ASX-Listed DigitalX Secures $13.5M Institutional Backing to Boost BTC Reserves
2025-07-08 12:00:54
Main Idea
ASX-listed DigitalX secures $13.5 million in institutional funding to expand its Bitcoin treasury and strengthen its Bitcoin-first strategy, with key industry figures joining its advisory board.
Key Points
1. DigitalX raised AU$20.7 million ($13.5 million) from investors including Animoca Brands and UTXO to expand its Bitcoin holdings.
2. The funds will increase DigitalX’s total assets to over AU$95 million ($62.13 million), reinforcing its Bitcoin-first strategy.
3. Yat Siu (Animoca Brands co-founder) and Hervé Larren (Airvey.io CEO) will join DigitalX’s strategic advisory board.
4. The company currently holds 65 Bitcoin directly and 881,000 units in its Bitcoin ETF (BTXX), valued at around $43.3 million.
5. DigitalX follows the strategy of early Bitcoin adopters like Michael Saylor’s MicroStrategy, focusing on aggressive BTC accumulation.
Description
Australian digital asset manager DigitalX has secured AU$20.7 million ($13.5 million) in strategic investment from global crypto players to expand its Bitcoin treasury. The strategic investment saw major participants including Animoca Brands, UTXO Management and ParaFi Capital. “The funds will expand DigitalX’s Bitcoin treasury, reinforcing our Bitcoin-first strategy,” DigitalX wrote on X. “Upon completion, DigitalX’s total assets will exceed AU$95 million ($62.13 million).” DigitalX Limited (AS...
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