DDC Enterprise Limited (NYSE: DDC) announced it has secured up to $528 million in gross proceeds through a series of securities purchase agreements, primarily designated for expanding the company’s Bitcoin treasury. This financing aims to position DDC Enterprise as a leading corporate holder of Bitcoin, representing one of the largest single-purpose Bitcoin raises by a NYSE-listed company. The investors include Anson Funds, Animoca Brands, Kenetic Capital, along with a network of institutional funds and individual Bitcoin investors. Norma Chu, Founder, Chairwoman, and CEO of DDC Enterprise, stated, “Our vision is unequivocal: we are building the world’s most valuable Bitcoin treasury.”
The strategic funding structure encompasses three distinct components. A $26 million equity PIPE (Private Investment in Public Equity) investment involves premier investors such as Animoca Brands, Kenetic Capital, Jack Liu, and Matthew Liu (Co-Founder, Origin Protocol), among others. DDC expects to issue up to 2,435,169 Class A Ordinary shares at an average price of $10.30 per share, subject to standard closing conditions. These shares will be restricted for 180 days.
Additionally, DDC Enterprise has entered into a $300 million convertible secured note agreement with Anson Funds, an institutional investment firm with offices in the United States and Canada. This note accrues no interest and has a 24-month maturity. The initial tranche of the note is for $25 million, with an additional capacity of up to $275 million available for subsequent drawdowns upon mutual agreement. Concurrently, Anson Funds is purchasing 307,693 Class A Ordinary shares for $2 million in a private placement.
Further enhancing capital access, a $200 million equity line of credit (ELOC) has also been secured with Anson Funds. This ELOC is designed to provide DDC Enterprise with flexibility in accessing capital for dedicated Bitcoin accumulation, allowing the company to optimize market timing for consistent Bitcoin purchases at management discretion following its future commencement and registration. Substantially all gross proceeds from these financings will be deployed to acquire Bitcoin.
Ms. Chu emphasized the strategic importance of the funding, stating, “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.” She added that this investment is expected to propel DDC into one of the top global corporate Bitcoin holders, validating Bitcoin’s evolving role in corporate balance sheets. Maxim Group LLC served as the exclusive financial advisor for the offering. The closings of the financings are contingent upon the satisfaction of customary closing conditions.
DDC Enterprise Limited, a company publicly traded on the New York Stock Exchange, is focused on integrating Bitcoin as a core reserve asset while maintaining its operations as a global Asian food platform. The company continues to grow its portfolio of culinary brands, which includes DayDayCook, Nona Lim, and Yai’s Thai, alongside its strategic Bitcoin accumulation initiative.