DDC Enterprise Ltd has now confirmed closing its previously reported Bitcoin-focused funding round totaling a massive $528 million. Investments have come in from Anson Funds and several significant digital asset-based backers.
The capital will be used directly into the company’s current Bitcoin accumulation agenda. The New York Stock Exchange-listed company finalized multiple tranches in this broad financing package with strategic structuring.
The company completed a $26 million strategic PIPE investment involving Bitcoin-focused investors and included a debt conversion for financial flexibility. Anson Funds provided $25 million through the first tranche of convertible notes, with a future drawdown capacity of up to $275 million.
Additionally, Anson committed $2 million through a private placement, coupled with a $200 million equity line of credit. Its founder, chairwoman, and CEO of DDC Enterprise is Norma Chu. She noted the deal’s transformative breadth and strategic timeliness.
Its capital outlay in one of history’s largest corporate Bitcoin investments leaves DDC with leeway to acquire aggressively in Bitcoin. Chu’s leadership secures DDC’s ongoing status as a public company with one of the best hopes in digital asset integration.
DDC uses proceeds to acquire more Bitcoin
The offer proceeds shall be utilized to directly buy Bitcoin. The acquisition constitutes an implementation of DDC’s current policy of making Bitcoin its key corporate reserve asset. The company’s ambition continues to be among the largest public Bitcoin holders in the world.
Maxim Group LLC acted as the exclusive financial advisor during this financing process, providing essential guidance and structure to ensure the transaction’s success.
DDC Enterprise still maintains its core business as an international Asian brand of food. Through kitchen labels like DayDayCook, Nona Lim, and Yai’s Thai, DDC created its strong brand foundation.
The company now is in the process of becoming a hybrid corporate firm that encompasses merging food retailing with digital asset investing. Having institutional partners namely Animoca Brands and Kenetic Capital share in its investment vision, DDC has found itself in a significant expansion phase.
With capital being moved to Bitcoin by the company, it seeks to overhaul its treasury and expand shareholder value. DDC’s filings with the SEC will offer more insight into the structure and terms of the transaction as the company progresses further.
