Lineage Point Capital LP Makes New $1.02 Million Investment in Digital Asset Acquisition Corp. $DAAQ

Lineage Point Capital LP acquired a new position in shares of Digital Asset Acquisition Corp. (NASDAQ:DAAQ) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 100,000 shares of the company’s stock, valued at approximately $1,016,000.

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

Digital Asset Acquisition Stock Performance

DAAQ stock opened at $10.36 on Friday. Digital Asset Acquisition Corp. has a 1-year low of $10.10 and a 1-year high of $11.24. The firm has a 50 day moving average of $10.31.

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

Analysts Set New Price Targets

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

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.