Investment Giants Green Light Bitcoin: Secured by NYSE-Listing, DDC Secures a Record $528 Million to Accumulate BTC
DDC Enterprise Limited (NYSE: DDC), a leading player in the packaged Asian food market with brands like DayDayCook and Yai's Thai, has announced a significant financial milestone. The company has closed a $528 million financing round, one of the largest Bitcoin-focused capital raises by a NYSE-listed company[1][2].
The funding round, aimed at accelerating DDC's corporate Bitcoin acquisition plan, includes a mix of equity, convertible notes, and credit facilities[1][2][4]. Key details of the funding include:
- A $26 million strategic PIPE equity investment from leading Bitcoin and digital asset investors such as Animoca Brands, Kenetic Capital, and others[1][2][4]. This also involved converting outstanding debt to equity to strengthen the balance sheet. - An initial $25 million tranche of convertible secured notes issued to Anson Funds, with an additional capacity of up to $275 million for future drawdowns[1][2][4]. These notes accrue no interest and mature in 24 months. - A $2 million private placement from Anson Funds alongside a $200 million equity line of credit, providing ongoing capital flexibility for Bitcoin acquisition[1][2][4].
The financing was led by Anson Funds, a North American institutional investment firm, with participation from prominent investors including Animoca Brands and Kenetic Capital. Maxim Group LLC acted as exclusive financial advisor[2][4].
Norma Chu, Founder, Chairwoman, and CEO of DDC Enterprise, highlighted that this funding "marks a watershed moment" for the company, enabling it to build one of the world’s largest corporate Bitcoin treasuries and become a top global Bitcoin holder[1][2].
Proceeds from the financing will be used exclusively for Bitcoin purchases, reflecting DDC Enterprise’s strategic shift to integrate cryptocurrency into its treasury management and financial operations, positioning the company at the forefront of innovation in its sector[3].
The crypto community views this deal as a sign of growing institutional involvement in Bitcoin, with DDC aiming to strengthen its position as a major institutional holder of Bitcoin[1][2]. The news was flagged by industry watcher Wu Blockchain as one of the largest Bitcoin-focused financings by a NYSE-listed company.
In conclusion, DDC Enterprise’s $528 million funding round combines equity, convertible notes, and credit facilities, backed by significant institutional investors, to aggressively advance its Bitcoin accumulation strategy and corporate treasury diversification[1][2][4]. The funds will be deployed immediately to execute DDC's Bitcoin accumulation roadmap, transforming the company's corporate identity with Bitcoin now central to its financial planning.
Investing in Bitcoin is a key component of DDC Enterprise's financial strategy, as the company has closed a significant $528 million financing round for this purpose. This funding, led by Anson Funds, will be used exclusively for Bitcoin purchases, positioning DDC as a top global Bitcoin holder and further integrating cryptocurrency into its treasury management and financial operations.
