ASX-Listed DigitalX Leans Into Bitcoin Treasury Strategy With Latest $8.8M Buy
Main Idea
DigitalX has increased its Bitcoin holdings by purchasing 74.7 BTC for $8.8 million, bringing its total Bitcoin position to nearly 500 BTC, valued at approximately $91.3 million.
Key Points
1. DigitalX purchased 74.7 BTC at an average price of $117,293 per Bitcoin, totaling $8.8 million.
2. The company now holds 499.8 BTC, including 306.8 BTC directly and 193 BTC via its stake in the DigitalX Bitcoin ETF.
3. This acquisition follows a previous purchase of 57.5 BTC earlier in the month, continuing its strategy of accumulating Bitcoin as a strategic asset.
4. DigitalX has raised $13.5 million, with $12.8 million allocated for Bitcoin purchases and the rest for operations and working capital.
5. The company plans further Bitcoin purchases this year, aiming to build a long-term growth pathway with Bitcoin as a core asset.
Description
The firm now holds nearly 500 Bitcoin, joining a growing list of companies adding Bitcoin to their balance sheets.
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