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DDC Enterprise secures $528 million in funding commitments, plans to raise $500 million through a share placement to expand Bitcoin holdings.
[Bit推] According to reports, Norma Chu, the founder, chairman, and CEO of the NYSE-listed company DDC Enterprise, issued a shareholder letter stating that at the beginning of this month, they secured a commitment of $528 million in transformation capital. So far, investors including Anson Funds, Animoca Brands, and Kenetic Capital have provided approximately $53 million in initial financing. A general F-3 shelf registration statement has been submitted to the SEC, and the shelved registration will allow for a fundraising of up to $500 million in share placement to support its Bitcoin accumulation expansion strategy.