DigitalX (DCC), Australia’s only ASX-listed crypto fund manager, has successfully raised A$20.7 million (US$13.5 million) to significantly expand its Bitcoin holdings and strengthen its strategic advisory capabilities.
The capital raise attracted prominent digital asset investors including Animoca Brands, UTXO Management, and ParaFi Capital, reflecting growing institutional confidence in Bitcoin as a core portfolio asset.
According to COINOTAG, Animoca’s Executive Chairman Yat Siu emphasized Bitcoin’s role as a gateway to the broader digital asset ecosystem and highlighted DigitalX’s unique position as a leading Bitcoin accumulator on the ASX.
DigitalX raises A$20.7M to boost Bitcoin holdings and appoints new advisory board, reinforcing its position as Australia’s premier ASX-listed crypto fund manager.
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DigitalX’s recent capital raise, priced at A$0.074 per share with attached warrants exercisable at A$0.15, underscores a strategic move to deepen its Bitcoin accumulation. Approximately $12.8 million of the proceeds are earmarked for direct Bitcoin purchases, while the remainder will support operational expenses and working capital. This approach demonstrates a balanced strategy, combining asset growth with sustainable business operations.
The participation of leading investors such as Animoca Brands, UTXO Management, and ParaFi Capital not only provides capital but also strategic value. The appointment of Animoca’s Executive Chairman Yat Siu and Web3 expert Hervé Larren to DigitalX’s advisory board signals a commitment to leveraging deep industry expertise. Siu’s insights highlight the significance of DigitalX’s ASX listing, enabling Australian investors to gain regulated exposure to Bitcoin through superannuation funds, a critical factor in broadening institutional adoption.
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Source: https://en.coinotag.com/digitalx-raises-13-5-million-to-potentially-expand-bitcoin-holdings-and-advisory-board/