DigitalX Doubles Bitcoin Holdings with $20.7M Raise and Unveils 21 Hundred Plan

Strategic Capital Raise Fuels Bitcoin Focus

DigitalX Limited (ASX, DCC) has taken a decisive step in reshaping its treasury strategy, completing a A$20.7 million strategic placement in July 2025. This capital injection has enabled the company to nearly double its Bitcoin holdings within the quarter, reflecting a clear pivot towards Bitcoin as the cornerstone of its asset base. The company now holds approximately 502 BTC, valued at around A$86 million, underscoring its conviction in Bitcoin’s long-term store of value.

Introducing the '21 Hundred' Bitcoin Accumulation Strategy

Building on this momentum, DigitalX launched its ambitious '21 Hundred' strategy, aiming to accumulate 2,100 BTC by 2027. This initiative signals a commitment to embedding Bitcoin deeply within its treasury operations, leveraging the cryptocurrency’s potential as a hedge against fiat currency devaluation and aligning shareholder interests with emerging global trends. To support this, the company is expanding its Bitcoin-related trading activities and developing new financial products and services designed to enhance operational profitability.

Strong ETF Performance and Strategic Partnerships

The DigitalX Bitcoin ETF (BTXX) continues to be a standout performer, closing the quarter with $60.4 million in net assets and a cumulative return of nearly 99% since its inception in July 2024. The ETF offers investors a regulated and liquid vehicle to gain Bitcoin exposure without the complexities of digital wallets, and its growing assets under management reflect increasing investor confidence. Additionally, DigitalX has fortified its leadership and advisory capabilities by appointing Will Hamilton as General Manager and establishing a Strategic Advisory Board featuring industry veterans such as Yat Siu of Animoca Brands and Hervé Larren of Airvey.io.

Diversifying Treasury with Yield-Generating Investments

In October, DigitalX allocated approximately A$4.96 million into the Lime Street Capital SPC fund, managed by Digital Asset Funds Management (DAFM). This investment aims to generate meaningful free cash flow through algorithmic trading strategies that capitalize on market volatility. This move reflects a balanced approach to treasury management, combining Bitcoin accumulation with complementary yield-generating assets to enhance capital efficiency and support the company’s growth objectives.

Financial Position and Outlook

DigitalX reported total assets of approximately A$102 million, including A$8.6 million in cash, marking a $25.2 million increase over the quarter driven by asset appreciation and the capital raise. While operational cash outflows rose slightly due to staff costs and timing of R&D incentives, the company remains focused on achieving cash flow positivity. The leadership transition, with Will Hamilton stepping in as General Manager, signals a renewed focus on business development and capital markets growth as DigitalX pursues its Bitcoin-first vision.