BlockBeats news, on June 17, according to Businesswire, the NYSE-listed cross-border e-commerce company DDC Enterprise announced that it has signed three securities purchase agreements. After deducting the placement agent fees and issuance costs, it is expected to raise up to $528 million, with investors including Anson Funds, Animoca Brands, Kenetic Capital, QCP Capital, etc. The raised funds will be used to expand its Bitcoin reserves. This financing includes three parts: a $26 million equity PIPE investment, $300 million in convertible secured notes, and a $2 million private equity placement, as well as a $200 million equity credit facility.
BlockBeats previously reported that on June 12, DDC Enterprise (NYSE: DDC) announced the acquisition of 38 Bitcoins, increasing the company's total Bitcoin holdings to 138.
