Quick Recap
- $12.9 million is going directly into bitcoin
- Supported by leading investors such as the CEO of Metaplanet and Animoca Brands
- Another sign that fund managers are getting serious about crypto
Big Move: Fund Manager DigitalX Bets Bigger on Bitcoin
In a bold step forward, Australian fund manager DigitalX has raised AU$20.7 million (around US$13.5 million) to significantly grow its bitcoin holdings.
This isn’t just a casual investment—it’s a clear sign that the company is going all-in on bitcoin as the backbone of its digital asset strategy.
The majority of the funds—about $12.9 million—are going straight into buying more bitcoin. The rest will help cover the costs of the raise and give the business some extra breathing room with working capital.
This latest move shows that DigitalX, like a growing number of other fund managers, is seeing bitcoin not just as a speculative asset, but as a long-term store of value worth building a strategy around.
Who’s Backing This Fund Manager’s Bitcoin Game Plan?
So, who’s putting their money behind this shift?
Well, it’s not just crypto diehards. Big names like Animoca Brands, ParaFi Capital, and UTXO Management all joined the raise.
And on top of that, some high-profile individuals also came on board—Metaplanet CEO Simon Gerovich, for example, is one of them.
To get specific, shares were priced at AU$0.074 (about US$0.048).
And as a sweetener, investors got one free warrant for every two shares, allowing them to buy more shares later at AU$0.15 (roughly US$0.10). Those warrants are valid for 18 months.
But money wasn’t the only thing added here.
The company also welcomed YatSiu, co-founder of Animoca Brands, and Hervé Larren, CEO of Airvey to its advisory board. That means more brainpower and strategic insight guiding DigitalX’s journey deeper into bitcoin.
More Fund Managers Are Turning to Bitcoin
If you’ve been keeping an eye on the crypto world recently, you might have seen that DigitalX isn’t the only player taking this route. In fact, more and more companies are starting to treat bitcoin as a serious part of their balance sheets.
Look at Michael Saylor’s MicroStrategy, or more recently, Metaplanet in Japan.
Both companies have been in the news pertaining to how bitcoin has become a key asset—and there has been a market response. Others are being inspired to get in by their success tales.
Even on the political front, things are shifting.
Former U.S. President Donald Trump has recently voiced support for crypto, which is giving fund managers and corporate leaders more confidence to make bold moves in this space.
For DigitalX, this isn’t just about keeping up with the trend—it’s about leading the charge.
So, What’s the Endgame for DigitalX?
This raise isn’t just about stacking bitcoin. It’s about sending a clear message: DigitalX is in this for the long haul.
By boosting its bitcoin treasury, bringing on respected advisors, and aligning with top investors, the company is setting itself up for long-term growth.
If bitcoin continues to rise—as many believe it will—DigitalX could be in a very strong position.
And more importantly, they’re not just talking about believing in crypto—they’re putting real money behind it.
Why This Matters
At a time when some still see crypto as risky or speculative, moves like this show a different story.
For DigitalX and other bold fund managers, bitcoin is becoming part of a real business strategy—not just an experiment.
And that shift? It’s happening fast.