DigitalX conducts $15m capital raising, appoints blockchain icon as strategic advisor

Small Caps12-18 11:46

DigitalX (ASX: DCC) has secured subscriptions from existing and new sophisticated investors for a private placement to raise $10.3 million through the issue of 219 million shares priced at $0.047 each...

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class=\"title\">\nDigitalX conducts $15m capital raising, appoints blockchain icon as strategic advisor\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-18 11:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://smallcaps.com.au/digitalx-capital-raising-appoints-blockchain-icon-strategic-advisor/><strong>Small Caps</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>DigitalX (ASX: DCC) has secured subscriptions from existing and new sophisticated investors for a private placement to raise $10.3 million through the issue of 219 million shares priced at $0.047 each...</p>\n\n<a href=\"https://smallcaps.com.au/digitalx-capital-raising-appoints-blockchain-icon-strategic-advisor/\">Source 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in shares under the placement, subject to a 12-month voluntary escrow period.DigitalX directors have also subscribed to $611,000 worth of shares and the company plans to raise a further $5.09m with a rights issue to existing shareholders at the same price as the placement.The board of DigitalX has engaged Mr Guoga in a strategic advisory role to assist the company grow its digital asset staking and validation services.In consideration for the two-year role, Mr Guoga will receive 25 million DigitalX options exercisable at $0.10 each two years after issuance, subject to shareholder approval.DigitalX has also experienced increasing demand for its spot Bitcoin ETF  since its inception in July.DigitalX Bitcoin ETF offer","collect":0,"end_time":0,"defaultTopTitle":"smallcaps.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"83042":"华夏比特币-R","BK7016":"应用软件","BK4550":"红杉资本持仓","BK4588":"碎股","BTCO":"Invesco Galaxy Bitcoin ETF","DCC.AU":"DIGITAL X LTD","FDN":"First Trust 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(ASX: DCC) has secured subscriptions from existing and new sophisticated investors for a private placement to raise $10.3 million through the issue of 219 million shares priced at $0.047 each.\nProminent digital asset and blockchain enabler Antanas Guoga (commonly known as Tony G) has committed to $4.7m in shares under the placement, subject to a 12-month voluntary escrow period.\nDigitalX directors have also subscribed to $611,000 worth of shares and the company plans to raise a further $5.09m with a rights issue to existing shareholders at the same price as the placement.\nStrategic advisory role\nThe board of DigitalX has engaged Mr Guoga in a strategic advisory role to assist the company grow its digital asset staking and validation services.\nIn consideration for the two-year role, Mr Guoga will receive 25 million DigitalX options exercisable at $0.10 each two years after issuance, subject to shareholder approval.\nMr Guoga is the current chair of Canadian-listed Solana Strategies and has substantial experience in digital asset investment and business growth.\nMt Gox refunds\nFollowing completion of the placement and rights issue, DigitalX will have $18m cash on hand and a digital assets balance sheet totalling $58m.\nAnother $7m will be generated from 41 bitcoin refunded to the company over the course of the 2025 financial year by the administrators of the failed Mt Gox Exchange.\nThe Tokyo-based cryptocurrency exchange – once considered the world’s largest – declared bankruptcy in 2014 after up to 850,000 bitcoins were stolen by hackers.\nETF demand\nDigitalX has also experienced increasing demand for its spot Bitcoin ETF (ASX: BTXX) since its inception in July.\nDigitalX Bitcoin Fund completed an off-market transaction earlier this month subscribing for 1.27 million units in DigitalX Bitcoin ETF, valued at $42.9m.\nThe subscription was funded by bitcoin held in the portfolio of DigitalX Bitcoin Fund, which will now hold units in DigitalX Bitcoin ETF rather than bitcoin directly.\nDigitalX 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 accessible through major online broker platforms.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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