Australian crypto fund manager DigitalX has raised $13.5 million from a consortium of digital asset investors, signaling a renewed commitment to Bitcoin as the core of its investment strategy.
Fresh Capital to Strengthen Bitcoin Treasury
DigitalX, the only cryptocurrency fund manager listed on the Australian Securities Exchange (ASX), announced the successful completion of a A$20.7 million (US$13.5 million) strategic placement this week. The raise attracted significant backing from industry players, including Animoca Brands, ParaFi Capital, and UTXO Management.
The capital injection will primarily support an expansion of DigitalX’s Bitcoin holdings, with approximately $12.9 million earmarked for treasury allocation. The remainder will be directed towards operational expenses, working capital, and transaction-related costs.
Participants in the placement received shares at A$0.074 (US$0.048) per unit, with an additional incentive of one warrant for every two shares purchased. These warrants, exercisable at A$0.15 (US$0.10), carry an 18-month expiry.
Key Industry Figures Join Advisory Board
Alongside the funding, DigitalX has reinforced its leadership team by establishing a strategic advisory board, naming Animoca Brands Executive Chairman Yat Siu and Web3 investor Hervé Larren as initial appointees. The move reflects the company’s ambition to strengthen its strategic position within the digital asset investment space.
Commenting on his involvement, Siu noted his longstanding association with DigitalX and highlighted the company’s unique position within Australia’s regulatory environment.
He stated,
“As the only ASX-listed vehicle actively accumulating Bitcoin, DigitalX provides a rare opportunity for investors — including those with retirement portfolios — to gain exposure to Bitcoin via a regulated public market.”
Bitcoin as a Strategic Foundation
DigitalX’s latest capital raise marks a pivotal shift, underscoring Bitcoin’s continued prominence in its long-term strategy. In its announcement, the company stated,
“This capital raise marks a pivotal moment for the company, reflecting a renewed empha
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Author: Amara Khatri
