Tuesday marked a significant day for crypto investments in the U.S., as four publicly traded companies announced total commitments of $844 million towards various cryptocurrencies.
DDC Enterprise and Bitcoin Accumulation Strategy
DDC Enterprise Ltd announced plans to raise $528 million through a mix of convertible notes, credit facilities, and equity investments. Major investors included Anson Funds and the venture capital of Animoca Brands. DDC plans to acquire 5,000 BTC over the next three years as part of its strategy to build the 'world’s most valuable Bitcoin treasury.'
Fold and BitMine Expand Bitcoin Holdings
Fold Holdings Inc. announced a $250 million equity purchase facility to augment its Bitcoin holdings. If fully executed, the funds could add up to 2,390 BTC to the company’s existing stash. Similarly, BitMine Immersion Technologies utilized $16.3 million from a recent stock offering to purchase BTC, aligning with its strategy of accumulating Bitcoin.
Eyenovia Bets on HYPE Token
Biotech firm Eyenovia announced a $50 million private placement to acquire and stake HYPE tokens. They plan to accumulate over one million tokens, currently valued at approximately $40.1 million. The company also revealed a rebranding to 'Hyperion DeFi' and appointed Hyunsu Jung as Chief Investment Officer.
The announcements by the four U.S. companies highlight a growing interest in cryptocurrencies, particularly Bitcoin and emerging digital tokens, indicating further development and adoption of these assets in the mainstream financial sector.
