Australian crypto fund manager DigitalX announced on Tuesday that it had raised A$20.7 million ($13.5 million) from crypto investors, including Animoca Brands, UTXO Management, and ParaFi Capital.
Approximately $12.9 million will be allocated to expand its bitcoin treasury, while the remaining funds will cover the costs of the offer and 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 press release said.
The strategic placement also involves investment from CEOs of publicly listed firms, including Metaplanet CEO Simon Gerovich.
Each share was priced at A$0.074 ($0.048), while each investor received one warrant for every two shares subscribed, exercisable at A$0.15 (US$0.10) per share and expiring 18 months from its issue date.
With the raise, DigitalX added Animoca Co-founder Yat Siu and Airvey.io CEO Hervé Larren to its advisory board.
Following the demonstrated success of early adopters such as Michael Saylor’s Strategy and Metaplanet, dozens of companies embraced crypto corporate treasury strategies in recent months. U.S. President Donald Trump’s ongoing positive crypto advocacy further bolsters the movement.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
