Australian Crypto Asset Manager DigitalX Secures Over $13M to Expand Bitcoin Holdings
2025-07-08 08:50:22
Main Idea
Australian crypto asset manager DigitalX secured over $13 million to expand its bitcoin treasury, attracting investments from notable crypto investors and companies.
Key Points
1. DigitalX raised 20.7 million AUD ($13.5 million) from investors including Animoca Brands, UTXO Management, and ParaFi Capital.
2. Simon Gerovich, CEO of Metaplanet, invested personally in DigitalX.
3. DigitalX plans to allocate nearly 19.7 million AUD ($12.9 million) to increase its bitcoin holdings, which currently include 65 BTC.
4. Shares of DigitalX rose nearly 42% following the funding announcement.
5. Metaplanet, one of the investors, holds 15,555 BTC, making it the fifth-largest publicly traded bitcoin treasury company.
Description
Crypto asset manager DigitalX (DCC) has locked in 20.7 million australian dollar ($13.5 million) from heavyweight crypto investors to deepen its focus on bitcoin (BTC). The placement attracted funding from Animoca Brands, UTXO Management and ParaFi Capital, alongside individual contributions from executives in the crypto space. One of those participants is Simon Gerovich, President and CEO of Japan-listed Metaplanet, who invested in a personal capacity. Metaplanet (3350) is currently the fifth-l...
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