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DDC Enterprise Secures $528 Million for Institutional Bitcoin Reserves

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by Giorgi Kostiuk

8 hours ago

DDC Enterprise, the company behind DayDayCook, Nona Lim, and Yai’s Thai, announced the raising of $528 million to increase its Bitcoin reserves.

Funding Structure

DDC secured its funding through several sources, including a $26 million private investment, a $25 million convertible note issuance, a $2 million private placement, and a $200 million credit line from Anson Funds.

Plans to Purchase Bitcoin

DDC plans to use the funds to purchase Bitcoin, with all transactions being supervised by the New York-based investment bank Maxim Group LLC.

Statement from the Founder

DDC's founder and CEO, Norma Chu, stated: 'This maximum capital commitment of $528 million is a milestone for DDC. With leading institutions like Anson Funds and Animoca Brands supporting our vision, we have an unparalleled ability to build one of the world’s most valuable institutional Bitcoin treasuries.'

This maximum capital commitment of $528 million is a milestone for DDC. With leading institutions like Anson Funds and Animoca Brands supporting our vision, we have an unparalleled ability to build one of the world’s most valuable institutional Bitcoin treasuries.Norma Chu

This move underscores the increasing interest of large companies in Bitcoin and DDC's intention to become one of the largest holders of this cryptocurrency on a global scale.

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