Australian digital asset manager DigitalX has raised A$20.7 million (US$13.5 million) in strategic funding, with the majority going towards direct Bitcoin purchases.
High-profile investors like Animoca Brands, ParaFi Capital, and Metaplanet’s CEO are backing DigitalX's 'Bitcoin-first' approach.
The company plans to allocate A$19.7 million (US$12.8 million) to increase its Bitcoin holdings while the rest will cover expenses and operations.
DigitalX reinforces its role as a key player in institutional crypto adoption in Australia and aims to serve as a regulated bridge for investors entering the Bitcoin space.