Animoca Brands has announced a new partnership with DDC Enterprise aimed at expanding the BTC treasury by up to $100 million. This initiative highlights the company's shift towards diversifying its assets.
Partnership with DDC Enterprise
Animoca Brands has entered into a partnership agreement with DDC Enterprise to inject up to $100 million into its BTC treasury. This move aims to reallocate part of the company's assets back into BTC. Since its founding in 2015, Animoca Brands has raised $825.9 million, which has been used for its own games and investment in startups.
Investments and BTC Strategy
Animoca Brands is ramping up its investment in BTC after slowing its investments in riskier early-stage projects. The non-binding memorandum will allow DDC to work on yield strategies for their BTC treasury. Yat Siu, the co-founder of Animoca Brands, will provide guidance on the company's asset management.
DDC Enterprise Nearing Six-Month High
DDC Enterprise has seen an increase in its stock price, trading near its highest levels this year at $11. The company plans to continue accumulating BTC, despite market volatility. DDC aims to create a treasury of 5,000 BTC, combining real business with BTC assets.
The partnership between Animoca Brands and DDC Enterprise underscores the growing interest in BTC and potential yield strategies, which could lead to significant shifts in asset management approaches within the crypto industry.
