Australia’s only ASX-listed crypto fund manager, DigitalX, has just pulled off a major move — raising $13.5 million in fresh capital to supercharge its Bitcoin strategy. Big names like Animoca Brands, UTXO Management, and ParaFi Capital are backing the effort.
But this isn’t just another crypto fundraise. It’s a strong signal: Bitcoin is back in the spotlight.
For those wondering how much is Bitcoin right now, this surge in institutional interest is a strong indicator of renewed market confidence.
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So, Where’s All That Money Going?
Most of the funds — nearly $12.9 million — are headed straight into DigitalX’s Bitcoin treasury. That’s right, more Bitcoin holdings on the balance sheet.
The remaining cash? It’ll cover offer costs and keep operations running smoothly. Smart, simple, and focused.
Each share in the raise was priced at A$0.074 (US$0.048). Plus, investors scored a bonus — one warrant for every two shares. Those warrants can be exercised at A$0.15 (US$0.10) within 18 months. Not a bad deal if you believe in the long game.
Animoca Isn’t Just Writing Checks — It’s Steering the Ship
This raise isn’t just about the money. It’s about who’s involved.
Animoca Brands, a major Web3 player, didn’t just invest, rather; it advised the entire deal. They helped bring in other strategic investors and guided the process. Now, Yat Siu, Animoca’s co-founder, joins DigitalX’s newly formed Strategic Advisory Board, along with Hervé Larren, CEO of Airvey.io.
So, why is this a big deal?
Because it brings together two powerful forces, that are; traditional finance and Web3. And both are betting on Bitcoin as the foundation of the future.
Why exactly Bitcoin, and Why Now?
According to Yat Siu, this is just the start. He sees Bitcoin as the "original onboarder", the entry point to the entire digital asset world.
“We think everyone should hold some Bitcoin,” he said. “It’s a store of value. A hedge. And a way into broader crypto activity.”
For new investors wondering how to get Bitcoin, this message reinforces its role as the gateway into digital assets.
But isn’t it risky to go all-in on Bitcoin?
Siu doesn’t think so, not when it’s done right. “In an equity raise like this, the risk is low,” he said. “It only gets tricky when you take on debt.”
More Than a Trend?
DigitalX isn’t alone. Giants like MicroStrategy and Metaplanet have led the charge by loading up on Bitcoin. Now, more companies are jumping in, using it not just as an investment — but as part of their identity.
But Siu has a warning: not everyone is serious.
“Some companies do it for attention,” he said. “It works—for a while. But the ones who really understand Bitcoin? They’re building something long-term.”
So, if you’ve been asking when should I buy Bitcoin, moves like this from serious players may offer some clues.
So, What’s Next?
DigitalX has the cash, the support, and now, serious firepower on its board. Expect them to double down on their Bitcoin holdings and explore more Web3 opportunities.
And for the rest of us?
This move could be the blueprint. A sign of how traditional finance and crypto are no longer worlds apart, but starting to collide — and collaborate.
What do you think? Is Bitcoin becoming the new normal for corporate treasuries? Or is this just the calm before the next big crypto wave?
