DigitalX raised 20.7 million AUD (13.5 million USD) from various digital asset investors to expand its Bitcoin reserves and create an advisory board. Major participants include Animoca Brands, UTXO Management, and ParaFi Capital.
Yat Siu, Animoca’s Executive Chairman, noted that Bitcoin serves as a fundamental digital asset and encourages exposure to this asset class through superannuation investments. He views Bitcoin as a crucial entry point into the digital economy.
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