Company: DAAQ
Filing Date: 2025-02-07
Form Type: S-1
Source: 0001213900-25-011355
Chunk: 176

Company: Digital Asset Acquisition Corp.
Filing Date: 2025-02-07
Form: S-1
Chunk 176
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 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. 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 control our sponsor, including the exercise of voting and investment discretion over the securities of our company held by our sponsor. Messrs. Ort and Tuder own membership interests in our sponsor, which represent approximately [•]% and [•]%, respectively, of the economic rights attributable to the assets of our sponsor. As of the date hereof, other than Messrs. Tuder and Ort, no other person has a direct or indirect material interest in our sponsor. Other than our management team, none of the other members of our sponsor will participate in our company’s activities. Our sponsor is not controlled by and does not have any members who are, or has substantial ties with, a non -U.S. person. Certain accredited investors (none of which are affiliated with any member of our management, our sponsor or any other investor) (the “