DigitalX secures over $20 million via a strategic placement to expand its Bitcoin strategy
ASX-listed DigitalX Limited have announced that it has secured firm commitments to raise approximately $20.7 million via a strategic placement to global digital asset investors Animoca Brands, UTXO Management, and ParaFi Capital, among other investors.
This capital raise marks a pivotal moment for DigitalX, reflecting a renewed emphasis on Bitcoin as the ongoing foundation of the company’s digital asset strategy and signaling strong institutional endorsement from leaders in the global digital asset ecosystem. Investors in the placement also included CEOs of top publicly listed global Bitcoin companies as well as executives and founders of major crypto investment funds. Notable participants also include Simon Gerovich, the President and CEO of Tokyo Stock Exchange-listed Metaplanet Inc., who invested in a personal capacity.
DigitalX’s strategy execution will be bolstered by the intended addition to the Advisory board of digital asset industry veterans Yat Siu and Hervé Larren.
Yat Siu is the Co-Founder and Executive Chairman of Animoca Brands, a global Web3 leader and investor. Siu is a veteran technology entrepreneur who has been at the forefront of consumer blockchain adoption, championing digital property rights for all Internet users. Under his leadership, Animoca Brands has grown into a multi-billion dollar enterprise with over 570 Web3-focused portfolio companies, and recently established a joint venture with Standard Chartered Bank and HKT with the intention to issue a licensed stablecoin. Siu has been internationally recognised for his contributions to the blockchain industry and is also a member of the Web3 task force advising the Hong Kong government on digital assets.
Hervé Larren is the CEO and Founder of Airvey.io, a leading US-based Web3 advisory firm.
Since discovering Bitcoin in 2013, he has helped guide over 20 projects to a combined market capitalisation exceeding $15 billion. Prior to his career in digital assets, Larren worked at LVMH.
The advisory board’s role will be to provide ongoing strategic advice focused on Bitcoin and securing access to investors and non-dilutive funding, while ensuring that DigitalX maintains strong connections within the global digital asset community.
DigitalX Interim CEO Demetrios Christou commented, “This strategic investment marks a significant milestone for DigitalX as we continue to focus on Bitcoin as the core of our treasury strategy. The backing of these globally-recognised leaders in the Bitcoin space not only provides the capital to expand our Bitcoin holdings but also provides invaluable strategic expertise and access to their networks. This partnership ensures DigitalX is well-positioned to execute its focused strategy and deliver long-term value for our shareholders.”
DigitalX Non Executive Chairman Leigh Travers, added, “I’m excited to announce that after engaging with major global crypto equity investors, as well as our current major shareholders, it’s clear there’s very strong demand for a singular and focused digital asset treasury strategy centered on Bitcoin and listed on the ASX. We have listened to this valuable feedback and are proud to welcome some of the largest and most well regarded crypto investors in the space to our cap table. We look forward to collaborating with our strategic shareholders and advisors to enhance our presence in both local and global markets and to execute on this Bitcoin strategy for DigitalX.”
Animoca Brands Co-Founder and Executive Chairman Yat Siu said, “Bitcoin is the reserve asset of Web3 – digital gold. We are excited to expand broader access to Bitcoin in Australia with DigitalX to help empower communities with the tools for digital ownership and financial sovereignty. The partnerships with global heavyweights such as UTXO, ParaFi and others makes DigitalX the premier vehicle for Bitcoin access in Australia.”
