5 hours ago
Crypto plus manager DigitalX (DCC) has locked successful 20.7 cardinal australian dollar ($13.5 million) from heavyweight crypto investors to deepen its absorption connected bitcoin (BTC).
The placement attracted backing from Animoca Brands, UTXO Management and ParaFi Capital, alongside idiosyncratic contributions from executives successful the crypto space. One of those participants is Simon Gerovich, President and CEO of Japan-listed Metaplanet, who invested successful a idiosyncratic capacity.
Metaplanet (3350) is presently the fifth-largest publically traded bitcoin treasury company, with 15,555 BTC connected its equilibrium sheet.
DigitalX plans to funnel astir 19.7 cardinal australian dollar ($12.9 million) from the rise straight into boosting its bitcoin treasury, gathering connected a stash that already includes 65 BTC held outright. The steadfast manages its ain bitcoin ETF.
Altogether, its assets successful bitcoin and different integer holdings volition ascent supra 95 cardinal AUD pursuing the placement.
Listed successful 2014 arsenic a bitcoin mining company, DigitalX has been a long-time proponent of bitcoin’s imaginable arsenic a store of value.
In the placement, shares successful DigitalX were issued astatine 7.4 australian cents each, a flimsy discount to caller trading levels, with further warrants offered pending shareholder approval.
Shares of DigitalX roseate astir 42% connected Tuesday, jumping to implicit 11 australian cents.
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