US Companies Bolster Crypto Investments Amid Market Trends
At least four US-listed firms announced significant cryptocurrency investments on Tuesday, with combined commitments exceeding $850 million, reflecting a growing corporate appetite for digital assets in the current market environment.
DDC Enterprise Secures $528 Million for Bitcoin Purchase
Meal service provider DDC Enterprise Ltd. secured agreements worth a total of $528 million comprising equity funding, convertible notes, and credit facilities. Dallas investment firm Anson Funds and Animoca Brands’ venture capital arm are among the key contributors. This funding will boost the company’s existing BTC treasury.
DDC has set a target of accumulating 5,000 Bitcoin over three years. Following its initial $2.28 million purchase triggering the $2.28 million deal, the maiden investment was of 21 Bitcoin.
Fold Holdings Raises $250 Million for BTC Treasury Build
Publicly traded financial services firm Fold Holdings Inc. announced a $250 million equity purchase facility. Net proceeds will primarily fund Bitcoin acquisitions. The company intends to raise funds via a private placement process to purchase shares, which are expected to be resold by investors once SEC approval is obtained.
Based on current valuations, this facility could allow Fold, which currently holds 1,490 BTC, to acquire over 2,390 coins, significantly expanding its treasury.
BitMine Allocates $16.3 Million from Offering to Bitcoin
Bitcoin mining equipment provider BitMine Immersion Technologies utilized proceeds from a stock offering to acquire $16.3 million worth of Bitcoin, increasing its current holdings to 154.16 BTC, averaging around $106,000 per coin. The firm cited its “core accumulation” strategy as a guiding principle for this purchase.
The company previously purchased 100 BTC within a week of its stock offering.
Eyenovia Secures $50 Million for Hyperliquid Token Treasury
Nasdaq-listed biotech firm Eyenovia announced a $50 million private placement aimed at acquiring a strategic treasury of the Hyperliquid (HYPE) token via a long-term stake with Anchorage Digital. Eyenovia declared this move makes it “the first U.S. publicly listed company building a long-term strategic treasury” for a L4 blockchain project.
Under its planned rebranding to Hyperion DeFi (ticker: HYPD), Eyenovia aims for significant HYPE growth. New chief investment officer Hyunsu Jung secured funding, framing Hyperliquid positively based on its projected performance. Eyenovia expects to acquire over 1 million HYPE tokens, theoretically worth $40.1 million.
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