.png){kind=logo}
Four listed companies have made major crypto investments, investing over 844 million in crypto deals, showing a corporate turn towards Bitcoin and other emerging blockchain assets.
The announcements, made on Tuesday, will see the company engage in various plans to develop long-term digital treasuries by directly purchasing Bitcoin, financing convertible notes, and making private placements.
Hong Kong-based meal delivery firm DDC Enterprise Ltd. revealed that it had secured three investment deals amounting to US$528 million. The company plans to spend the money aggressively buying Bitcoin assets, stating that its goal is to become the “world’s most valuable Bitcoin treasury.” The funding involves a $300-million convertible note, a $200-million credit facility, and a $26-million equity investment.
Anson Funds, a Dallas-based investment group, led the round, while Animoca Brands’ venture arm also contributed significantly. DDC made its first Bitcoin purchase on May 23, acquiring 21 BTC for approximately $2.28 million. Using the newly raised capital, the company plans to accumulate 5,000 BTC within the next three years. Based on current prices of nearly $105,000 per coin, the company could meet its target with the available funding.
Fold Holdings Inc., a US-based Bitcoin financial services firm, revealed it has secured a $250 million equity purchase facility. The company aims to use the proceeds primarily for Bitcoin acquisitions. This move follows Fold’s ongoing strategy to grow its on-chain reserves.
According to the company, the agreement allows it to issue and sell shares at its discretion. The sales depend on approval from the US Securities and Exchange Commission. Fold holds 1,490 BTC. At the current exchange rate, the funds can purchase more than 2,390 more coins, significantly boosting the firm's reserves.
The sale will occur through a private placement under SEC exemptions, enabling the firm to raise capital from private investors without a public offering. Fold has not yet disclosed the timeline for the purchases.
Also Read: Crypto Prices Today: Bitcoin Drops to $105K, XRP Falls 3.25%, HYPE Slides Nearly 5%
BitMine Immersion Technologies used $16.3 million from a recent stock offering to purchase Bitcoin. The Bitcoin mining equipment rental firm now holds 154.16 BTC, bought at an average price of $106,033. BitMine said it will continue using capital raises and self-mining operations to grow its Bitcoin reserves. The firm began this strategy with a 100 BTC purchase on June 9.
Eyenovia, a Nasdaq-listed biotech company, entered the crypto space with a $50 million private placement. It will use the proceeds to acquire over 1 million HYPE tokens, the native asset of Hyperliquid, a decentralized derivatives exchange. The firm plans to stake the tokens using Anchorage Digital’s platform and will rebrand to Hyperion DeFi, trading under the ticker HYPD.
Hyunsu Jung, appointed as the company’s chief investment officer, will lead its crypto efforts. Jung described Hyperliquid as a high-growth blockchain with substantial revenue potential.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
