DigitalX Gains $13 Million to Boost Bitcoin Assets

Overview

DigitalX, a prominent crypto asset manager from Australia, has successfully raised 20.7 million Australian dollars (approximately $13.5 million USD) from notable investors, including Animoca Brands, UTXO Management, and ParaFi Capital. The majority of these funds, nearly 19.7 million Australian dollars, will be directed towards enhancing DigitalX’s bitcoin treasury, now totaling over 95 million Australian dollars.

Key Details

Total Raised: 20.7 million AUD
Use of Funds: Boost bitcoin treasury to include an additional 65 BTC.

DigitalX, recognized for its bitcoin-focused investment strategies, plans to deepen its commitment to bitcoin as a valuable asset. Following the funding round, shares of DigitalX surged by nearly 42%, reflecting strong investor confidence in their strategic direction.

“The funds will be used to increase DigitalX’s bitcoin treasury, bringing its total bitcoin and digital holdings to over 95 million Australian dollars.” (Translation: Les fonds seront utilisés pour augmenter le trésor bitcoin de DigitalX, portant ses avoirs totaux en bitcoins et en actifs numériques à plus de 95 millions de dollars australiens.)

For more on DigitalX and its investment strategies, please refer to the provided links.