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DIGITALX LIMITED — Capital/Financing Update 2024
Dec 3, 2024
64762_rns_2024-12-03_dcc1a359-ca49-441e-be31-515e057ad7bf.pdf
Capital/Financing Update
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BTXX Grows to $47.6m Following Subscription by DigitalX Bitcoin Fund
DigitalX Limited ( ASX:DCC, OTCQB: DGGXF ) (“ DigitalX ”, “ the Company ”) is pleased to advise that its wholesale bitcoin only fund, the DigitalX Bitcoin Fund, has subscribed for units in the Company’s DigitalX Bitcoin ETF ( ASX: BTXX ) - one of Australia’s first bitcoin ETFs to list on the ASX.
On 3 December 2024, the DigitalX Bitcoin Fund completed an off market transaction to subscribe for 1,279,137 units in the DigitalX Bitcoin ETF, valued at A$42.9m. The subscription of the ETF units was funded by the bitcoin held in the portfolio of the DigitalX Bitcoin Fund, which will now hold units in BTXX rather than bitcoin directly.
At the time of the subscription, DigitalX Limited owned 68.4% of the DigitalX Bitcoin Fund, valued at A$29.3m, which provides a strong seed investment amount into the Company’s ASX listed Bitcoin ETF.
The DigitalX Bitcoin ETF offers retail and wholesale investors direct exposure to bitcoin via a liquid and regulated fund structure, without the complexity of a digital wallet, and is available for investment via major online broker platforms. Please visit our website for more information and links to the Product Disclosure Statement and Target Market Determination.
Authorised by the Board of DigitalX Limited.
For further information, please contact:
Investor Enquiries Media Enquiries DigitalX Limited Third Hemisphere Greg Dooley Jeremy Liddle Interim Chief Executive Officer Managing Director T: +61 480 097 0479 E: [email protected] E: [email protected]
DigitalX Limited | ASX:DCC | 59 009 575 035 | Suite 2, Level 4, 66 Kings Park Road West Perth WA 6005 | digitalx.com | 1
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About DigitalX Limited (ASX:DCC)
DigitalX is a technology and investment company focused on growing the blockchain economy through its digital asset funds management business, digital fintech and regtech products, and blockchain ventures.
DigitalX’s product team designs and develops blockchain technology applications for business and enterprise organisations.
Through its asset management division, DigitalX provides low-cost traditional asset management products for qualified investors looking to gain exposure to the growing alternative asset class of digital assets, including Bitcoin.
DigitalX is currently commercialising Drawbridge, the Company’s first regtech solution which is supporting listed companies to better manage their compliance and corporate governance policies. With Drawbridge, companies can manage employee and director share trading approvals in order to safeguard their reputations.
www.digitalx.com | www.digitalx.fund | www.opendrawbridge.io | www.sellmyshares.com.au
DigitalX Limited | ASX:DCC | 59 009 575 035 | Suite 2, Level 4, 66 Kings Park Road West Perth WA 6005 | digitalx.com | 2