Digital Asset Acquisition (NASDAQ:DAAQ) Releases Quarterly Earnings Results

Digital Asset Acquisition (NASDAQ:DAAQ) announced its earnings results on Friday. The company reported $0.05 earnings per share for the quarter, FiscalAI reports.

Digital Asset Acquisition Stock Up 0.1%

Shares of DAAQ stock traded up $0.01 during trading hours on Friday, hitting $10.31. 169,834 shares of the company were exchanged, compared to its average volume of 57,754. Digital Asset Acquisition has a fifty-two week low of $10.05 and a fifty-two week high of $11.24. The company’s 50 day simple moving average is $10.26.

Institutional Investors Weigh In On Digital Asset Acquisition

Several hedge funds and other institutional investors have recently modified their holdings of DAAQ. Berkley W R Corp bought a new stake in Digital Asset Acquisition during the 1st quarter valued at $7,796,000. Alberta Investment Management Corp acquired a new stake in shares of Digital Asset Acquisition in the 4th quarter worth about $5,610,000. Radcliffe Capital Management L.P. lifted its position in Digital Asset Acquisition by 267.4% in the 4th quarter. Radcliffe Capital Management L.P. now owns 474,579 shares of the company’s stock valued at $4,822,000 after acquiring an additional 345,411 shares in the last quarter. Verition Fund Management LLC increased its holdings in Digital Asset Acquisition by 73.7% during the 4th quarter. Verition Fund Management LLC now owns 338,914 shares of the company’s stock worth $3,457,000 after purchasing an additional 143,758 shares in the last quarter. Finally, Sona Asset Management US LLC purchased a new stake in shares of Digital Asset Acquisition in the first quarter worth approximately $2,614,000.

About Digital Asset Acquisition

We are a special purpose acquisition company incorporated on December 9, 2024 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.