DDC Enterprise Raises $528 Million for Bitcoin Accumulation Strategy

DDC Enterprise has successfully raised $528 million to enhance its corporate Bitcoin treasury strategy. The funding was achieved through several financial instruments:

$26 million from a Private Investment in Public Equity (PIPE)
$25 million from convertible notes
$2 million from a private placement
$200 million equity line of credit with Anson Funds

The firm has the option to raise an additional $275 million via convertible notes. Previously, DDC acquired 21 Bitcoin units for approximately $2.3 million, funded by selling shares of its Class A stock. As of June 12, DDC holds a total of 138 Bitcoin units valued at around $14.85 million at the current market price.

At present, Bitcoin is trading at $107,653.95, reflecting a 0.9% increase in less than 24 hours. With the newly raised funds, DDC can potentially acquire a minimum of 4,900 BTC.

CEO Norma Chu emphasized that this capital commitment represents a significant milestone for the company as it aims to build one of the world's most valuable corporate Bitcoin treasuries.

In comparison, Strategy, founded by Michael Saylor, has amassed over 600,000 BTC since 2020 and recently purchased an additional 4,980 BTC for $531 million.