NYSE-Listed Company DDC Enterprise Secures $528M to Boost Bitcoin Holdings 

New York Stock Exchange-listed company DDC Enterprise announced Tuesday it has signed three securities purchase agreements, with expected gross proceeds of approximately $528 million. 

The announcement revealed that all proceeds will be used to expand the company’s Bitcoin reserve. Several investors have also made this move possible, including Anson Funds, Animoca Brands, Kenetic Capital, and QCP Capital, among others.

Commenting on the latest move, Norma Chu, founder, chairwoman & CEO of DDC Enterprise, said:

“Today is a defining moment for DDC Enterprise and our shareholders. This capital commitment of up to $528 million, backed by respected institutions from traditional finance and the digital asset frontier, represents a strong mandate to execute an ambitious corporate Bitcoin accumulation strategy globally. Our vision is unequivocal: we are building the world’s most valuable Bitcoin treasury.”

BTC as Core Reserve Asset

Notably, the latest funding is expected to position the firm to become one of the leading corporate Bitcoin (BTC) holders in the world. This funding also indicates that institutions now view BTC as a hedge against inflation, making it their preferred choice.

DDC Enterprise Limited is emerging as a leader in the corporate Bitcoin treasury space, while also continuing to operate as a major global platform for Asian food. The company has firmly established BTC as a core reserve asset and is pursuing an aggressive accumulation strategy.

Institutions Accelerate BTC Accumulation

It is worth noting that the rate of companies, institutions, and countries that have dived into the crypto space is remarkable. Recently, the world’s largest corporate BTC holder, Strategy (formerly MicroStrategy), increased its BTC portfolio. The business intelligence firm acquired 10,100 values at a value of approximately $1 billion.

Additionally, the purchase was the company’s second bitcoin purchase in June. Following the acquisition, Strategy now holds 592,100 BTC. The BTC stash was acquired for about $41.8 billion at an average price of $70,666 per coin.

Similarly, Japanese investment firm Metaplanet purchased 1,112 BTC worth 16.88 billion Japanese yen ($117 million) earlier this week. The acquisition pushed the company’s holdings to approximately 10,000 BTC, surpassing Coinbase as the seventh-largest Bitcoin treasury among publicly listed companies.

Other companies include The Blockchain Group and Semler Scientific, a healthcare company. CoinTab recently reported that The Blockchain Group raised $8.3 million to expand its Bitcoin treasury, following a previous plan to raise roughly $342.7 million the week before.

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