TechFlow news, June 17 — According to Businesswire, DDC Enterprise Limited (NYSE: DDC), a New York Stock Exchange-listed company, announced it has entered into three securities purchase agreements expected to raise up to $528 million for the company. Investors include institutional and individual investors such as Anson Funds, Animoca Brands, Kenetic Capital, and QCP Capital.
The report stated that nearly all of the proceeds will be used to expand the company's Bitcoin holdings, making it one of the largest single-purpose Bitcoin financings by a NYSE-listed company.
Norma Chu, founder, chairman, and CEO of DDC Enterprise, said: "Our vision is clear: we are building the world's most valuable Bitcoin treasury."
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