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At least four publicly listed companies in the United States have announced plans to increase their holdings in Crypto Assets, totaling $844 million.
Gate News bot news, on Tuesday, at least four publicly listed companies in the United States announced plans to increase their holdings of Crypto Assets, totaling $844 million.
Among them, the largest company in the amount of financing is DDC Enterprise Ltd, a seller of ready-to-eat food in Hong Kong, China. The company said it has signed three purchase agreements totaling $528 million, with all funds going to expand the company's Bitcoin reserves.
This financing comes almost entirely from $300 million in convertible bonds, $200 million in credit lines, and $26 million in equity investments. Dallas investment firm Anson Funds is the largest investor, and the venture capital department of Animoca Brands is also involved.
DDC stated that it plans to purchase 5,000 coins in Bitcoin over the next three years – based on current prices, this goal can be achieved with $528 million in funding.
The first publicly listed Bitcoin financial services company, Fold Holdings Inc, announced on Tuesday that it has secured $250 million in equity subscription financing, with its net proceeds "primarily used for" increasing its Bitcoin holdings.
The agreement allows Fold to issue and sell up to $250 million in new stock to fund the purchase of Bitcoin—subject to approval by the U.S. Securities and Exchange Commission and submission of a stock resale registration statement. At the current price, $250 million could theoretically buy Fold 2,390 Bitcoins.
At the same time, the Bitcoin mining machine leasing company BitMine Immersion Technologies stated that it used the proceeds from its recent stock issuance to purchase $16.3 million worth of Bitcoin. The company currently holds 154.16 coins of Bitcoin, with an average purchase price of $106,033.
In addition, Nasdaq-listed biotech company Eyenovia announced on Tuesday that it has signed a $50 million private placement agreement to establish reserves for the Hyperliquid (HYPE) token, claiming to be "the first U.S. listed company to establish a long-term strategic reserve for this asset." Eyenovia stated that it will acquire over 1 million HYPE (valued at $40.1 million at current prices) and will stake these tokens on Anchorage Digital's encryption platform.