Australia-based blockchain and digital asset firm DigitalX Ltd. (ASX:DCC) has made a bold move to expand its Bitcoin position, investing approximately $19.7 million through a strategic placement.
The company disclosed that it has acquired 109.3 BTC at an average price of around $118,000 per coin, underscoring its long-term confidence in Bitcoin as a core treasury asset.
With this latest acquisition, DigitalX now holds a total of 367.3 BTC. This includes 174.4 BTC held directly and 192.9 BTC indirectly held via the ASX-listed Bitcoin ETF (BTXX).
> “This strategic investment highlights our continued belief in Bitcoin as a foundational asset for the future of finance,” the company noted in its announcement.
DigitalX has long signaled its Bitcoin-centric financial strategy, aligning with a growing number of institutional players who see BTC as a store of value and a hedge against macroeconomic volatility. The firm says its approach is aimed at creating long-term value for shareholders while staying at the forefront of digital asset innovation.
As Bitcoin adoption gains traction across traditional financial markets, DigitalX’s increased exposure reinforces its role as a leading institutional participant in Australia's growing crypto ecosystem