ECD Automotive Design secures $500 million funding, launches Bitcoin treasury strategy

TechFlow news, June 23 — According to GlobeNewsWire, ECD Automotive Design Inc. (NASDAQ: ECDA) today announced the signing of a $500 million equity financing agreement to strategically accumulate Bitcoin as its primary reserve asset and support business growth. As an initiative to engage the cryptocurrency community, the first 21 customers who purchase vehicles using Bitcoin will receive an upgrade credit of $21,000. The company has established a framework for accepting cryptocurrency payments via BitPay, further expanding its digital asset strategy. ECD Chief Financial Officer Ben Piggott said the move reflects the company's confidence in the long-term potential of digital assets, while maintaining its focus on building exceptional and unique vehicles.