Australian crypto fund manager DigitalX has raised A$20.7 million (US$13.5 million) through a strategic placement led by several high-profile investors including Animoca Brands, UTXO Management, ParaFi Capital, and Simon Gerovich, the CEO of Japan’s Bitcoin-heavy public company Metaplanet.
Bitcoin Treasury Expansion as Core Focus
According to the announcement made on July 8, DigitalX will allocate approximately US$12.9 million of the raised capital toward expanding its Bitcoin treasury, reinforcing its long-term commitment to the asset as the cornerstone of its digital asset strategy. The remaining funds will be used to support offer-related expenses and general working capital.
“This capital raise marks a pivotal moment for the company, reflecting a renewed emphasis on Bitcoin as the ongoing foundation of DigitalX’s digital asset strategy,” the company stated.
Investor Terms and New Advisory Board Appointments
Each share in the offering was priced at A$0.074 (US$0.048), with each investor receiving one warrant for every two shares. These warrants are exercisable at A$0.15 (US$0.10) and will expire 18 months from the issuance date.
DigitalX has also strengthened its leadership by adding Animoca Brands Co-founder Yat Siu and Airvey.io CEO Hervé Larren to its advisory board. Both individuals are known for their strategic vision in Web3 and blockchain innovation.
Institutional Bitcoin Adoption Gathers Steam
DigitalX’s treasury expansion comes at a time when corporate Bitcoin accumulation is accelerating globally. Inspired by leaders like MicroStrategy’s Michael Saylor and Metaplanet in Japan, a growing number of companies are adding Bitcoin to their balance sheets as a hedge and growth asset.
U.S. political support, including recent advocacy from President Donald Trump, continues to add momentum to this shift. The broadening of institutional interest is shaping a new phase in the digital asset industry, one where treasury strategies increasingly revolve around Bitcoin.
Looking ahead
DigitalX’s latest raise confirms Bitcoin’s growing role as a strategic reserve asset, not just among tech companies, but also within financial services and asset management. With institutional support and global policy tailwinds, Bitcoin treasury adoption is no longer fringe—it’s fast becoming a mainstream corporate strategy.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.