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Bitcoin looks strong as DigitalX ramps up staking revenue and slashes costs
Green shoots are showing in the crypto market once more. Pic via Getty Images
- Bitcoin rose 25pc in April, trading above US$95,000
- DigitalX staking revenues reached $318k in March quarter
- Cost base slashed 23pc as company pivots to sustainable growth
Special Report: ASX-listed DigitalX is leaning into Bitcoin’s April momentum with rising crypto infrastructure earnings and a streamlined business model.
Bitcoin has delivered a powerful rebound in April, surging 25 per cent from early-month lows to trade above US$95,000 at time of writing. The rally – fuelled by institutional interest, macro stabilisation and increasing legitimacy as a digital asset hedge – is rekindling excitement across crypto markets.
One ASX-listed player that’s riding the wave with increasing precision is DigitalX (ASX:DCC) – Australia’s only listed digital asset fund manager. But unlike many speculative outfits chasing momentum, DigitalX has made a decisive shift in strategy to build predictable, recurring revenue from the infrastructure powering digital finance.
Staking now a meaningful revenue stream
In a strategic pivot unveiled earlier this year, DigitalX increased its exposure to blockchain infrastructure, particularly crypto asset staking – a model where participants earn yield by validating transactions on proof-of-stake blockchains.
That shift is already bearing fruit.
In the March quarter, staking contributed $318,000 to company revenues – a material and growing line item that reflects the shift toward “yielding digital assets” within modern portfolio construction.
“Staking provides a stable, inflation-resistant return profile for our business, and complements our core digital asset investments,” said Demetrios Christou, Interim CEO of DigitalX.
“We’ve deliberately positioned ourselves to capture long-term value from infrastructure – not just price speculation. That strategy is paying off.”
Cutting costs, building resilience
Alongside the staking revenue gains, DigitalX has also delivered a 23 per cent reduction in operating costs during the same period.
The result is a leaner, more scalable business – one positioned to benefit from digital asset tailwinds without overexposure to volatility.
“These cost reductions aren’t just about short-term margins,” Christou said. “They’re about building a foundation that can grow efficiently, sustainably and profitably.”
Riding the BTC recovery
DigitalX’s momentum is also helped by a sharp turnaround in broader market sentiment. Bitcoin, which dipped below US$76,000 in early April amid geopolitical jitters and ETF outflows, has since rallied to over US$95,000, buoyed by institutional flows and growing recognition of its value as a sovereign hedge.
This rebound highlights a clear divide in investor behaviour: while retail often reacts emotionally, institutions have used dips to accumulate – aligning with the core strategy now adopted by DigitalX.
“The narrative is evolving. It’s no longer just about whether Bitcoin or digital assets might have a place in institutional portfolios — the conversation is increasingly about how much institutions could or should allocate to them,” the company says.
A sharpened outlook for FY25
With recurring revenue streams from staking, operational efficiency gains, and a recovering macro backdrop for Bitcoin and digital assets, DigitalX is now well-positioned for long-term value creation.
The company’s fully compliant, ASX-listed digital asset fund structure offers institutional-grade exposure to a market segment that’s rapidly maturing – and increasingly critical in modern portfolio theory.
As Bitcoin flirts with six-figure territory again, and blockchain infrastructure continues to evolve, investors may look to companies like DigitalX not just as crypto proxies – but as builders of the next phase of financial infrastructure.
This article was developed in collaboration with DigitalX, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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