According to Foresight News, DDC Enterprise Limited, a company listed on the New York Stock Exchange, has successfully completed its previously announced funding round, raising a total of $528 million. The investment was led by Anson Funds, among others. This funding is expected to provide DDC with immediate capital to implement its strategy of increasing its Bitcoin holdings. Maxim Group LLC served as the exclusive financial advisor for this transaction. The company plans to use the net proceeds from this issuance to purchase Bitcoin.
Earlier reports from Foresight News indicated that DDC Enterprise announced its intention in mid-June to raise $528 million to expand its Bitcoin reserves.