ASX-listed digital asset fund manager DigitalX has significantly increased its Bitcoin holdings, acquiring an additional 74.7 BTC.
This purchase brings the company’s total Bitcoin holdings to 499.8 BTC, with an approximate market value of $91.3 million. This accumulation cements Bitcoin as the cornerstone asset of DigitalX’s corporate treasury strategy.
The company’s approach mirrors the Bitcoin acquisition strategies adopted by prominent firms like MicroStrategy and Metaplanet. Highlighting the commitment, DigitalX recently raised $13.5 million, dedicating $12.8 million specifically for further Bitcoin acquisitions.
DigitalX emphasizes that Bitcoin represents its sole treasury asset strategy, citing its unique characteristics as a reliable store of value.
The trend of corporate Bitcoin holdings extends beyond crypto-native companies, with firms such as DDC Enterprise and Solar Bank also integrating the cryptocurrency into their treasury reserves. DigitalX’s total treasury value now exceeds $100 million.