ASX reached an agreement and completed the sale of its participation in Digital Asset Holdings, LLC for about $ 57 million.
The sale will be recognized as part of ASX’s FY25 financial results, with ASX acknowledging a profit of about $ 42 million in front of taxes compared to the current transfer of ASX of the digital asset.
The profit for sale will be recognized directly in the reserve review reserve in shares in accordance with the accounting treatment applied to the investment when acquired.
The sale price represents a pre -tax profit of about $ 10 million for the initial cost of acquiring ASX.