The luxury car modification company ECD Automotive Design, self-proclaimed as the largest Land Rover and Jaguar restoration unit in the world, has just raised $500 million to build a treasury 82926166304 and support business growth. This is a strategic move increasingly adopted by many publicly listed companies.

The Florida-based company has signed a $500 million equity agreement with ECDA Bitcoin Treasury LLC. Most of this money will be used to accumulate Bitcoin, while the remainder will serve the company's joint initiatives. Chief Financial Officer Ben Piggott stated that they are "excited to have this important financial option, which strengthens the financial foundation and allows for the diversification of treasury strategies with Bitcoin."

The focus on Bitcoin is part of their effort to enhance engagement with the cryptocurrency community. In March, ECD partnered with cryptocurrency payment service provider BitPay. Soon, they plan to offer a $21,000 vehicle upgrade credit to the first 21 customers who purchase a car with Bitcoin.

This move comes amid a growing number of public companies establishing Bitcoin treasuries, a trend popularized by Michael Saylor's software company MicroStrategy. Currently, there are a total of 243 public companies holding Bitcoin, an increase of 13% in the past month.

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