DigitalX, Australia’s sole ASX-listed crypto fund manager, has successfully raised A$20.7 million (US$13.5 million) from a consortium of digital asset investors to enhance its Bitcoin holdings. Of the total amount, approximately $12.8 million is earmarked for purchasing Bitcoin, with the remainder allocated for operational costs and working capital. This fundraising saw participation from prominent investors including Animoca Brands, UTXO Management, and ParaFi Capital. Alongside this initiative, DigitalX has formed a new advisory board comprising Animoca's Executive Chairman, Yat Siu, and Web3 advisor Hervé Larren. Siu, who is also a past investor in DigitalX, emphasized that Bitcoin serves as a gateway to the broader digital asset ecosystem and is crucial for anyone looking to hedge or invest in digital assets. He indicated that this capital raise is just the beginning for DigitalX's Bitcoin strategy, signaling further actions to come.

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