DDC Enterprise Ltd. Secures $528 Million in Financing to Expand Bitcoin Treasury Strategy
Reuters
Jul 01
DDC Enterprise Ltd. Secures $528 Million in Financing to Expand Bitcoin Treasury Strategy
DDC Enterprise Ltd., listed on the NYSE as DDC, recently announced the successful initial closing of a significant financing effort, raising up to $528 million to enhance its Bitcoin treasury strategy. The funds, secured from premier investors including Anson Funds, Animoca Brands, and Kenetic Capital, will provide DDC with the capital needed to pursue its goal of becoming a leading global Bitcoin holder. The financing package includes a $26 million strategic PIPE investment, a $25 million issuance of convertible notes, and a $2 million private placement, along with a $200 million equity line of credit. This move underscores DDC's ambition to build one of the world's most valuable corporate Bitcoin treasuries.
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