DigitalX receives AUD 20.7 million strategic investment to expand Bitcoin reserves, with participation from Animoca Brands and others

According to official announcements, Australian crypto asset management company DigitalX (ASX code: DCC, OTCQB code: DGGXF) announced that it has secured approximately AUD 20.7 million in confirmed subscription commitments through strategic placements by Animoca Brands, UTXO Management, ParaFi Capital, and other investors. In addition, Animoca Brands' joint venture Yat Siu will join DigitalX's proposed strategic advisory committee. Regarding the use of such allocation funds, approximately AUD 19.7 million will be used to expand the company's Bitcoin reserves, with the remaining funds used for the cost and working capital of this issuance. As part of this placement, the company's directors and related parties have committed to subscribing for AUD 610000 of placement shares with shareholder approval.