DDC Enterprise Plans to Raise $528 Million to Expand Bitcoin Reserves
NYSE-listed company DDC Enterprise Limited announced that it has signed three securities purchase agreements, with expected maximum proceeds of up to $528 million after deducting placement agent fees and issuance expenses. Investors include Anson Funds, Animoca Brands, Kenetic Capital, QCP Capital, and a network of leading institutional funds and individual Bitcoin investors. All funds raised will be used to expand the company’s Bitcoin reserves.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Turkmenistan passes crypto asset regulation bill, to take effect on January 1 next year
CME: BrokerTec U.S. active markets have resumed trading
CME: All markets remain suspended except for the BrokerTec EU market
A major whale switched from short to long on BTC, with a position valued at $91 million.
Trending news
MoreCrypto prices
More
