Animoca invests 100 million USD in Bitcoin to fuel DDC's BTC accumulation

Recently, #DDCEnterprise — a famous Asian food group listed on Nasdaq — announced receiving 100 million USD in Bitcoin from Animoca Brands, a leading Web3 investment fund.

This funding will help DDC kickstart its Bitcoin accumulation strategy and establish a channel for profit generation from crypto. Notably, Mr. Yat Siu — the founder and CEO of Animoca Brands — will also directly participate in DDC's Bitcoin advisory board to assist in building a long-term strategy.

Previously, at the end of June, DDC raised 528 million USD to open a Bitcoin investment fund. As of July 7, the company is holding 368 BTC, worth over 43 million USD. With the new 100 million USD from #Animoca , DDC is expected to quickly expand its Bitcoin treasury.

Following this news, DDC's stock surged 20% in just the session on July 11, bringing the total increase to over 40% since the group announced its intention to invest in Bitcoin.

Not stopping at BTC, CEO Yat Siu also hinted at the possibility of seeking a public company for Apecoin (APE) — the token of the Bored Ape Yacht Club that Animoca heavily invested in during 2021–2022.

This is a clear indication that the wave of Asian enterprises transitioning to accumulate $BTC is booming.

Crypto always carries risks. Please consider before investing.