The post Hong Kong-Based Food Firm Secures $528 Million to Boost Bitcoin Treasury appeared on BitcoinEthereumNews.com.

In brief DDC Enterprise has closed a $528 million capital raise, the company said Tuesday.  It will use the funds to buy Bitcoin, with the aim to purchase 5,000 BTC over the next three years.  DDC is one of more than 140 publicly traded firms that is acquiring the world’s oldest cryptocurrency.  Hong Kong-based food brands company DDC Enterprise Limited has closed a $528 million capital raise to build up its Bitcoin treasury, the firm said Tuesday in a statement. It’s one of a growing list of firms that have adopted software firm Strategy’s crypto-stacking playbook.  The firm, which is traded on the NYSE American, conducted three securities sales to raise the capital, which will go toward its plan to buy 5,000 Bitcoin over the next three years. Crypto-native firms Anson Funds, Animoca Brands and Kenetic Capital participated in the fundraising efforts. The firm secured $26 million in in private equity financing, as well as $25 million from convertible notes, which could bring in an additional $275 million through future installments. DDC Enterprise also raised $2 million through a private placement, securing an additional $200 million equity line of credit.  “This maximum aggregate $528 million capital commitment marks a watershed moment for DDC,” DDC Enterprise CEO and founder Norma Chu said, in a statement. “We believe we have unprecedented capacity to execute our mission of building one of the world’s most valuable corporate Bitcoin treasuries and becoming a top global Bitcoin holder.” The company kicked off its Bitcoin treasury strategy earlier this year, and had accumulated 138 BTC—currently valued at $14.6 million—as of June 12, per a press release. DDC acquired the Bitcoin at an average price of $78,582 per coin, well below the current BTC price of $105,693. DDC will accumulate more Bitcoin while continuing to run its…

---

Filed under: News - @ July 2, 2025 12:18 am