DigitalX, a cryptocurrency asset management company in Australia, has successfully raised over 20 million AUD from top strategic investors.
The raised capital will focus on increasing Bitcoin reserves while ensuring it is used for operational costs and business development, with the participation of reputable founders and investment funds.
MAIN CONTENT
DigitalX received an investment commitment of approximately 20.7 million AUD through the private placement.
19.7 million AUD will be used to increase Bitcoin reserves.
Animoca Brands founder Yat Siu joins the strategic advisory board of DigitalX.
Which investors is DigitalX raising capital from and what are the conditions?
DigitalX is committed to receiving an investment of nearly 20.7 million AUD from reputable funds and investors such as Animoca Brands, UTXO Management, and ParaFi Capital. This capital has been raised through a secured private placement.
This strategy helps DigitalX strengthen its financial capacity, serving the plan to expand Bitcoin reserves and long-term development in the cryptocurrency asset management industry in Australia.
How will the raised funds be used?
Approximately 19.7 million AUD of the total raised capital will focus on expanding DigitalX's Bitcoin reserves, strengthening asset power and strategic position in the cryptocurrency market.
The remaining funds will be used for issuance costs and working capital to maintain efficient operations and support future development plans.
Yat Siu's participation in the strategic advisory board will bring valuable experience and vision, supporting DigitalX's sustainable growth in the digital asset industry.
Yat Siu, Co-founder of Animoca Brands, 8/7/2024
What is Yat Siu's role in DigitalX's project?
Yat Siu, founder of Animoca Brands, will join the strategic advisory board of DigitalX, strengthening credibility and expanding the expertise network. This participation enhances the prestige and development strategy of DigitalX in the global market.
With over 15 years of experience in the cryptocurrency and technology field, Mr. Yat Siu is expected to contribute to guiding innovative and sustainable development steps.
What is the commitment of the DigitalX management team in this offering?
Members of the board of directors and related parties of DigitalX have committed to subscribe for 610,000 AUD worth of shares in this issuance, subject to shareholder approval, demonstrating trust and long-term commitment to the future of the company.
Comparison table of investments from key investors in this round
Investor Commitment to Invest (million AUD) Role Animoca Brands Not publicly specified Strategic investor, Yat Siu in the advisory board UTXO Management Not publicly specified Strategic investor ParaFi Capital Not publicly specified Strategic investor
Frequently Asked Questions
What is the field of operation of DigitalX?
DigitalX is a cryptocurrency asset management company in Australia, focusing on investing and developing Bitcoin reserves.
How will the raised funds be used?
A large portion of the raised capital focuses on increasing Bitcoin reserves, with the remainder allocated for issuance costs and company operations.
What role does the founder of Animoca Brands play in DigitalX?
Yat Siu will join the strategic advisory board of DigitalX, helping the company develop direction and expand influence.
Is the management team of DigitalX involved in investments?
The management team and related parties commit to subscribing for 610,000 AUD worth of shares after obtaining shareholder approval.
Source: https://tintucbitcoin.com/bitcoin-nhan-dau-tu-chien-luoc-207-trieu-aud/
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