Ann: Bitcoin and digital asset exposure - March 2021, page-7

They do hold gold. The value was $1,621,706 in the last half-yearly I understand from LT - due to XBullion, I would guess. They've also got what was then (31 Dec) over $2M in not BTC tokens. Plus there's the cash. They had $3.8M in the bank, at the half year. Then they did the cap raise. So add $8.8M to that, then say deduct $1.5M for burn.

So basically... given current BTC price... total market cap is represented by their actual current cash and cash equivalent holdings as I calc it - .... in fact... their holdings appear to me, to be worth more, than the market cap.

https://clients3.weblink.com.au/pdf/DCC/02346888.pdf

Don't forget, that placement was at 9c... plus a 10c warrant... so given BTC has gone up... the current shareprice is - pretty ridiculous.

The Placement will comprise the issue of 97,963,164 new fully paid ordinary shares (New Shares) at a
price of A$0.09 per New Share, representing a 2.0% discount to the volume weighted average price
(VWAP) over the previous 5 trading days on ASX.
The Company will also issue to the investors 48,981,582 warrants (Warrants), exercisable at an exercise
price of A$0.10 each, representing approximately 111% of the Placement issue price per New Share