DigitalX Raises Fresh Capital from Leading Crypto Investors
Australian digital asset manager DigitalX has successfully raised 20.7 million Australian dollars (approximately 13.5 million US dollars) in fresh capital to strengthen its bitcoin holdings. The funding round drew participation from several prominent crypto investors, including Animoca Brands, UTXO Management, ParaFi Capital, and Simon Gerovich, CEO of Japan-listed Metaplanet, who joined the placement in a personal capacity.
Shares were issued at a price of 7.4 Australian cents each, representing a small discount on the company’s recent trading levels. Additionally, each investor received one warrant for every two shares subscribed, with the warrants exercisable at 15 Australian cents and valid for 18 months.
Significant Allocation Towards Bitcoin Treasury
Of the total funds raised, nearly 19.7 million Australian dollars (around 12.9 million US dollars) will be used to expand the company’s bitcoin treasury. This investment will significantly boost DigitalX’s current holdings, which already include 65 BTC held outright. The firm also manages its own bitcoin ETF, further aligning its strategy with the leading cryptocurrency.
Following this capital injection, DigitalX’s total assets in bitcoin and other digital holdings are set to exceed 95 million Australian dollars, reinforcing its position as a key player in the Australian crypto sector.
Strategic Expansion and Rising Market Confidence
The announcement triggered a surge in DigitalX’s share price, which rose by nearly 42 per cent on Tuesday to over 11 Australian cents. The company, originally listed in 2014 as a bitcoin mining operation, has long advocated for bitcoin’s potential as a store of value. This fresh capital raise reflects what DigitalX describes as a renewed emphasis on bitcoin as the cornerstone of its digital asset strategy.
“The capital raise marks a pivotal moment for the company, reflecting a renewed emphasis on bitcoin as the ongoing foundation of DigitalX’s digital asset strategy,” the firm said in a statement.
Industry Leaders Join Advisory Board
As part of the strategic placement, Animoca Brands Co-founder Yat Siu and Airvey.io CEO Hervé Larren have joined the advisory board of DigitalX. Their inclusion signals the company’s intent to align with globally recognised crypto leaders as it enters a new phase of growth.
The move comes amid a wider trend of corporate entities adopting crypto treasury strategies, following the high-profile success of early adopters like Michael Saylor’s MicroStrategy and Japan’s Metaplanet. The pro-crypto stance of US political figures, including former President Donald Trump, has also added momentum to the movement.
A Bold Step Towards Bitcoin-Backed Growth
DigitalX’s latest capital raise marks a significant step in its evolution from a former mining firm into a modern crypto asset manager with a sharp focus on long-term value creation through bitcoin. With support from some of the industry’s most influential figures and organisations, the company is well-positioned to ride the next wave of institutional bitcoin adoption.
