Bitcoin News Today: DigitalX Bolsters Bitcoin Holdings to 500 BTC via $13.5M Capital Raise, Aligning with Corporate Trend

Australia’s only ASX-listed cryptocurrency fund manager, DigitalX, has significantly bolstered its Bitcoin holdings with an $8.8 million purchase of 74.7 BTC, bringing its total reserves to nearly 500 BTC valued at approximately $91.3 million. The acquisition, executed at an average price of $117,293 per coin, marks DigitalX’s second major Bitcoin purchase in July 2025, following a 57.5 BTC acquisition earlier in the month. The company’s total Bitcoin treasury now exceeds $100 million when combining direct holdings (306.8 BTC) and its stake in the DigitalX Bitcoin ETF (193 BTC).

The recent purchase was funded by $12.8 million from a $13.5 million capital raise announced earlier this month. The remaining $0.7 million is allocated for general operations and working capital. DigitalX’s leadership, including non-executive chairman Leigh Travers, emphasized the firm’s long-term commitment to Bitcoin, aligning with a broader trend of corporate treasuries adopting the cryptocurrency as a strategic asset. This strategy mirrors the approach pioneered by U.S.-based MicroStrategy (now Strategy), which holds over 597,000 BTC, and other firms expanding their Bitcoin reserves through equity and debt fundraising.

Despite the growing corporate appetite for Bitcoin, skepticism about the sustainability of such strategies is emerging. Analysts and legal experts have raised concerns over potential risks, including dilutive share issuance programs and the profitability of crypto investments. These critiques highlight the maturing landscape, where initial gains may be harder to replicate, and regulatory scrutiny intensifies. However, DigitalX’s focus on long-term accumulation reflects a belief in Bitcoin’s role as a hedge and store of value, particularly as institutional adoption continues to rise.

The firm’s actions underscore the evolving perception of Bitcoin as a legitimate corporate asset. With its ASX listing and expanding Bitcoin treasury, DigitalX is positioning itself at the intersection of traditional finance and digital assets. The strategy also highlights the increasing integration of cryptocurrencies into mainstream portfolio management, driven by institutional confidence and the asset’s performance as a long-term investment vehicle. As more companies follow this path, the implications for market dynamics and regulatory frameworks remain a critical area of focus.