DDC Enterprise, a company listed on the New York Stock Exchange (NYSE), has completed a significant funding round totaling $528 million specifically intended to grow its Bitcoin (BTC) reserves.
The financing includes private investments in public equity (PIPE), a $300 million convertible note, and a $200 million equity facility commitment provided by Anson Funds.
Chief Executive Officer Norma Chu stated the investment bolsters DDC’s strategy to utilize Bitcoin as a key treasury reserve asset, citing its potential hedge value against inflation and broader market volatility.
DDC Enterprise recently expanded its holdings by acquiring thirty-eight coins in June, bringing its total Bitcoin reserves to 138 BTC.
Chu emphasized that the convertible note and equity line structure provides the company with flexible financing options to pursue further Bitcoin acquisitions as market conditions warrant.
The substantial funding highlights increasing investor appetite to gain cryptocurrency exposure through shares of established public companies adopting Bitcoin treasury strategies.