DigitalX Boosts Bitcoin Reserves with $13.5M Raise
DigitalX (DCC), Australia’s only ASX-listed crypto fund manager, has raised $20.7 million (US$13.5 million) from top-tier digital asset investors. The raise is aimed at expanding its Bitcoin treasury and solidifying its role in digital asset investment. Investors like Animoca Brands, UTXO Management, and ParaFi Capital took part in the round. Each investor received one warrant for every two shares purchased, exercisable at A$0.15 within 18 months.
This funding strengthens DigitalX’s strategy to build long-term Bitcoin exposure. The move reflects a wider trend of institutional interest in Bitcoin. The company aims to lead within the region’s crypto sector. Its enhanced treasury positions it for long-term growth.
Top Crypto Investors Rally Behind DigitalX
The capital raise drew support from Web3 leaders like Animoca Brands, UTXO Management, and ParaFi Capital. Their backing shows confidence in DigitalX’s Bitcoin-first vision. Animoca’s presence brings Web3 expertise and gaming market influence. UTXO and ParaFi are renowned for their smart investments and market insight. Their involvement adds credibility and strategic depth. This vote of confidence supports DigitalX’s plan to expand Bitcoin holdings. It highlights increasing alignment among Web3 players on Bitcoin’s long-term value. DigitalX now stands to gain not just capital, but valuable strategic connections.
Yat Siu Joins DigitalX Advisory Board
Yat Siu, Executive Chairman of Animoca Brands, has joined DigitalX’s new advisory board. He is joined by Web3 strategist Hervé Larren. Siu has a track record of visionary leadership in digital ownership and blockchain. He was already a prior investor in DigitalX and supports its Bitcoin-forward strategy. Siu’s experience will guide DigitalX through its next growth phase.
His appointment marks a governance upgrade and strategic evolution. Hervé Larren’s advisory role adds to this Web3-savvy leadership team. Together, they bring expertise and global perspective to DigitalX’s expansion.
Why Bitcoin Is a Gateway Asset
Yat Siu views Bitcoin as a powerful entry point into digital assets. He believes everyone should hold Bitcoin as a basic hedge. Once onboarded with Bitcoin, users often explore other on-chain tools. This on-ramp function is why DigitalX is increasing its holdings. Bitcoin offers a clear entry to DeFi, NFTs, and other Web3 products. Siu’s view aligns with DigitalX’s role as a digital economy facilitator. The firm aims to introduce more people and institutions to crypto. Holding Bitcoin is a strategic starting point for that mission.
Corporate BTC Treasuries on the Rise
DigitalX’s move follows a broader corporate trend to add Bitcoin to balance sheets. MicroStrategy set the benchmark with its early Bitcoin adoption in 2020. The firm now holds over 597,000 BTC, influencing others. Japan’s Metaplanet is pursuing a similar model for Asia. These companies use Bitcoin as a hedge and strategic reserve. DigitalX joins this movement through equity financing rather than debt. This signals a shift toward seeing Bitcoin as a financial tool, not speculation. Corporate treasury adoption continues to mature and expand.
Bitcoin Risks in Corporate Strategy Evaluated
Yat Siu addressed the risk of Bitcoin-heavy corporate strategies. He emphasized the importance of how the Bitcoin is acquired. Equity funding, like DigitalX’s raise, is seen as lower risk. Debt funding introduces more financial complexity and volatility.
Siu warned against companies using Bitcoin purely for media buzz. Long-term intent is what matters when evaluating a strategy. The structure behind the treasury plan is as important as the outcome. This perspective urges investors to scrutinize motivations, not just actions.
DigitalX’s Bitcoin Vision: Just the Beginning
Siu encouraged investors to focus on companies with real crypto utility. He noted that DigitalX is not done — this is just the start. Their Bitcoin accumulation is part of a long-range plan. Siu’s comments reflect a belief in building meaningful digital asset exposure. The company’s next steps may include deeper integration with Bitcoin-based products. DigitalX wants to be more than a holder — it seeks to be a builder. This aligns with long-term trends in decentralized finance. Bitcoin is the base layer for a broader innovation roadmap.
