Australian crypto asset management firm DigitalX (DCC) has successfully garnered $13.54 million (USD) from prominent investors to bolster its Bitcoin (BTC) treasury.
Specifically, the only publicly traded crypto fund manager on the ASX has secured “firm commitments” to raise approximately $20.7 million (AUD), with shares trading at 7.4 Australian cents each.
Notable global crypto investors participating in this placement include Animoca Brands, UTXO Management, and ParaFi Capital, as indicated in the company’s announcement. Additionally, several CEOs of publicly listed Bitcoin companies and leaders from various crypto investment funds have also joined the funding round, although their names have not been disclosed.
Among the participants, Simon Gerovich, the President and CEO of Metaplanet—a Tokyo Stock Exchange-listed company—has made a personal investment. Metaplanet is noted as the fifth-largest publicly traded BTC treasury holder, currently managing 15,555 BTC.
DigitalX Limited (ASX:DCC) has secured a $20.7 million strategic investment from global digital asset leaders Animoca Brands, UTXO Management, and ParaFi Capital.
The funds will expand DigitalX’s Bitcoin treasury, reinforcing our Bitcoin-first strategy. Upon completion,… pic.twitter.com/OEoxibUYyw
— DigitalX Ltd (@DigitalXLtd) July 8, 2025
Of the total investment, DigitalX plans to allocate $19.7 million toward expanding its Bitcoin treasury, while the remaining funds will cover the associated costs and working capital. Additionally, Animoca Brands will earn a 3% advisory fee on the raised capital.
DigitalX, which began as a Bitcoin mining company in 2014, now directly holds 65 BTC and possesses 881,000 units in its Bitcoin ETF (BTXX), equivalent to 193 BTC. With this latest fundraising, the total value of its assets is expected to surpass $95 million, encompassing BTC, digital assets, and cash, according to company representatives.
The press release emphasized that “this capital raise marks a pivotal moment for the Company, reflecting a renewed emphasis on Bitcoin as the ongoing foundation of DigitalX’s digital asset strategy.” It further highlights “strong institutional endorsement from leaders in the global digital asset ecosystem.”
Interim CEO Demetrios Christou commented on the significance of the investment, stating, “the backing of these globally-recognised leaders in the Bitcoin space not only provides the capital to expand our Bitcoin holdings but also offers invaluable strategic expertise and access to their networks.”
Additionally, DigitalX has made strategic updates to its Advisory board, appointing Yat Siu and Hervé Larren as new members.
Siu, co-founder and executive chairman of Animoca Brands—a venture capital firm focused on metaverse and gaming—also serves on a Web3 task force advising the Hong Kong government on digital assets. Under his leadership, Animoca Brands has cultivated over 570 Web3-focused portfolio companies alongside partnerships with Standard Chartered Bank and HKT for a licensed stablecoin venture.
On the other hand, Larren is the founder and CEO of Airvey.io, a Web3 advisory firm based in the U.S., with a noteworthy background in working on projects that have collectively exceeded a market capitalization of $15 billion.
Furthermore, UTXO Management has the right to nominate one non-executive director as part of their investment arrangement.
Great to support @DigitalXLtd (ASC:DCC) in their mission to bring $BTC and digital assets down under. Australia has always been a special place to us and @animocabrands legacy. Great to partner up with @UTXOmgmt @paraficapital @gerovich and others! https://t.co/fhPIMakal1
— Yat Siu (@ysiu) July 8, 2025
Non-Executive Chairman Leigh Travers noted the profound demand for a specific digital asset treasury strategy focused solely on Bitcoin within the ASX. Siu echoed this sentiment, declaring, “Bitcoin is the reserve asset of Web3 – digital gold.”
He elaborated, stating, “We are eager to expand broader access to Bitcoin in Australia with DigitalX to empower communities with the tools for digital ownership and financial sovereignty. Collaborating with global powerhouses like UTXO, ParaFi, and others positions DigitalX as the leading platform for Bitcoin access in Australia.”
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