Four public companies in the U.S. have announced their plans to invest $844 million in Bitcoin and other cryptocurrencies. These actions highlight the growing corporate interest in digital assets.
DDC Enterprise and Its Ambitious Plans
The largest investment came from DDC Enterprise Ltd, which secured $528 million through three financing deals. The ready-to-eat meal provider aggressively entered the Bitcoin space, making its first purchase of 21 BTC for $2.28 million. The firm now aims to acquire 5,000 Bitcoin over the next three years.
Fold Holdings Expands Bitcoin Treasury
Fold Holdings Inc., recognized as the first publicly traded Bitcoin-native financial services firm, announced the creation of a $250 million equity purchase facility intended to expand its Bitcoin reserves. At Bitcoin's current price, Fold could purchase up to 2,390 BTC, significantly boosting its existing treasury of 1,490 Bitcoin.
BitMine Immersion Technologies and New Acquisitions
BitMine Immersion Technologies revealed it used proceeds from a recent stock offering to buy $16.3 million worth of Bitcoin, acquiring 154.16 BTC at an average cost of $106,033 per coin.
The investments made by these companies underscore the growing interest and confidence in Bitcoin and cryptocurrencies as a means of long-term value storage and appreciation.
