CoinVoice has recently learned that Derin Holdings (01709.HK) announced that it has signed a placement and subscription agreement with DA Wolf and other parties, and has signed a special authorization subscription agreement with DA Wolf Investment I Limited, with an expected total financing amount of approximately HKD 653.3 million.
The funds will be primarily used to expand blockchain and virtual asset businesses, including: approximately 30% for strategic acquisitions and investments to expand the RWA tokenization plan; 15% for developing Bitcoin mining and establishing Bitcoin reserves; 7% for building a licensed virtual asset OTC and retail network in Hong Kong; 8% for developing digital assets, cryptocurrencies, and stablecoin businesses; 10% invested in the high-end residential project ONE Carmel in the United States; and another 10% each for IT facility upgrades, ETF creation and quantitative investments, and supplementary working capital for the group, etc. [Original link]
