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Digital Currency X (Nasdaq: DCX) lines up US$700M crypto-funded unit deal

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Digital Currency X Technology Inc. entered into a securities purchase agreement for a private placement of an aggregate US$700,000,000 of Units. Each Unit consists of one Class A ordinary share and three warrants, sold at US$2.11 per Unit, with each warrant exercisable at US$2.11 per share for three years starting on June 24, 2026.

The placement may be funded in U.S. dollars or agreed digital assets such as Bitcoin and Ethereum, aligning the financing with DCX’s digital asset treasury activities. The company plans to use proceeds for working capital, general corporate purposes, its digital asset treasury strategy, and expansion of its AI cloud computing services business as it transitions away from legacy electric-vehicle manufacturing.

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Insights

DCX lines up a large crypto-aligned US$700M private financing.

Digital Currency X Technology Inc. agreed to sell US$700,000,000 of Units in a private placement, with each Unit combining one Class A share and three warrants priced at US$2.11. Warrants share the same US$2.11 exercise price and a three‑year term starting June 24, 2026.

The structure allows investors to pay in U.S. dollars or specified digital assets such as Bitcoin and Ethereum, mirroring how DCX already manages its treasury. This may increase appeal to crypto‑native investors while embedding digital assets more deeply in the balance sheet.

Proceeds are earmarked for working capital, general corporate purposes, execution of the digital asset treasury strategy, and expansion of AI cloud computing services. The company explicitly frames this as part of its shift from legacy EV manufacturing toward a focused digital‑asset and technology model, so future filings will be important to see how much of the US$700M ultimately closes and how quickly it is deployed.

Private placement size US$700,000,000 Aggregate value of Units in private placement
Unit purchase price US$2.11 per Unit Price for each Unit of one share and three warrants
Warrants per Unit 3 warrants Number of warrants included in each Unit
Warrant exercise price US$2.11 per share Exercise price of warrants included in Units
Warrant term 3 years Warrants exercisable from June 24, 2026 for three years
Securities Purchase Agreement financial
"entered into a Securities Purchase Agreement (the “Agreement”) with certain investors"
A securities purchase agreement is a written contract between a buyer and a seller outlining the terms for buying or selling financial assets such as stocks or bonds. It specifies details like the price, quantity, and conditions of the transaction, similar to a shopping list with agreed-upon terms. For investors, it provides clarity and legal protection when transferring ownership of these financial instruments.
private placement financial
"for a private placement of an aggregate of US$700,000,000 of units"
A private placement is a way for companies to raise money by selling securities directly to a small group of investors instead of through a public offering. This process is often quicker and less regulated, making it similar to offering a special, exclusive investment opportunity to select individuals or institutions. For investors, it can provide access to unique investment options that are not available on public markets.
digital asset treasury strategy financial
"continued execution of its digital asset treasury strategy and the expansion of its newly established AI cloud"
A digital asset treasury strategy is a plan for managing a company's or organization's digital assets, such as cryptocurrencies or digital tokens, to support its financial goals. It involves deciding how to acquire, hold, and use these assets efficiently, much like managing cash or investments, to optimize value and minimize risks. For investors, understanding this strategy helps gauge how well an organization controls its digital resources and its overall financial health.
warrants financial
"three warrants (the “Warrants”), at a purchase price of US$2.11 per Unit"
Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.
decentralized finance (DeFi) financial
"includes treasury optimization, participation in decentralized finance (DeFi) ecosystems"
Decentralized finance (DeFi) is a system that allows people to access financial services—such as borrowing, lending, or trading—directly through digital platforms without relying on traditional banks or financial institutions. It uses blockchain technology to operate transparently and securely, giving investors more control over their money and potentially reducing costs. This innovation matters because it can expand financial access and create new opportunities for wealth building around the world.
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Learn about SEC filing dates

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 6-K

 

 

 

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of June 2026

 

Commission File Number: 001-41712

 

 

 

Digital Currency X Technology Inc.

(Exact name of registrant as specified in its charter)

 

 

 

No. 8, Beijing South Road

Economic & Technological Development Zone, Yantai

Shandong, CN-37 264006

People’s Republic of China

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒   Form 40-F ☐

 

 

 

 
 

 

On June 24, 2026, Digital Currency X Technology Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Agreement”) with certain investors (the “Purchasers”). Under the Agreement, the Purchasers agreed to subscribe for, and the Company agreed to issue and sell, an aggregate of US$700,000,000 of units (the “Units”) with each Unit consisting of one Class A ordinary share, par value of US$0.0001 per share of the Company (the “Ordinary Share”) and three warrants (the “Warrants”), at a purchase price of US$2.11 per Unit. The Warrants have an exercise price of $2.11 per share (subject to adjustment as set forth in the Warrants), are exercisable on or after June 24, 2026 and will expire three (3) years after that date.

 

The Private Placement is expected to close in June 2026. The Company intends to use the proceeds from the Private Placement for working capital and general corporate purposes.

 

The foregoing description of the Agreement and Warrant do not purport to describe all terms and conditions thereof and is qualified in its entirety by reference to the form of Warrant and the form of Agreement which are filed as Exhibits 4.1 and 10.1 hereto, respectively, and are incorporated herein by reference.

 

This report on Form 6-K and the attached exhibit are incorporated by reference into the Company’s registration statement on Form F-3 (File No. 333-281314), as amended, and into each prospectus outstanding under the foregoing registration statements, to the extent not superseded by documents or reports subsequently filed or furnished by the Company under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.

