DigitalX on ASX Lands Whopping $13.5M Institutional Bet to Supercharge Bitcoin Reserves

Institutional money floods in as ASX-listed DigitalX locks down $13.5 million to bulk up its Bitcoin war chest. Wall Street's late to the party—again—but the check cleared.

Why it matters: When traditional finance finally wakes up to crypto, they bring dump trucks of capital. DigitalX just got a fresh load.

The play: Stacking sats with institutional backing turns cautious accumulation into strategic offense. Meanwhile, hedge funds still debating "Is Bitcoin real?"

Bottom line: $13.5 million buys a lot of orange-pill ammunition. The institutions are coming—whether they understand what they're buying or not.

DigitalX Aims to Strengthen BTC Holdings

The ASX-listed firm follows the demonstrated success strategy of early Bitcoin adopters, including Michael Saylor’s Strategy and Metaplanet, which has been aggressively accumulating the largest crypto.

DigitalX noted that about AU$19.7 million ($12.8 million) will be deployed into expanding the company’s Bitcoin treasury, with the remainder allocated to costs of the offer and working capital.

In 2014, DigitalX listed as BTC mining firm and has been actively engaging in holding BTC to its balance sheet. The firm currently holds 65 Bitcoin directly and 881k units in its Bitcoin ETF (BTXX), worth around $43.3 million. Following the placement, DigitalX’s total assets will exceed $95 million in Bitcoin, and cash.

“This strategic investment marks a significant milestone for DigitalX as we continue to focus on Bitcoin as the Core of our treasury strategy,” Interim CEO Demetrios Christou noted. “This partnership ensures DigitalX is well-positioned to execute its focused strategy and deliver long-term value for our shareholders.”