Northwire Canada EditionSaturday, October 17, 2026
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Other

Digital Commodities Increases Bitcoin Holdings Through Purpose Bitcoin ETF Investment

DIGI · Price

Executive Summary

  • Digital Commodities Inc. purchased 17,023 units of the Purpose Bitcoin ETF (TSX: BTCC) at an average price of C$20.79 per unit (~C$354,000).
  • The acquisition adds approximately 2.2 BTC to the company’s holdings, raising total Bitcoin exposure (direct and via ETFs) to over 13 BTC.
  • Management reaffirmed its long‑term conviction in Bitcoin as a core store‑of‑value asset.

Key Details

  • Transaction: Purchase of 17,023 Purpose Bitcoin ETF units on the Toronto Stock Exchange.
  • Average price per unit: C$20.79.
  • Total cash outlay: Approximately C$354,000.
  • Bitcoin equivalent acquired: ~2.2 BTC (average underlying purchase price ≈ US$115,000 per BTC, inclusive of all costs and fees).
  • Resulting exposure: Total Bitcoin holdings now exceed 13 BTC (combined direct and ETF positions).
  • Strategic rationale: Aligns with the company’s strategy to build disciplined exposure to scarce, non‑fiat assets that serve as stores of value and hedges against monetary debasement.

Notable Quotes

“This investment reflects our continued conviction in Bitcoin's long‑term relevance as a resilient asset class,” said Brayden Sutton, CEO of Digital Commodities.
“We remain confident in its role as a core digital store of value, and we'll continue to build disciplined exposure to both Bitcoin and other hard assets that align with our long‑term investment philosophy.”

Read the original news release →

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