DigitalX (DCC), Australia’s sole ASX-listed crypto fund manager, has raised A$20.7 million (US$13.5 million) from a consortium of digital asset investors to expand its Bitcoin holdings and establish a new strategic advisory board.

The placement, priced at A$0.074 (US$0.048) per share, drew participation from Animoca Brands, UTXO Management, and ParaFi Capital. 

Investors received one warrant for every two shares, exercisable at A$0.15 (US$0.10) and expiring in 18 months.

The company said $12.8 million would be used to purchase additional Bitcoin, with the remainder to go towards operational costs and working capital.

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Author: Sebastian Sinclair

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