TechFlow news — On December 18, according to The Australian, Australian-listed blockchain company DigitalX has completed approximately $15 million in funding, comprising a $10.3 million private placement and a $5 million rights issue for existing shareholders. Additionally, the company will receive 41 bitcoins from the Mt Gox liquidation. Tony G (Antanas Guoga), Chairman of Sol Strategies, invested $5 million and has been appointed strategic advisor, receiving 25 million options.
DigitalX CEO Greg Dooley stated that following the capital raise, the company will hold over $18 million in cash and approximately $58 million in digital assets. Its Bitcoin ETF (ASX: BTXX), launched in July 2024, has delivered a return of 86.9%, while the DigitalX Fund (DXF) has returned 81.1% year-to-date. The bitcoins from the Mt Gox liquidation are expected to be received progressively in 2025.
