Ok, shame it touched 30c and couldn't sustain it. Huge volume,...

Ok, shame it touched 30c and couldn't sustain it. Huge volume, for DCCs standard.

Let's not be mistaken: this is basically the restart of DigitalX direct, but perhaps under a different brand / with some slight modifications.

DigitalX Direct used to yield 16M in revenue and some nice P&L. The capital committed is the question mark: does it mean they'll only ever be long / short 1M worth of Bitcoin? Or it is a capital buffer, i.e. a loss protection, "max they're willing to lose" , based on some Bitcoin volatility estimate?

If it's the latter, we're looking at similar revenues to what we used to see with Direct. If it's the former, we're looking at small operation to start with, but it's a good start!

Either way, the next quarterly and the one after that will be very interesting. I am sticking to my plan: hold till Feb ~Jun, and re-evaluate then.

GLTA

J.