Australian crypto firm boosts digital asset strategy with major investor backing
Strategic Capital Raise Led by Key Crypto Investors
Australian crypto asset manager DigitalX has secured 20.7 million Australian dollars (around 13.5 million US dollars) in fresh funding from a group of high-profile crypto investors. The strategic placement saw participation from leading names such as Animoca Brands, UTXO Management, ParaFi Capital, and Simon Gerovich, the CEO of Japan-listed Metaplanet, who invested in a personal capacity.
Shares were issued at 7.4 Australian cents each, slightly below recent market prices, with one warrant offered for every two shares subscribed. The warrants are exercisable at 15 Australian cents per share and will expire 18 months from their issue date. DigitalX’s stock surged nearly 42 percent on Tuesday, trading above 11 Australian cents following the announcement.
Major Push to Expand Bitcoin Treasury
Of the total funds raised, approximately 19.7 million Australian dollars (12.9 million US dollars) will be channelled directly into increasing the company’s bitcoin treasury. DigitalX currently holds 65 BTC outright and manages its own bitcoin exchange-traded fund. Following this latest funding round, the firm’s combined holdings in bitcoin and other digital assets are set to surpass 95 million Australian dollars.
DigitalX’s move reflects a growing trend among publicly listed firms to strengthen their digital asset reserves, inspired by the early success of companies like MicroStrategy and Metaplanet. Metaplanet itself ranks as the fifth-largest public holder of bitcoin, with 15,555 BTC in its treasury.
Long-standing Commitment to Bitcoin
Listed in 2014 initially as a bitcoin mining firm, DigitalX has consistently maintained a strong belief in bitcoin’s role as a store of value. The recent capital raise underscores a renewed emphasis on bitcoin within the company’s broader digital asset strategy. In a statement, the firm described the funding as a pivotal moment, reaffirming bitcoin as the foundation of its long-term vision.
Advisory Board Gains Industry Leaders
Alongside the capital injection, DigitalX has added prominent figures to its advisory board. Yat Siu, co-founder of Animoca Brands, and Hervé Larren, CEO of Airvey.io, have joined as advisors to support the company’s strategic direction and growth in the evolving digital asset space.
Crypto Adoption Gaining Momentum
The move by DigitalX comes amid a wider corporate trend towards bitcoin adoption. Encouraged by the advocacy of figures such as Michael Saylor and Metaplanet’s leadership, and further energised by recent pro-crypto statements from US President Donald Trump, many companies have begun integrating bitcoin into their treasury management strategies. DigitalX’s latest funding round positions it firmly within this expanding cohort of institutional bitcoin holders.
