DDC Enterprise, a publicly traded company in the US, has completed a $528 million financing, with net proceeds used to purchase Bitcoin

ChainCatcher news, NYSE-listed company DDC Enterprise Limited announced that the previously announced financing has been completed, with a total amount of $528 million, with investors including Anson Funds and others. This financing is expected to provide DDC with immediate funds to implement its corporate Bitcoin accumulation strategy. Maxim Group LLC acted as the exclusive financial advisor for this transaction. The company plans to use the net proceeds from this issuance to purchase Bitcoin.

Previous news, DDC Enterprise announced in mid-June its intention to raise $528 million to expand its Bitcoin reserves.