DL Holdings Announces $83M Blockchain-Focused Fundraising Plan, Shares Drop 8%
Main Idea
DL Holdings announced an $83.2 million fundraising plan focused on blockchain and crypto ventures, leading to an 8.4% drop in its shares due to dilution concerns.
Key Points
1. DL Holdings is raising HK$653.3 million ($83.2 million) through a share placement deal to fund blockchain and crypto-related investments.
2. The fundraising dilutes 13.6% of existing shares, causing the stock price to drop by 8.4%.
3. Funds will be allocated to bitcoin mining (15%), acquiring crypto trading licenses in Hong Kong (7%), IT infrastructure, ETF development, U.S. real estate, and working capital.
4. Venture capital investment in the crypto sector rebounded strongly in Q2 2025, with $10.03 billion raised, the highest quarterly figure in recent years.
5. Notable raises in Q2 2025 include Strive Funds ($750M), TwentyOneCapital ($585M), Securitize, Kalshi, Auradine, ZenMEV, and Digital Asset.
Description
DL Holdings has unveiled a HK$653.3 million ($83.2 million) capital raise to fund a broad push into blockchain and crypto-related ventures, an announcement that sent its shares down more than 8% on Thursday. Key Takeaways: DL Holdings is raising $83.2M to fund blockchain and crypto ventures through a share placement deal. The move dilutes 13.6% of existing shares, triggering an 8.4% stock drop. Funds will support tokenization, bitcoin mining, stablecoins, and crypto licenses in Hong Kong. The Ho...
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