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DigitalX secures AU$20.7 million in strategic funding to expand its bitcoin treasury.
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The majority of the funds (AU$19.7 million) will be allocated to direct bitcoin purchases.
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Leading investors include Animoca Brands, ParaFi Capital and the CEO of Metaplanet.
Australian digital asset manager DigitalX has raised AU$20.7 million (US$13.5 million) in a new strategic financing round, reaffirming its commitment to a “Bitcoin-first” approach.
The ASX-listed company plans to use the proceeds to grow its bitcoin treasury, with backing from prominent crypto investors such as Animoca Brands, UTXO Management and ParaFi Capital.
DigitalX said it intends to allocate approximately AU$19.7 million (US$12.8 million) of the recent raise to strengthen its bitcoin holdings, with the remaining capital reserved for offer-related costs and general corporate purposes.
Alongside the funding, DigitalX has bolstered 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 cryptocurrencies and digital assets, and their involvement is expected to provide valuable insight into Bitcoin strategy and investor relations.
The move reinforces DigitalX’s position as a key participant in institutional crypto adoption within Australia.
Bitcoin-focused treasury approach
DigitalX’s latest decision aligns with the strategies of global bitcoin proponents like MicroStrategy and Japan’s Metaplanet, both known for aggressively accumulating bitcoin.
Since listing on the ASX in 2014 as a bitcoin miner, DigitalX has kept bitcoin as a central asset on its balance sheet.
Today, the company directly holds 65 BTC, plus 881,000 units of its own Bitcoin ETF (BTXX), which equates to roughly 193 BTC.
Combined, this represents a bitcoin position valued at about US$43.3 million.
The placing, priced at AU$0.074 (US$0.048) per share and bundled with attached warrants, drew significant interest from institutional and strategic investors.
Simon Gerovich, CEO of Tokyo-listed Metaplanet, personally participated in the round.
Support from leading global players in the crypto space highlights growing institutional confidence in bitcoin as a long-term store of value and signals a broader shift toward regulated, transparent pathways for gaining exposure to digital assets.
Enhancing credibility
Interim CEO Demetrios Christou described the investment as a “significant milestone,” noting that the capital and backing of respected bitcoin advocates worldwide will help DigitalX stay focused on its strategy and deliver long-term shareholder value.
Yat Siu called bitcoin “the digital gold reserve of Web3” and emphasized that DigitalX represents one of the best ways for Australian investors to gain exposure.
With this latest funding round, DigitalX is not only increasing its bitcoin holdings but also strengthening its role as a regulated, ASX-listed bridge for institutional and retail investors seeking exposure to the Bitcoin ecosystem.