Company: DAAQ
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001213900-25-027285
Chunk: 18

Company: Digital Asset Acquisition Corp.
Filing Date: 2025-04-01
Form: S-1/A
Chunk 18
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 or platforms permit the use of the cryptocurrency to create other digital assets or tokens, run decentralized applications on the blockchain platform, and build various types of functionality and features on the blockchain platform. Examples of cryptocurrencies that are part of blockchain economies include Ether (“ETH”), Solana and TRON; 3. Stablecoins: Stablecoins are cryptocurrencies whose value is connected to an asset that is not expected to significantly fluctuate in value. Different stablecoins have adopted different methods of stabilization. Examples of stablecoins are U.S. Dollar Coin (“USDC”) and Tether. While stablecoins are meant to maintain a stable value, stablecoins are not risk -freeand are not immune to fluctuations in price. A range of factors may cause stablecoins to depeg from the pegged value, including supply and demand, market volatility, market confidence and adoption, liquidity risk and technology risk. As a result, the possibility still exists for stablecoins to fluctuate significantly in value over time, particularly where those stablecoins are connected to fiat currencies that experience fluctuations, such as the decreasing value of the U.S. dollar due to inflation. 4 Each cryptocurrency is stored on a particular blockchain. The blockchain used by each cryptocurrency keeps a record of the blockchain address and the amount of cryptocurrency held at a particular address. A private key is required to access the cryptocurrency held at any single address. Given the growing importance and mass adoption of cryptocurrencies, the total market cap has grown from $783 billion dollars on January 1, 2021 to over $3.4 trillion dollars as of January 1, 2025, showing a compound annual growth rate of 45%. Bitcoin’s total market capitalization has reached over $1.9 trillion dollars, capturing over 50% of the total market capitalization. In comparison, gold currently has a market capitalization of $17.9 trillion dollars, exceeding Bitcoin’s market capitalization by a factor of 9.4. Daily, Bitcoin’s blockchain facilities hundreds of thousands of transactions, reaching over 650,000 as of December 2024. Our Sponsor Our sponsor is a Delaware limited liability company, which was formed to invest in us. Although our sponsor is permitted to undertake any activities permitted under the Delaware Limited Liability Company Act and other applicable law, our sponsor’s business is focused on investing in our company. The managers of our sponsor are Peter Ort, our Co -Chairmanand Principal Executive Officer, and Jeff Tuder, our Co -Chairmanand Chief Financial Officer. Messrs. Ort and Tuder