DigitalX focuses on a Bitcoin treasury strategy by purchasing 8.8 million dollars

DigitalX company ( Australia ), the only cryptocurrency fund listed on the ASX, has just purchased an additional 74.7 BTC at an average price of 117,293 USD/BTC, bringing the total holdings to 499.8 BTC ( approximately 91.3 million USD ). Of this, 306.8 BTC is held directly and the rest through Bitcoin ETF. The total treasury value of DigitalX has now exceeded the 100 million USD mark. The company asserts that its long-term strategy is to "buy and hold Bitcoin" as the main reserve asset, and there are no plans to invest in altcoins. DigitalX has also just raised 13.5 million USD to continue purchasing Bitcoin and has established an advisory board consisting of representatives from Animoca Brands and Web3. They are following a similar path to MicroStrategy and Metaplanet – companies known for their large-scale Bitcoin accumulation strategy. This trend is increasingly spreading to many sectors beyond cryptocurrency.