100,000 Shares in Digital Asset Acquisition Corp. $DAAQ Bought by Lineage Point Capital LP

Lineage Point Capital LP bought a new stake in Digital Asset Acquisition Corp. (NASDAQ:DAAQ) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 100,000 shares of the company’s stock, valued at approximately $1,016,000. Lineage Point Capital LP owned about 0.58% of Digital Asset Acquisition at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of DAAQ. Cannon Global Investment Management LLC acquired a new position in Digital Asset Acquisition during the 4th quarter worth $168,000. Wolverine Asset Management LLC grew its position in shares of Digital Asset Acquisition by 36.0% in the fourth quarter. Wolverine Asset Management LLC now owns 162,613 shares of the company’s stock valued at $1,652,000 after purchasing an additional 43,012 shares during the last quarter. ABC Arbitrage SA bought a new position in shares of Digital Asset Acquisition in the fourth quarter worth about $254,000. Periscope Capital Inc. increased its stake in shares of Digital Asset Acquisition by 317.4% in the fourth quarter. Periscope Capital Inc. now owns 150,000 shares of the company’s stock worth $1,524,000 after purchasing an additional 114,062 shares during the period. Finally, DLD Asset Management LP lifted its position in shares of Digital Asset Acquisition by 79.7% during the 4th quarter. DLD Asset Management LP now owns 126,399 shares of the company’s stock worth $1,284,000 after purchasing an additional 56,046 shares during the last quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Digital Asset Acquisition in a report on Thursday, June 4th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Digital Asset Acquisition has a consensus rating of “Sell”.

Digital Asset Acquisition Stock Up 0.2%

NASDAQ:DAAQ opened at $10.36 on Friday. Digital Asset Acquisition Corp. has a one year low of $10.10 and a one year high of $11.24. The firm’s fifty day moving average is $10.31.

Digital Asset Acquisition (NASDAQ:DAAQ) last posted its quarterly earnings results on Friday, May 15th. The company reported $0.05 earnings per share (EPS) for the quarter.

Digital Asset Acquisition Company Profile

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.