The selloff pushed Bitcoin's price down over 35% from its October peak and coincided with broad weakness across risk assets, including a slump in major stock indices.
This capital raise, which totaled nearly $160 million, represents a powerful institutional affirmation of the corporate treasury strategy surrounding Bitcoin.
WazirX, one of India's largest crypto exchanges, announced its plan to restart operations on October 24, following a crippling security breach in July 2024 that resulted in over $230 million in losses.