Today, several US firms are significantly increasing their Bitcoin and cryptocurrency investments. This surge in corporate interest highlights a growing trend in the financial landscape.
DDC Enterprise Ltd, based in Hong Kong, announced a $528 million raise to expand its Bitcoin holdings. This includes a $300 million convertible note, a $200 million credit facility, and a $26 million equity investment. Their goal is to have the "world's most valuable Bitcoin treasury" and plan to buy 5,000 Bitcoin over the next three years.
Fold Holdings Inc secured a $250 million equity purchase facility to fund additional Bitcoin purchases. This agreement allows Fold to issue and sell up to $250 million in new shares to fund Bitcoin buys. At current prices, this could potentially purchase 2,390 Bitcoin, significantly boosting their current treasury of 1,490 Bitcoin.
BitMine Immersion Technologies purchased $16.3 million worth of Bitcoin, bringing their total holdings to 154.16 Bitcoin. This purchase aligns with their strategy to increase Bitcoin holdings through self-mining and capital raises. They previously bought their first 100 Bitcoin on June 9, using funds from a June 6 offering.
Eyenovia, a Nasdaq-listed biotech firm, announced a $50 million private placement to build a reserve for the Hyperliquid (HYPE) token. They plan to acquire over 1 million HYPE, worth $40.1 million, and stake the tokens on Anchorage Digital's platform. Eyenovia will also rebrand to "Hyperion DeFi" under the ticker HYPD.