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DDC Enterprise plans to raise $528 million to accelerate its Bitcoin financial strategy.
Gate News bot reports that DDC Enterprise Limited (NYSE: DDC) announced today that it has signed three securities purchase agreements, with total proceeds of up to $528 million after deducting placement agent fees and issuance costs. Investors include Anson Funds, Animoca Brands, Kenetic Capital, QCP Capital, and a group of institutional funds and individual Bit investors. Almost all of the raised funds will be used to expand the company’s Bitcoin reserves, which is expected to accelerate DDC’s mission to create one of the most valuable corporate Bitcoin assets.
Source: Business Wire