DigitalX Don Raise $20.7M, Buy 500 BTC for $100M Treasury
DigitalX Limited, di only ASX-listed crypto fund manager for Australia, don hold strong im Bitcoin-first plan by securing A$28 million (US$20.7 million) strategic investment besides di earlier A$13.5 million capital raise. Since July 14, di company don buy 109.3 BTC, add 57.5 BTC on July 18 and 74.7 BTC on July 23, spend almost US$19.7 million. Dis kain buy bring their total holding to 499.8 BTC—now worth over US$100 million. Because dem get only Bitcoin as treasury asset and no plan to move enter altcoins, DigitalX firm their ground as one of di top company wey hold Bitcoin and show how big companies dem still dey look Bitcoin well-well as one long-term value storage.
Bullish
DigitalX big big Bitcoin buys afta multiple capital raises dey show sey company get correct confidence for Bitcoin as treasury asset. Dis continuous accumulation from ASX-listed fund manager dey increase demand from institutional side, e fit help keep Bitcoin price steady short term as traders dey expect more buying and for long term e dey boost Bitcoin role as digital store of value.