Leading public companies in the US have made significant steps to strengthen their positions in the cryptocurrency space, announcing substantial investments.
DDC Enterprise: $528 Million to Boost Bitcoin Reserves
DDC Enterprise Ltd, a Hong Kong-based company, announced it raised $528 million to increase its Bitcoin reserves. The financing structure includes $300 million through convertible notes, a $200 million credit facility, and $26 million in equity.
Fold Holdings: $250 Million for Bitcoin
Fold Holdings Inc, the first publicly traded Bitcoin financial services firm, reported securing $250 million for additional Bitcoin purchases. The funding will be conducted through a private placement of shares, pending approval from the Securities and Exchange Commission.
Eyenovia and BitMine: New Strategies for Acquiring Cryptocurrency
Eyenovia announced a $50 million private placement to establish reserves for the Hyperliquid (HYPE) token. BitMine Immersion Technologies, on the other hand, used $16.3 million to acquire Bitcoin as part of its new strategy to increase its reserves.
The increase in cryptocurrency investments by public companies highlights a growing interest in Bitcoin and other digital assets, as well as a desire to employ new financial strategies.
