According to ChainCatcher, ECD Automotive Design Company has announced a $500 million equity financing agreement with ECDA Bitcoin Reserve LLC. This financing will help ECD implement an innovative Bitcoin reserve strategy and support the company's growth and general corporate purposes.
These initiatives aim to attract the Bitcoin and broader digital asset community, exploring ways to help customers invest digital assets in high-end real-world assets, such as classic cars. ECD plans to offer $21,000 in vehicle upgrade credit to the first 21 customers who purchase new cars with Bitcoin within the next twelve months.