According to ChainCatcher, ECD Automotive Design Company announced a $500 million equity financing agreement with ECDA Bitcoin Reserve LLC. The financing will assist ECD in implementing an innovative Bitcoin reserve strategy and support the company's growth and general corporate purposes.
These initiatives aim to attract the Bitcoin and broader digital asset community, exploring ways to help clients invest digital assets in high-end real-world assets, such as classic cars. ECD plans to offer $21,000 vehicle upgrade credits to the first 21 customers who purchase new cars with Bitcoin over the next twelve months.