Australian Stock Exchange announces first-ever investment through Bitcoin

posted 3 months ago
In a first, Melbourne-based Blockchain Global Limited (BGL) has used bitcoin in an AUD$4.35 million investment to acquire a 40% stake in ASX-listed blockchain payments fintech DigitalX.

Details from an announcement today on the Australian Stock Exchange (ASX) reveal DigitalX to receive, in bitcoin, AUD$300,000 in a convertible loan. A further AUD$550,000 will be invested in convertible notes along with AUD$3.8 million in shares.

“DigitalX has received AUD$300,000 by way of a convertible loan in Bitcoin (BTC),” the announcement stated. “The convertible loan is convertible into shares in DigitalX…”

Blockchain Global Limtied (BGL), formerly operating as the Bitcoin Group, began as a bitcoin mining operator before diversifying into a blockchain solutions provider, a corporate incubator and more recently, an ICO specialist.

Perth-based DigitalX, formerly Digital CC, also saw a rebrand in late 2015 and shifted its objectives from mining bitcoin to blockchain software development. As a part of its shift in strategy, DigitalX has now developed AirPocket, a blockchain payments and remittance app that enables payments to 14 countries with a majority of them in Latin America.
Tags: blockchain, news, bitcoin