DDC Enterprise plans to increase its Bitcoin holdings to 10,000 by the end of this year
2025/07/23 10:43
PANews reported on July 23 that according to Businesswire, Norma Chu, founder, chairman and CEO of DDC Enterprise, a NYSE-listed company, published a shareholder letter, which pointed out that it received a $528 million transformation capital commitment earlier this month. So far, investors such as Anson Funds, Animoca Brands and Kenetic Capital have provided about $53 million in initial financing funds. It has now submitted a general F-3 shelved registration statement to the U.S. Securities and Exchange Commission. The shelved registration will allow it to conduct a rights issue of up to $500 million to support its Bitcoin expansion strategy. In addition, the company also announced a new Bitcoin increase plan: it plans to increase its Bitcoin holdings to 10,000 by the end of 2025, and become one of the top three listed companies using a Bitcoin reserve strategy within three years.
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