According to BlockBeats, Australian crypto asset management firm DigitalX has received a strategic investment of 20.7 million AUD (approximately 13.48 million USD) from institutional investors including Animoca Brands, UTXO Management, and ParaFi Capital.
The funds will be used to expand DigitalX's Bitcoin reserves, reinforcing the company's 'Bitcoin-first' strategy. Following the completion of this transaction, DigitalX's total assets will exceed 95 million AUD. As part of this financing round, Yat Siu and Hervé Larren will join the company's advisory board.