DDC Enterprise, a prominent player in the cross-border e-commerce sector, has formalized three securities purchase agreements, aiming to secure up to $528 million net of placement and issuance expenses, according to a June 17 report by COINOTAG News via Businesswire. The capital influx is backed by a consortium of notable investors, including Anson Funds, Animoca Brands, Kenetic Capital, and QCP Capital, alongside a broad spectrum of institutional and individual Bitcoin stakeholders. This strategic capital raise is intended to bolster the company’s Bitcoin reserves, reinforcing its position in digital asset holdings.
Earlier disclosures from June 12 revealed that DDC Enterprise (NYSE: DDC) augmented its cryptocurrency portfolio by acquiring an additional 38 Bitcoins, elevating its total Bitcoin assets to 138 coins. This move underscores the company’s commitment to expanding its digital asset footprint amid evolving market dynamics and growing institutional interest in cryptocurrency investments.