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Highlights
- DDC raises $528M to expand its corporate Bitcoin treasury amid growing adoption.
- Funding includes PIPE equity, convertible notes, and equity credit line from major investors.
- DDC adds 38 BTC earlier, positioning itself among corporate Bitcoin treasury holders.
DDC Enterprise (listed as DDC on the NYSE) has closed a financing deal worth up to $528 million to expand its corporate Bitcoin treasury strategy. The raise is among the largest by a NYSE-listed company focused on digital asset accumulation.
Fresh Capital Backing Reinforces DDC’s Long-Term Bitcoin Strategy
According to the official press release, the funding includes $26 million in Private Investment in Public Equity (PIPE equity) from investors such as Animoca Brands and Kenetic Capital. It also features a $300 million convertible note with an initial $25 million draw and a $200 million equity line of credit from Anson Funds.
This structure enables DDC to steadily grow its Bitcoin treasury over time. CEO Norma Chu emphasized that the company aims to build one of the most valuable Bitcoin treasuries in the world.
She added that the financing strengthens DDC’s balance sheet and supports its ongoing belief in Bitcoin as a core strategic asset. It’s important to note that DDC had already begun increasing its Bitcoin treasury before this latest capital injection.
In June, the company disclosed the purchase of 38 BTC, bringing its holdings to 138 BTC at the time. That earlier acquisition was made using previously available funds.
DDC Blends Consumer Focus with Bitcoin Treasury Strategy
With this new financing, DDC now has the flexibility to execute a longer-term Bitcoin treasury strategy. The company plans to leverage market opportunities to enhance its digital asset reserves while maintaining its core consumer business operations.
DDC’s dual positioning, as both a food platform and an active participant in the BTC treasury movement, sets it apart from traditional corporations. While firms like Strategy are known for aggressive Bitcoin buying, DDC blends consumer products with its digital asset investment.
As institutional confidence in Bitcoin continues to grow, DDC’s decision to raise and allocate capital toward its Bitcoin treasury shows strong conviction in crypto’s future role in corporate finance. Maxim Group served as the exclusive financial advisor to DDC in this transaction, further validating the company’s Bitcoin treasury goals.
Many companies continue to follow the footsteps of Strategy in establishing a Bitcoin treasury. The largest corporate BTC holder made its twelfth successive weekly purchase for $531 million.
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