DigitalX sells 80 Bitcoin, lifts cash reserves to $21 million

The Australia-listed company now holds 283 BTC and ranks 79th on the Bitcoin 100 list, BitcoinTreasuries.NET said in a post on X.

BTC

Summary

DigitalX has sold 80 Bitcoin to increase its cash reserves to $21 million, leaving the Australia-listed company with 283 BTC on its balance sheet. BitcoinTreasuries.NET said the move places DigitalX at No. 79 in its Bitcoin 100 ranking, a list that tracks corporate Bitcoin holdings. The sale shows how listed companies can actively manage treasury exposure by shifting part of their Bitcoin holdings into cash while remaining invested in the asset.

Terms & Concepts
  • Bitcoin 100: A ranking of companies by Bitcoin holdings.
  • treasury exposure: A company’s balance-sheet exposure to an asset.