According to Deep Tide TechFlow news on June 17, reported by Businesswire, NYSE-listed company DDC Enterprise Limited (NYSE: DDC) announced that it has signed three securities purchase agreements to raise up to $528 million. Investors include institutions and individual investors such as Anson Funds, Animoca Brands, Kenetic Capital, and QCP Capital.
It is reported that this funding will be almost entirely used to expand the company's Bitcoin reserves, making it one of the largest single-purpose Bitcoin financings among NYSE-listed companies.
Norma Chu, the founder, chairman, and CEO of DDC Enterprise, stated: "Our vision is clear: we are building the world's most valuable Bitcoin treasury." The company plans to use this funding to become one of the world's leading corporate Bitcoin holders.
