DV8 has completed its first capital raise since undergoing a strategic shift toward becoming Southeast Asia’s first crypto treasury company, securing approximately THB 241 million (roughly $7.4 million), according to a filing released July 16.
The raise resulted in 301,491,057 new shares issued from the exercise of DV8-W2 warrants, at an exercise price of 0.80 baht per share. The remaining unexercised warrant total stood at just 345,930 units. DV8 reported a 38% growth in its cash treasury and a 13% increase in yield per share following the round.
Metaplanet, the Tokyo-based public firm that emerged as one of the world’s largest corporate Bitcoin holders following its own treasury conversion, has become a guiding reference point for DV8’s transition. The Japanese company’s stock rose by over 11,000% across its treasury pivot, reinforcing the appeal of this strategy among firms exploring alternative financial models in Asia.
Recent moves by the consortium, such as the acquisition of Seoul-based SGA Co. to support new digital asset ventures, signal coordinated efforts to institutionalize crypto treasury adoption across the region. The investors have highlighted their interest in expanding into the Philippines, Vietnam, Indonesia, and Malaysia by partnering with execution-ready local firms.
The THB 241 million raise represents the first major liquidity infusion into DV8 since its crypto pivot and will be used to accelerate its operational transformation. According to the company, the capital sets the foundation for executing its long-term digital asset strategy and serves as a template for future funding rounds tied to treasury expansion.
