DDC Enterprise Limited, a New York Stock Exchange-listed software provider, said it has closed a $528 million financing round aimed at expanding its Bitcoin holdings
DDC Enterprise Limited, a New York Stock Exchange-listed software provider, said it has closed a $528 million financing round aimed at expanding its Bitcoin holdings. The company described the raise as one of the largest single capital injections by a U.S. public company expressly for building a cryptocurrency treasury.
Investors in the round include Anson Funds and other institutional backers, according to the company. DDC said the funds provide “immediate capital” to advance a previously announced strategy of converting a portion of its balance-sheet cash into Bitcoin, though it did not specify a purchase timetable.
The move underscores renewed corporate interest in Bitcoin after a prolonged downturn in digital-asset prices. DDC joins a small but growing roster of publicly traded firms that view Bitcoin as a long-term store of value alongside traditional reserves.
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Source: https://thedefiant.io/news/blockchains/nyse-listed-ddc-enterprise-raises-528-million-bitcoin-treasury-push-3c510d4d