DDC Enterprise Plans $528 Million Raise to Expand Bitcoin Treasury
Publicly traded DDC Enterprise Limited (NYSE: DDC) has announced plans to raise up to $528 million through three major securities agreements, with nearly all proceeds dedicated to expanding its Bitcoin treasury. The funding—one of the largest single-purpose Bitcoin raises by any NYSE-listed company—includes a $300 million convertible note, a $200 million equity line of credit, and a $26 million equity PIPE investment, backed by prominent investors like Anson Funds, Animoca Brands, and Kenetic Capital.
DDC’s goal is to become one of the world’s top corporate Bitcoin holders, targeting the acquisition of up to 5,000 BTC over the next three years. The company’s founder and CEO, Norma Chu, emphasized that this move is a defining moment for DDC and a strong validation of Bitcoin’s growing role on corporate balance sheets. DDC’s aggressive strategy cements its position as a leading public vehicle for concentrated Bitcoin exposure.
