DigitalX (ASX:DCC), an Australian digital investment firm, just made two huge additions to its board to bolster leadership as the firm continues its Solana (SOL) accumulation, which has seen DigitalX recently become a top five SOL holder.
In an X post today (May 19), DigitalX announced its appointment of former Binance Australia CEO Leigh Travers and Ieva Guoga, the daughter of SOL Strategies Chairman Tony Guoga, as non-executive directors.
We're excited to welcome Mr Leigh Travers and Ms Ieva Guoga to the DigitalX Board as Non-Executive Directors.
• Mr Travers will also assume the role of Chair of the Company. He brings deep industry experience, including his roles as former CEO of DigitalX and Binance Australia,… pic.twitter.com/OmjWJHIsiv
— DigitalX Ltd (@DigitalXLtd) May 19, 2025
Crypto Heavyweights Joining DigitalX Board Signals Pivot to High Growth Phase
The news follows DigitalX’s recent pivot into Solana accumulation, which began in November at the end of 2024. In the seven months since, DigitalX has quietly become a top-five holder of SOL amongst all publicly traded firms around the world.
Travers brings a wealth of experience in the world of web3, following his previous senior roles with web3 VC firm Animoca Brands and his time as CEO for Binance Australia.
It is also Travers’ second stint with DigitalX after previously holding the firm’s CEO position. On the other hand, Guoga’s appointment highlights DigitalX’s intent to become a household name with its Solana strategy.
Guoga was just recently working as an analyst with Canadian-listed SOL Strategies for a 12-month period, during which shareholders received returns of 2,521%.
By pivoting so heavily into SOL accumulation and the appointment of Guoga, with her ties to SOL Strategies via her own work and her father, DigitalX could experience similar returns.
As of today, DigitalX holds 83,279 SOL and 319.66 BTC, alongside AUD$6.4 million in other digital assets. It is trading nearly 1:1 with its Net Asset Value (NAV), at a NAV of $59.1 million and a market cap of just over $50 million.
With this NAV value, DigitalX investors are buying this play below book value, despite rising revenues from staking operations and falling costs.
Unlike many listed digital asset firms that are still in the heavy crypto accumulation phase and thus not making any revenue, DigitalX is already generating yield from its SOL holdings via a partnership with SOL Strategies.
RELATED: Top Solana Meme Coins to Buy in May 2025
DigitalX To Mount $HODL Style Skyrocket With SOL USD Heading Toward $200 And Beyond
This puts DigitalX in a fortunate spot as it is not putting all its eggs in one basket, with that basket being the price appreciation of SOL. Instead, the fund now earns staking rewards while simultaneously riding the recent bullish momentum of Solana and its ever-expanding ecosystem.
The goal for DigitalX is clear. With Solana soaring above $160 and being touted as the next cryptocurrency to receive spot ETF listings, the Australian-based firm is well-positioned with its SOL accumulation, smart Web3 hires, and on-chain yield generation.
If global economics allow Bitcoin the breathing space to run to $150,000 and beyond this cycle, it’s not hard to imagine SOL hitting $500+.
As a result, DCC could experience a run similar to that of SOL Strategies’ recent performance, which saw it land as the highest-performing stock on the Canadian stock exchange last year.
Not to mention, DigitalX has some serious heritage in the crypto world and underscores all this with years of OG credibility. Before becoming a digital investment firm, it was the world’s first publicly listed blockchain tech company and began life as a Bitcoin mining firm in 2014.
At its peak, DigitalX controlled over 2% of the entire Bitcoin network’s hashing power. This was before it moved into providing liquidity for emerging crypto exchanges and outright token investment.
DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now
Join The 99Bitcoins News Discord Here For The Latest Market Updates
Why you can trust 99Bitcoins
Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.
Weekly Research
100k+Monthly readers
Expert contributors
2000+Crypto Projects Reviewed
Maximize Your Trading With Margex’s 20% Deposit Bonus
What Are the Best New Presales to Buy in June 2025?
Crypto Wallet Promos & Discounts
14 Best Crypto Bonuses in 2025 – Top Exchange Offers & Promotions
Maximize Your Earnings with Bitunix- Huge Bonus Until August 2025
Free Bitcoin Crash Course
- Enjoyed by over 100,000 students.
- One email a day, 7 days in a row.
- Short and educational, guaranteed!
