Morningstar Update, page-10

The BGL investment includes approx AUD$2m worth of Bitcoin which DCC say they have no near-term plans to liquidate for cash. Whilst the price of Bitcoin continues rising, the value added to DCC's MC would be similar to having cash deposits earning interest (very minimal). If anything, the potential volatility of Bitcoin presents more downside risk over holding cash and puts a discount on the company's valuation.

But having said that, @SamMichael is right in that we shouldn't value DCC based on their current working capital. It's what they do with it that counts!!!