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Institutional interest in Bitcoin has been increasing in recent months, with many companies either purchasing Bitcoin for the first time or increasing their purchases.
At this point, Chinese company DDC Enterprise plans to accelerate its Bitcoin purchases.
DDC Enterprise, which first started buying Bitcoin in May, announced that it will receive a total investment of $528 million in three different ways to increase its BTC purchases.
In the official statement, it was stated that the majority of the $528 million fund will be used to purchase Bitcoin.
Almost all of the capital increase will be devoted to expanding the Company's Bitcoin treasury.
The funding, which is earmarked for the largest single-purpose Bitcoin purchase by any NYSE-listed company, is expected to accelerate DDC’s mission to build one of the most valuable institutional Bitcoin assets.
Norma Chu, Founder and CEO of DDC Enterprise, said:
“Our vision is clear: We are building the world's most valuable Bitcoin treasury.
This funding is expected to position DDC as one of the top global institutional Bitcoin holders.
My focus at DDC Enterprise will be to grow our BTC treasury and consistently deliver attractive BTC returns for our shareholders.”
The Chinese company announced in May that it plans to purchase 5,000 Bitcoin (BTC) as part of its strategic growth plans for 2025. The company also stated that it took this step in line with the goal of creating a “Strategic Bitcoin Reserve.”
*This is not investment advice.