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NEW YORK - DDC Enterprise Limited (NYSE: DDC), currently valued at $36.6 million in market capitalization, announced Tuesday it has secured agreements for up to $528 million in financing primarily to expand its bitcoin treasury, according to a company press release. According to InvestingPro data, the company has demonstrated strong revenue growth of 33% over the last twelve months.
The funding package includes a $26 million equity private investment from investors including Animoca Brands, Kenetic Capital, and QCP Capital. Additionally, the company secured a $300 million convertible secured note with Anson Funds that will mature in 24 months without accruing interest, starting with an initial $25 million tranche.
The financing is rounded out by a $200 million equity line of credit also provided by Anson Funds, designed to give DDC flexibility in timing its bitcoin purchases.
DDC indicated that substantially all proceeds will be used to acquire bitcoin, positioning the company to become one of the largest corporate holders of the cryptocurrency.
"This capital commitment of up to $528 million, backed by respected institutions from both traditional finance and the digital asset frontier, represents a strong mandate to execute an ambitious corporate Bitcoin accumulation strategy globally," said Norma Chu, Founder, Chairwoman and CEO of DDC Enterprise.
The company, which operates Asian food platforms including DayDayCook, Nona Lim, and Yai’s Thai, has strategically positioned bitcoin as a core reserve asset while maintaining its food business operations.
Maxim Group LLC served as the exclusive financial advisor for the transaction. The closings remain subject to customary conditions, according to the company statement.
In other recent news, DDC Enterprise Ltd. reported a notable 33% increase in its 2024 revenue, reaching $37.4 million. This growth is attributed to strategic acquisitions and strong performance in its core operations in China. The company also improved its gross profit margin to 28.4% from 25% the previous year. DDC’s adjusted EBITDA loss narrowed to $3.5 million, and its balance sheet showed a 33% increase in shareholders’ equity, amounting to $11.3 million. Additionally, DDC has embarked on a Bitcoin Accumulation Strategy, with an immediate purchase of 100 BTC and plans to accumulate up to 5,000 BTC within 36 months. The company has partnered with BitGo and Hex Trust to enhance the security and execution of its Bitcoin holdings. Furthermore, DDC announced its 2025 Annual General Meeting of Shareholders, as disclosed in a Form 6-K filed with the U.S. Securities and Exchange Commission. These developments reflect DDC’s strategic initiatives to diversify its reserves and adapt to the evolving economic landscape.
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