DigitalX Raises $20.7 Million: The Company Cement Its Role as Australia’s Bitcoin Trailblazer

DigitalX Limited, an ASX-listed technology and investment company based in Australia, has announced a milestone in its journey as a leader in Bitcoin and crypto. Making Aussies Proud.

The company, known for being the world’s first publicly listed blockchain technology firm, recently secured a $20.7 million strategic investment, solidifying its position in the market. This investment shows DigitalX’s commitment to its Bitcoin-first strategy.

Ieva Guoga, Non-Executive Director, stated:

This milestone reinforces our Bitcoin-first, Bitcoin-focused strategy. As one of the world’s first listed Bitcoin miners in 2014, DigitalX has been at the forefront of crypto innovation. Today, we’re leveraging that early leadership to set the institutional standard for Bitcoin exposure in Australia.

https://twitter.com/DigitalXLtd/status/1947886749507850672?ref_src=twsrc%5Etfw” rel=”nofollow” target=”_blank

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DigitalX: From Early Bitcoin Miner to Australia’s Institutional Crypto Leader

Founded in 2014, DigitalX began as one of the first listed BTC ▼-1.28% miners. Over the years, it has grown into a key player in digital asset management and blockchain technology. Now, the company focuses on providing institutional-grade Bitcoin exposure, serving high-net-worth individuals and institutional investors through its managed funds.

The $20.7 million strategic investment marks a pivotal moment for DigitalX. While specific plans for the funds remain undisclosed, the investment aligns with the company’s Bitcoin-first approach. Following the announcement, DigitalX has actively increased its Bitcoin holdings, reinforcing its dedication to this strategy.

In recent weeks, DigitalX has significantly expanded its Bitcoin portfolio. On July 14, it invested $19.7 million to acquire 109.3 BTC. Additional purchases followed, with 57.5 BTC added on July 18 and 74.7 BTC on July 23. The company now holds nearly 500 BTC, valued at over $100 million.

DigitalX’s focus on Bitcoin is a growing trend among corporations, which view it as a valuable treasury asset. By prioritizing Bitcoin, DigitalX positions itself as a leader in Australia, much like Strategy in the U.S.

With this milestone, DigitalX strengthens its pioneering role in the crypto space. As Australia’s digital asset landscape grows, DigitalX’s early expertise and proactive stance will stamp it as a standout Bitcoin company.

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