DigitalX Boosts Bitcoin Treasury with $13.5M Raise Backed by Animoca, Metaplanet CEO
Australian digital asset manager DigitalX is ramping up its commitment to Bitcoin, raising A$20.7 million (US$13.5 million) in a strategic funding round supported by prominent crypto investors, including Animoca Brands, UTXO Management, and ParaFi Capital.
The bulk of the capital — approximately A$19.7 million (US$12.9 million) — will be directed toward increasing the firm’s Bitcoin treasury holdings, solidifying Bitcoin as the centerpiece of DigitalX’s asset strategy. The remaining funds will support operational costs 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 company said in an official statement on Tuesday.
Strategic Backing and Board Expansion
In addition to institutional support, the raise attracted high-profile individuals from the crypto space, including Simon Gerovich, CEO of Japan-based Bitcoin treasury firm Metaplanet, known for its aggressive Bitcoin acquisition strategy.
Each investor subscribed to shares priced at A$0.074 (US$0.048), and received one warrant per two shares, exercisable at A$0.15 (US$0.10) with an 18-month expiration. The structure provides long-term upside for investors bullish on DigitalX’s growth trajectory and crypto positioning.
Further bolstering its leadership, DigitalX announced the appointment of Yat Siu, Co-founder of Animoca Brands, and Hervé Larren, CEO of Airvey.io, to its advisory board. Both bring deep expertise in blockchain innovation and digital finance, signaling an ambition to scale both strategically and globally.
Riding the Corporate Bitcoin Wave
DigitalX’s move follows a growing trend of public companies embracing Bitcoin not just as an asset but as a core treasury strategy. Inspired by early adopters like Michael Saylor’s Strategy and more recent entrants such as Metaplanet, corporate treasuries are increasingly seeking exposure to crypto’s long-term value potential.
This momentum is further fueled by evolving regulatory narratives and positive political sentiment, particularly in the U.S., where former President Donald Trump has emerged as a vocal supporter of crypto innovation and adoption.