56 BTC with an average cost basis of $159,803 per BTC.
• The company appointed Nick St. Louis as its dedicated Bitcoin Strategist to develop corporate strategy, leverage capital markets, and lead shareholder education initiatives.
• The company engaged ZH Consulting for social media management at a fee of $2,500 per month to elevate brand presence and investor engagement.

Key Details

• Bitcoin Acquisition:
  • Quantity acquired: 1.86 BTC.
  • Total purchase price: $300,000.
  • Average purchase price: $160,544 per BTC (inclusive of all costs and fees).
  • Execution venue: Coinsquare's regulated over-the-counter trading desk.
  • Funding source: Cash on hand.
• Current Holdings:
  • Total Bitcoin holdings: 10.56 BTC.
  • Average cost basis: $159,803 per BTC.
• Strategic Appointments:
  • Bitcoin Strategist: Nick St. Louis engaged to assist in developing and executing corporate Bitcoin strategy, including evaluating tools to leverage capital markets and increasing sats per share.
  • Shareholder Education: St. Louis will curate a resource library, post weekly progress updates, and record a monthly podcast with the CEO.
  • Social Media Strategist: ZH Consulting engaged for social media management across X, LinkedIn, and Instagram.
  • Contract Terms: ZH Consulting fee is $2,500 per month in cash; engagement is terminable by either party at any time; ZH Consulting is arm's length to the company.
• Strategic Rationale:
  • Acquisition aligns with the initiative to acquire non-fiat, hard, and digital assets as functional alternatives to traditional currency for future capital deployment.
  • Goal is to advance Bitcoin as a solution to fiat currency depreciation.

Notable Quotes

• "He brings a decade of bitcoin knowledge and experience as a bitcoin adviser for businesses, where he works to educate executive decision makers about money and the value of adding bitcoin to the balance sheet." (Regarding Nick St. Louis)