DDC and Others Join the Corporate BTC Craze

Hong Kong-based DDC Enterprise has introduced it has entered into three securities buy agreements that would generate as much as $528 million in gross proceeds, excluding placement agent charges and providing bills.

The capital increase options participation from institutional buyers, together with Anson Funds, Animoca Manufacturers, Kenetic Capital, QCP Capital, and a community of outstanding Bitcoin buyers.

Embracing Bitcoin Treasury Technique

In response to the corporate’s official press release, practically all proceeds will likely be used to develop its Bitcoin treasury. The funding features a $26 million fairness PIPE funding via subscription agreements with Animoca Manufacturers, Kenetic Capital, QCP Capital, and notable people like Jack Liu and Matthew Liu, co-founder of Origin Protocol.

DDC mentioned that it expects to subject as much as 2,435,169 Class A Odd shares at a mean worth of $10.30 per share, with a 180-day lock-up interval. Moreover, DDC has secured a $200 million fairness line of credit score with Anson, permitting the corporate versatile entry to capital for Bitcoin accumulation, topic to future registration and market situations.

DDC isn’t alone on this method; Fold Holdings can be pursuing an identical Bitcoin-focused capital technique. The Arizona-based publicly traded bitcoin monetary providers firm, Fold, has secured a $250 million fairness buy facility, which has granted it the choice to subject and promote frequent inventory at its discretion. The corporate plans to make use of internet proceeds primarily to accumulate further Bitcoin for its company treasury. Utilization of the power will likely be decided by SEC registration and different situations.

BitMine Immersion Applied sciences, too, has joined the wave of corporations committing capital straight into Bitcoin holdings. The Nevada-based firm announced finishing Bitcoin purchases utilizing the total $16.34 million in internet proceeds from its latest inventory providing. The corporate acquired 154.167 BTC at a mean worth of $106,033 per coin. CEO Jonathan Bates confirmed the transfer aligns with BitMine’s dedication to allocate 100% of the raised capital to constructing its Bitcoin treasury.

Eyenovia Embraces HYPE in Treasury Technique

Whereas Bitcoin remains the primary reserve asset for a lot of corporations, some are exploring rising tokens to seize broader crypto publicity.

Digital ophthalmic expertise firm Eyenovia announced a $50 million personal placement to launch a cryptocurrency treasury technique centered on the HYPE token, native to Hyperliquid. The corporate turns into the primary U.S.-listed agency to carry HYPE in its treasury. Hyunsu Jung was appointed Chief Funding Officer and Board Member. If warrants are absolutely exercised, the transaction might yield as much as $150 million.