DigitalX Limited, an Australian blockchain investment firm, has taken a significant step in its strategy to expand within the Solana ecosystem by revamping its board of directors. The company has brought in notable industry figures to help drive its growth in Solana staking and infrastructure investments.
This strategic shift positions DigitalX as a potentially influential player in the institutional segment of the Solana network ecosystem.
We’re thrilled to announce the appointments of Mr. Leigh Travers and Ms. Ieva Guoga as Non-Executive Directors on the DigitalX Board.
• Mr. Travers will also take on the role of Chair of the Company, bringing valuable experience from his previous positions as CEO of DigitalX and Binance Australia, among others. pic.twitter.com/OmjWJHIsiv
— DigitalX Ltd (@DigitalXLtd) May 19, 2025
Since November 2024, the company has been actively acquiring Solana (SOL), amassing a total of 83,279 SOL and securing a spot among the top five public holders of the cryptocurrency globally. Alongside its SOL holdings, DigitalX possesses 319.66 Bitcoin (BTC) and over AUD 6.44 million in various digital assets, giving it a competitive edge even as its market capitalization remains at AUD 50.4 million.
Board Changes Indicate Commitment to Solana and Global Markets
On May 19, 2025, DigitalX announced the appointment of Leigh Travers and Ieva Guoga as non-executive directors. Travers, who has previously served as CEO of both Binance Australia and DigitalX, is currently leading capital markets at Animoca Brands. His extensive experience across digital firms listed on ASX, NASDAQ, and CSE adds strategic depth to the board.
Ieva Guoga is making waves in Solana infrastructure, presently affiliated with SOL Strategies Inc., a blockchain company known for its high-efficiency validator network. Her connection to SOL Strategies is further enhanced by her familial ties to Antanas Guoga, also known as Tony G, the company’s chairman. This relationship may strengthen DigitalX’s alignment with Solana’s vital infrastructure, particularly its validator ecosystem.
The recent board restructuring also saw the departure of Toby Hicks as Chair and Davide Bosio as Director. Each new board member has been granted 10 million stock options, exercisable at AUD $0.10 within five years, showcasing a commitment to aligning their interests with shareholder value enhancement.
DigitalX Enhances Solana Footprint, Aims for Institutional Gateway
The timing of these strategic maneuvers coincides with a revival in the digital asset market, with Solana increasingly regarded by institutional players as a cornerstone for practical blockchain deployments and yield opportunities. DigitalX’s focus aligns with the growing trend of diversifying portfolios to incorporate both Bitcoin and strong Layer 1 assets like Solana.
Through its recent collaboration with SOL Strategies, the firm is staking its SOL assets with a validator network that prioritizes uptime and yield, converting its holdings into a structured, revenue-generating staking operation.
@solstrategies_ & @DigitalXLtd partner on institutional Solana staking entrusted to @BitGo’s custody.#Solana #Staking #SOLhttps://t.co/py8wXMGXE7
— Finance Newso.com (@Finance Newso) May 13, 2025
One of the key features of this partnership is that BitGo, a highly respected name in institutional cryptocurrency security, will handle the custody of these staking assets.
This collaboration with SOL Strategies also aligns with a new agreement with Superstate’s Opening Bell, which aims to facilitate the issuance and direct trading of SEC-registered public shares on blockchains, specifically starting with Solana. This initiative is currently awaiting regulatory approval.
A public company targets Solana for tokenized equity — @solstrategies_ collaborates with Superstate to explore this opportunity. #Solana #Tokenization #solhttps://t.co/1x9NxqDt1a
— Finance Newso.com (@Finance Newso) May 8, 2025
SOL Strategies has already distinguished itself as the first enterprise to list its shares through this innovative system, highlighting the growing integration of public markets with digital asset frameworks.
In early May, DigitalX’s acquisition of nearly 19,000 SOL, funded by the recently closed DigitalX Fund (DXF), brought its total SOL holdings to over 83,000. The company anticipates generating an annualized yield of 7–9%, which could translate to approximately AUD $350,000 in additional yearly revenue at current prices.
We have successfully expanded our Solana holdings to 83,150 SOL, acquiring 18,944 SOL through proceeds from digital assets in the recently concluded DigitalX Fund (DXF).
These holdings will be staked via our custody partner, BitGo, and this is expected to yield an annualized income of… pic.twitter.com/61p2bi9Ajq
— DigitalX Ltd (@DigitalXLtd) May 8, 2025
Interim CEO Demetrios Christou emphasized this shift in strategy from merely holding Bitcoin to engaging in yield-generating activities within the blockchain, which signals a strong belief in Solana’s future growth.
Despite the company holding a robust digital asset portfolio and producing AUD 2.5 million in annual recurring revenue through its fund management division, DigitalX’s trading performance is closely aligned with its net asset value (NAV), suggesting that the current valuation may be unsustainable.
A financial overview for the half-year ending December 2024 reveals a 36.3% revenue increase alongside a 3% decrease in operational expenditures. This trend shows a narrowing operating loss and a 24.9% jump in net assets compared to June 2024. These improvements, driven by staking initiatives and careful cost management, bring DigitalX closer to achieving profitability.
As DigitalX trims its operational costs while boosting revenue and expanding its digital asset holdings, it is evolving from a relatively quiet digital asset fund into a crucial institutional entry point for the Solana economy. There is a possibility of a significant revaluation, considering that peers like SOL Strategies have experienced valuation increases following similar strategic shifts.
The post DigitalX Turbocharges Solana Strategy with Strategic Board Shake-Up appeared first on Finance Newso.
