Australian crypto asset management company DigitalX raises approximately $13.50 million to purchase Bitcoin; Animoca founder joins advisory board

On July 8, according to Decrypt, Australian crypto asset management company DigitalX has completed a 20.70 million AUD (approximately $13.50 million USD) financing round to expand its Bitcoin holdings. Investors participating in this round include Animoca Brands, UTXO Management, and ParaFi Capital. DigitalX stated that approximately $12.80 million USD will be used to purchase Bitcoin, with the remaining funds allocated for operating costs and working capital. Additionally, Animoca Brands Executive Chairman Yat Siu and Web3 advisor Hervé Larren have joined DigitalX's newly formed advisory board. [Deep Tide TechFlow]