Hong Kong-based DDC Enterprise has announced the capital raise through three securities purchase agreements, potentially generating up to $528 million.
Capital Raise
DDC Enterprise has announced participation from institutional investors, including Anson Funds, Animoca Brands, Kenetic Capital, among others. Nearly all proceeds will be used to expand the company's Bitcoin treasury.
Bitcoin Treasury Strategy
The company confirmed plans to issue up to 2,435,169 Class A Ordinary shares at an average price of $10.30 per share. Additionally, DDC secured a $200 million equity line of credit for Bitcoin accumulation.
Other Companies Embracing Bitcoin
Other firms such as Fold Holdings and BitMine Immersion Technologies are also pursuing similar strategies. Fold has secured $250 million for its needs, while BitMine has utilized proceeds for Bitcoin purchases, indicating growing interest in cryptocurrencies.
As interest in Bitcoin and other cryptocurrencies rises, companies are continuously developing strategies to expand their treasuries, reflecting positive trends in the industry.
