Bitcoin and HYPE could receive 844 million dollars from 4 publicly traded companies in the USA
DDC Enterprise and Fold Holdings have confirmed fundraising totaling 778 million dollars, while a biotechnology company said it would raise 50 million dollars to add HYPE as a treasury asset.
Bitcoin and HYPE could receive 844 million dollars from 4 publicly traded companies in the USA
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At least four publicly traded U.S. companies announced on Tuesday that they would increase their investments in cryptocurrencies by a total of 844 million dollars, joining the number of corporations looking for a boost from Bitcoin and other cryptocurrencies.
The largest increase on Tuesday came from DDC Enterprise Ltd, a Hong Kong-based company selling prepared meals, which said it entered into three purchase agreements totaling 528 million dollars, all of which will be used to expand the firm's Bitcoin (BTC) holdings.
The increase came almost entirely from a 300 million dollar convertible note, a 200 million dollar line of credit, and a 26 million dollar equity investment. The Dallas-based investment firm, Anson Funds, was the largest investor, while the venture capital arm of Animoca Brands also made a significant contribution.
