Cryptocurrency Asset Management Company DigitalX has raised 20.7 million AUD to increase its Bitcoin holdings.

BlockBeats News, July 8th, Australian crypto asset management company DigitalX has secured a A$20.7 million (approximately $13.48 million) strategic investment from institutional investors including Animoca Brands, UTXO Management, and ParaFi Capital.

This funding will be used to expand DigitalX's Bitcoin reserves, further strengthening the company's "Bitcoin-first" strategy. Following the transaction, DigitalX's total assets will exceed A$95 million. As part of this financing, Yat Siu and Hervé Larren will join the company's advisory board.