Phoenix Digital Assets Holds 243.96 Bitcoin Amid Recent Losses
Phoenix Digital Assets (ticker: PNIX) has reported that it currently owns 243.96 Bitcoin, according to a market‑data update from Moomoo on September 30, 2026.
Financial Performance
In the same month, Kalkine Media disclosed that the company posted a half‑year loss of £9.8 million. The decline was linked to falling values of Bitcoin and the company’s HYPE token, which contributed to the negative earnings figure.
Strategic Expansion in the U.S.
Winston Taylor, a prominent legal and financial commentator, announced on October 1, 2026 that Phoenix Digital Assets had added Michael Frisch as a partner for its Chicago operations. The move was reported by both Winston Taylor’s own outlet and by Bloomberg Law News, as well as by Bloomberg Tax’s news service, all noting the recruitment of Frisch to strengthen the firm’s digital‑assets practice in the United States.
- Source: Moomoo – Bitcoin holdings
- Source: Kalkine Media – half‑year loss and token value decline
- Source: Winston Taylor – partnership announcement
- Source: Bloomberg Law News & Bloomberg Tax – confirmation of Frisch’s recruitment
These developments illustrate Phoenix Digital Assets’ continued focus on cryptocurrency holdings while navigating market volatility and expanding its legal and advisory footprint in the U.S. market.