- DigitalX secured $13.5M for expanding Bitcoin strategy.
- Yat Siu joins DigitalX’s advisory board.
- Focus remains Bitcoin-first over other assets.
DigitalX Ltd. has successfully raised approximately $13.5 million, facilitated by Animoca Brands, guiding the company’s expansion in Bitcoin reserves through the ASX-listed DigitalX Bitcoin ETF.
DigitalX’s capital raise reflects growing institutional interest in Bitcoin, aligning with a broader trend of regulated financial products. This strategic move aims to enhance market confidence and boost DigitalX’s position within the crypto ecosystem.
Yat Siu, known for leading Animoca Brands, joins DigitalX’s advisory board after orchestrating a significant capital raise. The funding focuses on expanding DigitalX’s Bitcoin reserves, bolstering its ASX-listed ETF. Animoca’s involvement highlights a key shift towards institutional Bitcoin holding.
The influx of funds directly impacts Australia’s crypto landscape, potentially attracting more institutional players. The focus on Bitcoin suggests a strategic stance favoring long-term value retention. Industry leaders show confidence in Bitcoin as a stable digital reserve.
Financial repercussions include a potential increase in Bitcoin ETF assets under management. Community attention will likely concentrate on DigitalX’s strategic enhancement of their Bitcoin holdings. The investment signals a pivotal change in how traditional markets approach crypto assets.
Bitcoin is the reserve asset of Web3 – digital gold. — Yat Siu, Executive Chairman, Animoca Brands
Leigh Travers also highlights the escalating demand for Bitcoin-centric strategies listed on ASX. The alliance of prominent market players with DigitalX could catalyze further growth and integration into mainstream financial sectors.
