DDC Enterprise contemplates raising up to USD $ 528 million to invest in Bitcoin

The Asian company of the food sector, based in New York, plans to expand its crypto treasury with support of institutional investors.

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• DDC It is set as a goal to acquire USD $ 528 million in investment commitments to buy more BTC
• Among investors are Anson Funds, Animoca Brands and Kenetic Capital.
• The company already has 138 BTC and seeks to build one of the biggest corporate treasury Bitcoin.

DDC Enterprise, Food brand parent company such as DayDaycook, Nona Lim and Yai’s Thai, announced an ambitious plan to expand its treasury Bitcoin.

According to a statement published today, the firm that quotes in the NYSE Under the symbol DDC has secured investment commitments for up to USD $ 528 million for the purchase of BTC

The strategy includes a private investment in public capital (Pipe) For USD $ 26 million, an issuance of notes convertible per USD $ 25 million, a private placement of USD $ 2 million and a credit line for USD $ 200 million with Anson Funds. In addition, the company has the option of issuing up to USD $ 275 million in convertible notes.

A strategic step to acquire Bitcoin

DDC plans to use the funds collected exclusively to acquire Bitcoin, With the advice of the investment bank Maxim Group LLC. This initiative is part of its strategy to become one of the largest corporate holders of Bitcoin of the world.

“This total capital commitment for USD $ 528 million marks a decisive moment for DDC”said Norma Chu, founder, president and executive director of the company. “With first level institutions such as Anson Funds, Animoca Brands and Kenetic capital supporting our vision, we believe we have the unprecedented capacity to execute our mission of building one of the most valuable Bitcoin corporate treasury in the world.”

The company had started its treasury strategy in May, Buying 21 Bitcoins for approximately USD $ 2.3 million after selling 254,333 Class A shares A month later, in June, they publicly revealed their goal of raising up to USD $ 528 million.

The rise of corporate treasury in Bitcoin

DDC It is not the only company that adopts this strategy. The movement reflects a broader trend in which public companies are resorting to Bitcoin as a reserve of strategic value.

At the moment, DDC It has 138 BTC, equivalent to approximately USD $ 14.67 million, based on June 12 prices.

In this context, DDC aspires to continue on the way of giants of the crypto sector as Strategy, The company led by Michael Saylor. This is the largest corporate holder of Bitcoin, with almost 600,000 BTC In its possession, which represents about 2.84% of the total circulating bitcoin supply for June 30.

Other public firms such as Defi Development Corporation, Sharplink Gaming and The Smarter Web Company They have also announced plans to expand their cryptocurrency holdings, although some contemplate other currencies as axis of their strategy.

Bitcoin As Treasury Assets

Bitcoin It continues to be the most valuable digital asset for market capitalization. Despite a slight fall of 1% in the last 24 hours, it quoted around USD $ 105,756 at the time of editing.

The use of Bitcoin As corporate treasury, it has won traction in recent years, especially among companies that seek alternatives to the US dollar compared to inflation and currency depreciation. For signatures like DDC, The investment not only represents a financial decision, but also a strategic statement about its future vision.

The support of institutional actors and the magnitude of the capital commitment indicate a growing acceptance of Bitcoin as a legitimate asset for long -term corporate planning. DDC It seems determined to position themselves as a reference in this trend.

Article written by a content editor. Edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, freely used, licensed under public domain

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