An Australian investment company, DigitalX Limited, just bought a whole lot more Bitcoin! This shows that big companies are still interested in Bitcoin.
A Big Bitcoin Buy
DigitalX added 74.7 Bitcoin to its collection. They paid an average of $117,293 per Bitcoin. This brings their total Bitcoin holdings to a whopping 499.8 Bitcoin, worth around $91.3 million! They announced this on X (formerly Twitter) and in a more formal statement.
Of that total, DigitalX directly owns 306.8 Bitcoin, and the rest is held indirectly through their Bitcoin ETF (BTXX). This purchase follows another recent buy of 57.5 Bitcoin, showing they’re really committed to Bitcoin. Their total assets (excluding cash) are now over $104.4 million.
Good for Shareholders?
DigitalX says this isn’t just about hoarding Bitcoin; it’s about making money for its shareholders. They’re now tracking their Bitcoin holdings per share in Satoshis (the smallest unit of Bitcoin). Since June 30th, the value of their Bitcoin holdings per share has jumped 58%!
Long-Term Bitcoin Strategy
DigitalX is clearly betting big on Bitcoin for the long term. Their former CEO and current chairman, Leigh Travers, said they plan to keep adding to their Bitcoin stash. They see Bitcoin as a key part of their future.