 

Exhibit No.   Description
4.1   Form of Warrant dated June 24, 2026
10.1   Form of Securities Purchase Agreement dated June 24, 2026 between Digital Currency X Technology Inc. and Purchasers
99.1   Press Release

 

 
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date: June 25, 2026 Digital Currency X Technology Inc.
     
  By: /s/ Dongchun Fan
  Name: Dongchun Fan
  Title: Chief Financial Officer

 

 

 

Exhibit 99.1

 

Digital Currency X Technology Enters Into Securities Purchase Agreement for a Private Placement of US$700 Million of Units, Payable in U.S. Dollars or Digital Assets, to Advance Its Digital Asset Treasury Strategy

 

NEW YORK, June 25, 2026 (GLOBE NEWSWIRE) — Digital Currency X Technology Inc. (Nasdaq: DCX) (“DCX” or the “Company”), a digital asset treasury management company, today announced that it has entered into a securities purchase agreement (the “Agreement”) with certain investors for a private placement of an aggregate of US$700,000,000 of units of the Company (the “Units”). Each Unit consists of one Class A ordinary share, par value US$0.0001 per share (the “Ordinary Share”), and three warrants (the “Warrants”). The purchase price per Unit is US$2.11, and the Warrants have an exercise price of US$2.11 per share (subject to adjustment as set forth in the Warrants), are exercisable on or after June 24, 2026, and will expire three years after such date. The Company intends to use the proceeds from the private placement for working capital and general corporate purposes, including the continued execution of its digital asset treasury strategy and the expansion of its newly established AI cloud computing services business, further diversifying the Company’s revenue base.

 

The transaction advances the Company’s strategic transition from its legacy electric-vehicle manufacturing operations to a focused digital-asset treasury and technology business. By accepting Bitcoin, Ethereum, and other agreed digital assets as payment for the Units, DCX has aligned the financing mechanics with the assets it already holds, manages, and stakes, allowing the Company to grow its digital asset treasury directly, rather than solely through open-market purchases funded by cash proceeds.

 

“This financing is structured to match how we operate as a treasury-focused company,” said Melissa Chen, Chief Executive Officer of DCX. “Investors can subscribe with the same digital assets we hold and manage, which lets us build our balance sheet without forcing conversions through the market.”

 

About Digital Currency X Technology Inc.

 

Digital Currency X Technology Inc. (Nasdaq: DCX) is a pioneering digital asset treasury management company focused on developing innovative infrastructure for secure cryptocurrency custody and storage solutions. The Company has strategically positioned itself at the forefront of institutional digital asset adoption. The Company is executing a comprehensive digital currency strategy that includes treasury optimization, participation in decentralized finance (DeFi) ecosystems, and development of advanced custody infrastructure.

 

Forward-Looking Statements

 

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements regarding the anticipated closing of the private placement, the expected use of proceeds, the amount of proceeds that may be raised, and the Company’s digital asset treasury strategy and business plans. These statements involve known and unknown risks, uncertainties and other factors — including, among others, the Company’s ability to satisfy the conditions to closing and to complete the offering; the number of Units ultimately sold; the volatility and price fluctuation of Bitcoin, Ethereum and other digital assets; risks relating to digital asset custody, staking, blockchain networks and smart contracts; the Company’s limited operating history in the digital asset sector; the evolving regulatory environment for digital assets; and the Company’s ability to maintain compliance with Nasdaq continued listing standards — that may cause actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

 

Investor Relations Contact:

 

Matthew Abenante, IRC

President

Strategic Investor Relations, LLC

Tel: 347-947-2093

Email: matthew@strategic-ir.com

 

 

FAQ

What transaction did Digital Currency X (DCX) announce in this Form 6-K?

Digital Currency X announced a securities purchase agreement for a private placement of US$700,000,000 of Units. Each Unit includes one Class A ordinary share and three warrants, creating a sizable equity-and-warrant financing package for the company’s evolving digital asset-focused business model.

How are the Units in Digital Currency X (DCX)'s US$700 million private placement structured?

Each Unit consists of one Class A ordinary share and three warrants, sold at US$2.11 per Unit. The warrants have an exercise price of US$2.11 per share, become exercisable on or after June 24, 2026, and expire three years after that date.

How will Digital Currency X (DCX) use the proceeds from the US$700 million private placement?

DCX intends to use the proceeds for working capital and general corporate purposes. These include executing its digital asset treasury strategy and expanding its newly established AI cloud computing services business, supporting its transition away from legacy electric-vehicle manufacturing operations.

In what forms of payment can investors subscribe to Digital Currency X (DCX) Units?

Investors can purchase Units using U.S. dollars or agreed digital assets, including Bitcoin and Ethereum. This structure aligns the financing with DCX’s existing activities in holding, managing, and staking digital assets, and allows the company to grow its digital asset treasury directly.

When do Digital Currency X (DCX) warrants from this offering become exercisable and when do they expire?

The warrants included in each Unit are exercisable on or after June 24, 2026, at an exercise price of US$2.11 per share. They will expire three years after that date, providing a defined time window for warrant holders to convert into Class A ordinary shares.

How does the US$700 million private placement support Digital Currency X (DCX)'s strategic transition?

DCX states the transaction advances its shift from legacy electric-vehicle manufacturing to a digital-asset treasury and technology business. Proceeds support treasury optimization, participation in decentralized finance ecosystems, and expansion of AI cloud computing, reinforcing its institutional digital asset and custody focus.

Filing Exhibits & Attachments

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Agreements & Contracts

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