DDC raised up to 528 million USD to expand the Bitcoin treasury.

DDC Enterprise (NYSE: DDC) has just announced that it has signed three agreements to purchase securities worth up to 528 million USD, with a large portion of the funds to be used to buy Bitcoin. The investors include Anson Funds, Animoca Brands, Kenetic Capital, QCP Capital, and many other large institutional funds.

The funding structure includes:

  • PIPE investment of 26 million USD from prominent investors such as Animoca Brands and Origin Protocol.
  • A $300 million convertible bond and a $2 million private placement of shares for Anson Funds.
  • A credit limit of 200 million USD for flexible future BTC purchases.

CEO Norma Chu stated that DDC is on the journey to becoming the largest publicly listed company owning Bitcoin globally.

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