Back

DigitalX Limited Invests $19.7 Million in Bitcoin, Acquiring 109.3 BTC

DigitalX Limited’s latest investment increases its Bitcoin holdings to 367.3 BTC, reinforcing its commitment to a Bitcoin-first treasury strategy.

BTC

Summary

DigitalX Limited has invested approximately AUD 19.7 million to acquire 109.3 BTC, raising its total holdings to 367.3 BTC. This includes 174.4 BTC held directly and 192.9 BTC through the ASX Bitcoin ETF (BTXX). This strategic move highlights DigitalX's focus on enhancing shareholder value through significant Bitcoin investments.

Terms & Concepts
  • Bitcoin ETF: An exchange-traded fund that tracks the price of Bitcoin, allowing investors to gain exposure without directly holding the cryptocurrency.
  • ASX: The Australian Securities Exchange, the primary securities exchange in Australia, where various financial products, including ETFs, are traded.
  • BTC: The abbreviation for Bitcoin, a decentralized digital currency that enables peer-to-peer transactions.