DDC Enterprise Limited has secured $528 million in financing for its corporate Bitcoin strategy, marking a significant milestone in its operations. The funding is led by Anson Funds with contributions from several other investors. It consists of a $26 million PIPE investment, $25 million in convertible notes, and a combination of private placement and equity line of credit. This financing aims to enhance DDC's capacity in Bitcoin acquisition while maintaining its food business. Bitcoin will now serve as a core reserve asset for DDC.
"This maximum aggregate $528 million capital commitment marks a watershed moment for DDC," said Norma Chu, Founder, Chairwoman, and CEO of DDC. "With premier institutions such as Anson Funds, Animoca Brands, and Kenetic Capital backing our vision, we believe we have unprecedented capacity to execute our mission of building one of the world's most valuable corporate Bitcoin treasuries and becoming a top global Bitcoin holder."
"DDC Enterprise is strongly positioned as the definitive publicly-traded vehicle for concentrated Bitcoin exposure and value creation," Chu added. "My focus will be on growing our BTC treasury and delivering attractive BTC yield consistently for our shareholders."
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