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DigitalX has secured A$20.7 million as strategic funding to expand its Bitcoin treasury.
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The majority of the funds (A$19.7M) will be allocated to direct Bitcoin purchases.
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Notable investors include Animoca Brands, ParaFi Capital, and the CEO of Metaplanet.
Australian digital asset manager DigitalX has raised A$20.7 million (approximately US$13.5 million) in a strategic funding round, reinforcing its commitment to a “Bitcoin-first” treasury strategy.
Listed on the ASX, the company said the capital raise was supported by major crypto investors, including Animoca Brands, UTXO Management, and ParaFi Capital. DigitalX plans to use the proceeds primarily to expand its Bitcoin holdings.
From the latest round, around A$19.7 million (about US$12.8 million) will be reserved for increasing Bitcoin holdings, while the remainder will cover offer costs and general corporate purposes.
Alongside the financing, DigitalX has strengthened its strategic advisory board by appointing Yat Siu, co-founder of Animoca Brands, and Hervé Larren, CEO of Airvey.io. Both bring deep experience in crypto and digital assets and are expected to provide valuable guidance on Bitcoin strategy and investor relations.
This move further solidifies DigitalX’s position as a key player driving institutional cryptocurrency adoption in Australia.
Bitcoin-First Treasury Approach
DigitalX’s latest steps align with the playbook of well-known global Bitcoin advocates like MicroStrategy and Japan’s Metaplanet, which prioritize accumulating Bitcoin as a primary treasury asset.
Since debuting on the ASX as a Bitcoin miner in 2014, DigitalX has maintained Bitcoin as a central asset on its balance sheet.
The company currently holds 65 BTC directly, and its proprietary Bitcoin ETF (BTXX) comprises 881,000 units, equivalent to roughly 193 BTC.
Combined, DigitalX’s Bitcoin position is approximately US$43.3 million in value.
The raise was conducted with warrants attached at A$0.074 (US$0.048) per share and attracted strong interest from both institutional and strategic investors.
Notably, Simon Gerovich, CEO of Metaplanet listed in Tokyo, participated in the round personally.
Support from prominent global crypto players highlights growing institutional confidence in Bitcoin as a long-term store of value and signals a broader shift toward regulated, transparent avenues for gaining digital asset exposure.
Enhanced Credibility
Interim CEO Demetrios Christou described the investment as an “important milestone,” noting that the capital and backing from globally respected Bitcoin proponents will help DigitalX maintain strategic focus and create long-term value for shareholders.
Yat Siu characterized Bitcoin as a “reserve asset for Web3 digital gold,” pointing to DigitalX as one of the best routes for Australian investors to gain exposure.
Beyond increasing its Bitcoin holdings, this funding round strengthens DigitalX’s role as a regulated, ASX-listed bridge for both institutional and retail investors seeking transparent access to the Bitcoin market.