According to Deep Tide TechFlow news on December 18, The Australian reported that the Australian listed blockchain company DigitalX completed approximately $15 million in financing, including $10.3 million in private placement and $5 million from existing shareholder placements. In addition, the company will receive 41 Bitcoins from the Mt Gox liquidation. Sol Strategies Chairman Tony G (Antanas Guoga) invested $5 million and will serve as a strategic advisor, receiving 25 million options.
DigitalX CEO Greg Dooley stated that the company will hold over $18 million in cash and about $58 million in digital assets after completing the financing. Its Bitcoin ETF (ASX:BTXX) has achieved a return of 86.9% since its launch in July 2024, and the DigitalX Fund (DXF) has achieved a return of 81.1% year-to-date. The Bitcoin proceeds from the Mt Gox liquidation are expected to be received gradually in 2025.
