US-listed 'DDC Enterprise Limited' announces $528 million raise for Bitcoin reserves
Son Min
Summary
- US-listed DDC Enterprise Limited announced that it is raising $528 million in funding to accumulate Bitcoin reserves.
- It stated that most of the raised funds will be used for Bitcoin reserves.
- This funding is reportedly the largest amount ever raised by a listed company for a single purpose.
US-listed e-commerce company 'DDC Enterprise Limited' announced a $528 million fundraising for Bitcoin (BTC) reserves on the New York Stock Exchange.
According to Business Wire on the 17th (local time), DDC Enterprise Limited said in a press release, "We have signed securities purchase agreements with investors such as Animoca Brands and QCP Capital for up to $528 million," and added, "Most of the raised funds will be used for Bitcoin reserves." The company continued, "This is the largest amount of capital raised for a single purpose by a company listed on the New York Stock Exchange."
Noma Chu, founder of DDC Enterprise Limited, stated, "Our vision is clear. We will build the world's most valuable Bitcoin reserve."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
