US-listed 'Davis Commodities' to Invest in Bitcoin and RWA Sector

Davis Commodities Limited, an agricultural trading company listed on Nasdaq, announced its strategy to accumulate Bitcoin (BTC) and invest in real-world assets (RWA).

According to GlobeNewswire on the 17th (local time), Davis Commodities stated, "We have recently raised $30 million. With this, we will establish innovative strategic initiatives," adding, "By holding Bitcoin and investing in RWA projects, we intend to transform the company’s business model."

To this end, the company said it would initially purchase Bitcoin worth $4.5 million. The company explained, "Of the $30 million, we plan to allocate $4.5 million, or 15%, for Bitcoin acquisition. In the long term, up to 40% of the total funds raised will be used to buy Bitcoin." It continued, "Bitcoin serves as an inflation hedge asset and is expected to bring substantial profits to the company within the next three years."

Investment in the RWA sector will also be made. The company noted, "50% ($15 million) of the total investment will be used for RWA projects," and added, "Through crop-based RWAs such as sugarcane and rice, we aim to maximize trading efficiency." It further stated, "The RWA market could grow to $16 trillion by 2030," and highlighted, "With this investment, we expect to generate annual revenue of over $50 million within two years."