Shares in a tiny ASX-listed blockchain software company, DigitalX, soared after announcing a $4.35 million investment by Blockchain Global Limited.
At the close, the shares were up almost 74% to $0.040.
The investment at 2.7 cents a share gives Blockchain Global, an Australian company offering Bitcoin and blockchain services internationally, about 40% of DigitalX.
Blockchain Global, which provides Bitcoin mining, software and consultancy services, has been involved in blockchain technology since 2014.
Leigh Travers, CEO of DigitalX, says the growing support for blockchain, digital currency and decentralised organisations is unquestionable.
“With a stronger balance sheet and additional Blockchain expertise, I am confident that we can deliver value for all shareholders going forward,” he says.