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