US-listed company DDC Enterprise completes $528 million financing, net proceeds to be used for Bitcoin purchases

According to ChainCatcher, NYSE-listed company DDC Enterprise Limited has announced the completion of its previously disclosed financing, raising a total of $528 million, with investors including Anson Funds and others. This round of financing is expected to provide DDC with immediate capital to implement its corporate Bitcoin accumulation strategy. Maxim Group LLC served as the exclusive financial advisor for this transaction. The company plans to use the net proceeds from this offering to purchase Bitcoin.

Earlier reports indicated that in mid-June, DDC Enterprise announced plans to raise $528 million to expand its Bitcoin reserves.