Recently, there has been a surge in interest among organizations to invest in cryptocurrencies. Four companies announced plans to allocate a total of $844 million to digital assets.
DDC Enterprise and Its Bitcoin Plans
DDC Enterprise Ltd. from Hong Kong announced it secured $528 million to expand its Bitcoin reserves. The company closed three financing deals, including a $300 million convertible note, a $200 million credit facility, and a $26 million equity investment. DDC's CEO stated this aligns with their mission to build 'the world's most valuable Bitcoin treasury.'
Fold Holdings and Funding for Bitcoin Purchases
Fold Holdings Inc. secured $250 million through an equity purchase agreement to increase its Bitcoin holdings. This funding is expected to allow the company to acquire about 2,390 BTC, more than doubling its current reserves.
Eyenovia Launches HYPE Token Treasury
Eyenovia completed a $50 million private placement to create a reserve of Hyperliquid (HYPE) tokens. This announcement marks Eyenovia as the first publicly traded U.S. company to declare a long-term treasury strategy involving HYPE tokens.
The combined $844 million announced in a single day highlights the growing interest of companies in crypto assets. The use of equity facilities and convertible notes allows firms to expand their crypto investments, reflecting changes in corporate asset management approaches.
