DigitalX Secures A$20.7M to Boost Bitcoin Reserves and Expand “Bitcoin-First” Strategy

On July 8, DigitalX, a prominent Australian crypto asset manager, secured a strategic investment totaling 20.7 million Australian dollars (around 13.48 million USD) from leading institutional backers such as Animoca Brands, UTXO Management, and ParaFi Capital. This capital injection is earmarked to bolster DigitalX’s Bitcoin reserves, reinforcing its commitment to a Bitcoin-first investment approach. Following the completion of this funding round, DigitalX’s total assets under management are projected to surpass 95 million Australian dollars, marking a significant milestone in its growth trajectory. Additionally, the company has enhanced its governance framework by appointing industry veterans Yat Siu and Hervé Larren to its advisory committee, aiming to leverage their expertise for strategic guidance. This development underscores DigitalX’s ambition to solidify its position within the competitive crypto asset management landscape.