DDC Enterprise Plans to Raise $528 Million to Expand Bitcoin Reserves

NYSE-listed company DDC Enterprise Limited announced that it has signed three securities purchase agreements, with expected maximum proceeds of up to $528 million after deducting placement agent fees and issuance expenses. Investors include Anson Funds, Animoca Brands, Kenetic Capital, QCP Capital, and a network of leading institutional funds and individual Bitcoin investors. All funds raised will be used to expand the company’s Bitcoin reserves.