Digital Currency X Technology Inc. (DCX) Form 6-K — Sep 17, 2026
Digital Currency X Technology (DCX) reported H1 2026 net income of $64.2 million (EPS $3.33), but the profit is a non-cash artifact of a $258.8 million accounting gain from selling its entire legacy EV business for $1. Continuing operations lost $189.0 million, driven by a $186.97 million unrealized fair-value loss on cryptocurrency holdings, on zero revenue. The company now holds $214.99 million of a single token, EDGEAI, representing about 99% of total assets, against just $1.34 million in cash.
Key figures
- Eps
- 3.33
- Revenue
- 0
- Net Income
- 64210000
- Total Assets
- 216823000
- Cash Position
- 1341000
- Gross Proceeds
- 700000000
- Offering Price
- 2.11
- Shares Offered
- 331753557
- Shares Outstanding
- 351578283
- Reverse Splits
- ["1-for-30 (effective Jul 2024)","1-for-100 (effective Nov 2025)","1-for-12 (effective Jan 2026)"]
- Gain On Disposal
- 258828000
- Working Capital
- 216810000
- Share Count Growth
- Class A shares rose from 19,560,823 to 351,578,283 in six months (~18x)
- Total Liabilities
- 16000
- Remaining CVRShares
- 684
- Warrants Outstanding
- 996194221
- Edgeai Tokens Received
- 491849359
- Warrant Exercise Price
- 2.11
- Crypto Asset Composition
- 100% EDGEAI tokens (Level 3, 20% lack-of-marketability discount off PancakeSwap v3 prices)
- Crypto Assets Carrying Value
- 214993000
- Consideration For EVBusiness
- 1
- Edgeai Price Change Post Period
- +15% subsequent to June 30, 2026
- Net Income From Discontinued Operations
- 253217000
AI analysis
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