Digital asset investment manager DigitalX Limited has denied breaching trading policies after the Australian Securities Exchange questioned share purchases made by director Ieva Guoga and her dealings with major shareholder Antanas “Tony G” Guoga, her father.
According to the Australian Financial Review, the ASX sought clarification on the timing of Ieva’s purchase of 3 million shares ahead of a May 29 announcement that DigitalX would acquire $11.6 million worth of Solana tokens. The inquiry also covered transactions involving her father, who holds about 15% of the company.
In a statement, a DigitalX spokesperson said the trades complied with the company’s securities trading policy and ASX listing rules, reiterating a July 31 letter to the exchange. The company emphasized that while the requests for clearance did not match the exact wording of its policy, there was no breach.
DigitalX’s trading rules set approved trading windows and require directors to seek senior officer approval to ensure no trades occur with undisclosed market-sensitive information.
“Whilst the board is comfortable that no illegality occurred, it has used this circumstance as a chance to improve its processes, as any good company should,” the spokesperson said.
The denial came alongside DigitalX’s announcement of its “21 Hundred” strategy, which aims to increase its Bitcoin holdings from about 500 BTC to 2,100 BTC by 2027, positioning Bitcoin as the core of its treasury. Ieva’s father also chairs Canadian-listed SOL Strategies, which holds an exclusive 12-month deal to provide Solana staking services to DigitalX.
DigitalX has scheduled a shareholder meeting on September 5 to vote on issuing shares and warrants to Ieva and Antanas Guoga as part of a related-party placement. The ASX has not yet commented publicly on the matter.
Also Read: Ethereum Developer Detained in Turkey Over ‘Misuse’ Claims
