{"id":9100,"date":"2020-12-16T15:41:00","date_gmt":"2020-12-16T19:41:00","guid":{"rendered":"https:\/\/www.inflation.us\/news\/?p=9100"},"modified":"2026-06-23T00:25:17","modified_gmt":"2026-06-23T04:25:17","slug":"dash-changing-name-to-reflect-bitcoin-holdings","status":"publish","type":"post","link":"https:\/\/www.inflation.us\/news\/articles\/dash-changing-name-to-reflect-bitcoin-holdings\/","title":{"rendered":"DASH\u00a0Changing Name to Reflect Bitcoin Holdings"},"content":{"rendered":"\n

Besides Voyager Digital (CSE: VYGR)<\/b>, the only other<\/span> Bitcoin stock<\/strong> that NIA is bullish<\/strong><\/span> on is Neptune Dash (TSXV: DASH).<\/b><\/span><\/span><\/p>\n\n

A few days ago, DASH’s Board of Directors<\/strong> approved<\/b> <\/span>a name<\/strong> change<\/strong><\/span> to ‘Neptune Digital Assets Corp’<\/strong>. DASH<\/strong> is now awaiting TSX Venture <\/b>approval<\/b><\/span> of the name change<\/span><\/strong>. <\/span><\/span><\/p>\n\n

DASH’s name change<\/strong> is very significant<\/strong><\/span> because the company’s #1 asset holding<\/strong><\/span> is now Bitcoin<\/strong>, which hit a new all-time high<\/strong><\/span> today of $20,899.82<\/strong>! A large number of investors mistakenly<\/strong><\/span> believe<\/strong><\/span> that DASH’s main asset holding<\/span><\/strong> is still the Dash token<\/strong>, which has well underperformed<\/span> Bitcoin’s recent gains<\/span><\/strong>.<\/span><\/span><\/p>\n\n

In recent months, prior to much of Bitcoin’s huge gains<\/span><\/strong>, DASH<\/strong> sold<\/strong><\/span> most of its Dash holdings<\/strong> and used a significant portion of the proceeds to buy<\/span> Bitcoin<\/strong>. Because of this, when DASH<\/strong> files its fiscal 2020 year-end results<\/strong> sometime between now and December 30th, DASH<\/strong> will report a 36% increase in net assets<\/strong><\/span> for the company’s fiscal year 2020 ending August 31, 2020!<\/span><\/span><\/p>\n\n

Our main reason<\/strong><\/span> for suggesting<\/strong><\/span> DASH<\/strong> as only our second<\/span> Bitcoin stock suggestion<\/span> <\/strong>of 2020 is simple… we respect<\/span> <\/strong>the way that DASH’s management team <\/strong>is running<\/span> <\/strong>the company. They do everything to keep costs as low as possible<\/strong><\/span>. They seemingly use every penny possible <\/strong><\/span>to buy more<\/strong><\/span> Bitcoin<\/strong> for DASH shareholders<\/strong>. For the fiscal year ending August 31, 2020, DASH<\/strong> will report a 55% reduction<\/strong><\/span> in operating expenditures<\/strong><\/span>.<\/span><\/span><\/p>\n\n

NIA can 100% officially confirm<\/strong><\/span> to its members<\/strong>: the combination<\/strong><\/span> of a 36% increase in net assets<\/strong><\/span> and a 55% reduction in operating expenditures<\/strong><\/span> will result in DASH<\/strong> reporting positive net income<\/strong><\/span> later this month for its fiscal year 2020<\/strong> ending August 31, 2020!<\/span><\/span><\/p>\n\n

It is important<\/strong><\/span> for us to point out that Bitcoin<\/strong> on August 31, 2020 was trading for CAD$15,205<\/strong> (DASH<\/strong> is a Canadian-based company<\/strong> so we are pricing Bitcoin<\/strong> in Canadian dollars<\/strong>). At the end of DASH’s previous fiscal year<\/strong> on August 31, 2019, Bitcoin<\/strong> was trading for CAD$12,767<\/strong>. Bitcoin priced in CAD<\/strong> increased by 19.1%<\/strong><\/span> on a year-over-year basis.<\/span><\/span><\/p>\n\n

DASH<\/strong> before the end of this month will report an increase in net assets<\/strong><\/span> during its fiscal year 2020 that actually exceeds the increase<\/strong><\/span> of Bitcoin priced in CAD<\/b> during the same time period! We believe the reason for this is the fact that DASH’s second largest asset holding<\/span><\/strong> after Bitcoin<\/strong> is Cosmos<\/strong>. Amazingly, Cosmos<\/strong> on August 31, 2020 was trading for CAD$9.3781<\/b> for an increase of 249.69%<\/strong><\/span> on a year-over-year basis from its August 31, 2019 price of CAD$2.6818<\/strong>.<\/span><\/span><\/p>\n\n

Very few<\/span> investors<\/strong> are aware<\/strong><\/span> that Bitcoin<\/strong> has become DASH’s #1 largest asset holding<\/span><\/strong> and even less<\/span> investors<\/strong> are aware<\/strong><\/span> that Cosmos<\/strong> has become DASH’s #2 largest asset holding<\/span><\/strong>. Out of all Cryptocurrencies<\/strong> currently ranked<\/strong><\/span> among the Top 25<\/span> <\/strong>in market cap<\/strong>, Cosmos <\/strong>was the second largest percentage gainer<\/strong><\/span> during the one year period ending August 31, 2020.<\/span><\/span><\/p>\n\n

Bitcoin priced in CAD<\/strong> has gained by 74.19%<\/strong><\/span> since August 31, 2020 to a current price of CAD$26,485<\/strong>. Therefore, it is possible that DASH’s strong financial performance<\/span><\/strong> will accelerate<\/strong><\/span> in the first half of fiscal year 2021!<\/span><\/span><\/p>\n\n

Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from DASH of US$50,000 cash for a six-month marketing contract. NIA has received compensation from VYGR of US$60,000 cash for a one-year marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.<\/em> <\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Besides Voyager Digital (CSE: VYGR), the only other Bitcoin stock that NIA is bullish on is Neptune Dash (TSXV: DASH). A few days ago, DASH’s Board of Directors approved a name change to ‘Neptune Digital Assets Corp’. DASH is now awaiting TSX Venture approval of the name change.  DASH’s name change is very significant because […]<\/p>\n","protected":false},"author":1,"featured_media":9101,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[104,174,8,128],"class_list":["post-9100","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","tag-crypto","tag-nda","tag-technology","tag-vygr"],"_links":{"self":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/9100","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/comments?post=9100"}],"version-history":[{"count":2,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/9100\/revisions"}],"predecessor-version":[{"id":9103,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/9100\/revisions\/9103"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media\/9101"}],"wp:attachment":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media?parent=9100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/categories?post=9100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/tags?post=9100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}