The financing package blends multiple instruments, including PIPE funding from Animoca Brands and Kenetic Capital, a convertible note worth $300 million, and a $200 million equity line from Anson Funds. With a $25 million initial drawdown, the funds will fuel DDC’s long-term BTC acquisition strategy.
CEO Norma Chu framed the raise as a balance sheet enhancer and a strong signal of the company’s belief in Bitcoin as a strategic reserve asset. Notably, DDC had already added 38 BTC in June, bringing its holdings to 138 coins before the new funding.
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Strategy Reports $4.4B Bitcoin Profit, Boosts Holdings to Nearly 600K BTC
What sets DDC apart is its dual focus. While its core remains in the consumer space, its growing Bitcoin treasury aligns it with a new wave of corporations treating crypto as a hedge and growth engine. The move follows a broader trend, echoing the playbook of large firms like Strategy, which continues aggressive weekly BTC purchases.
The post NYSE-Listed DDC Doubles Down on Bitcoin with Massive $528M Funding Round appeared first on BitcoinLinux.
