2-7-2025 – DDC Enterprise Limited, a Hong Kong-based food company listed on the NYSE, has finalized a $528 million financing deal to expand its Bitcoin treasury, marking one of the largest crypto-focused capital raises by a publicly traded firm.
The company aims to acquire 5,000 BTC over the next three years, positioning itself as a leading corporate Bitcoin holder. The funding, backed by institutional investors like Anson Funds, Animoca Brands, and Kenetic Capital, includes a $26 million PIPE investment, a $25 million convertible note, a $2 million private placement, and a $200 million equity line of credit.
CEO Norma Chu described the raise as a “watershed moment,” emphasizing DDC’s ambition to build a globally significant Bitcoin reserve while maintaining its core food brands, such as DayDayCook and Yai’s Thai. The strategy follows a growing trend among public companies, with over 140 firms holding $90.9 billion in Bitcoin, per bitcointreasuries.net.
DDC’s pivot reflects increasing corporate confidence in Bitcoin as a strategic asset, especially after its price surpassed $100,000 this year. However, the announcement triggered an 8.17% drop in DDC’s stock price, which fell to $10.01 by midday, signaling investor caution over the bold crypto bet. The move aligns DDC with firms like Strategy, which have integrated Bitcoin into their financial frameworks. Investors and analysts will closely monitor DDC’s Bitcoin acquisition progress and its impact on stock performance amid crypto market volatility.
