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DDC Enterprise collects 124 million USD-Bitcoin trasure in the upswing!
DDC Enterprise Secures $124 Million in Bitcoin Treasury; Investors show confidence in long-term strategy.
DDC Enterprise collects 124 million USD-Bitcoin trasure in the upswing!
DDC Enterprise has successfully raised $124 million in a recent funding round. The shares were offered at $10 apiece, a 16% premium to the Oct. 7 closing price. This round fuels investor confidence in DDC’s innovative Bitcoin treasury model, which aims for long-term wealth creation rather than short-term profits.
The financing round was supported by the renowned investors PAG Pegasus and Mulana Investment Management. As part of the agreement, all investors involved blocked their investment for a period of 180 days to secure the stability of the project. The personal investment by Norma Chu, the founder and CEO of DDC, amounts to USD 3 million.
DDC's growth plans
DDC plans to increase its Bitcoin stocks to an impressive 10,000 BTC by the end of 2025. The company currently holds 1,058 BTC. In order to achieve this ambitious goal, DDC relies on a strategic and long-term approach that should enable the company to be one of the leading actors in the field of Bitcoin denim.
Current Bitcoin holders such as Strategy, Marathon Holdings and Metaplanet also have significant stocks, with Strategy standing at the top with 640,031 BTC, followed by Marathon Holdings with 52,850 BTC and MetAplanet with 30,823 BTC.
Discussion about accounting standards
The discussion about Bitcoin treasury accounting standards is becoming increasingly important. NYDIG’s criticism of the “mNAV” metric in particular has caught the industry’s attention. NYDIG argues that this metric is misleading and does not accurately reflect the company's actual valuation. The debate about transparent and accountable accounting standards is becoming increasingly relevant for companies in this sector, as they can influence investor confidence.
Overall, DDC's successful financing round shows that interest in Bitcoin and new financing models remains strong. With a clear focus on long-term strategies, DDC is well positioned to grow and gain influence in a rapidly changing market. The developments are being followed closely by both investors and industry observers.
For more details on this funding round and DDC Enterprise's future plans, read the full article on crypto.news.