DDC Enterprise Ltd. (NYSE: DDC) has entered into three securities purchase agreements that could provide the company with up to $528 million in gross proceeds, according to a statement released today. The financing aims to expand DDC’s corporate Bitcoin treasury, marking one of the largest targeted Bitcoin capital raises by a company listed on the New York Stock Exchange.
The deals, which are subject to standard closing conditions, involve equity and debt instruments with investors ranging from institutional firms to individual digital asset backers. The company stated that it will allocate nearly all proceeds toward acquiring Bitcoin.
Multiple Investment Agreements in Play
The funding package includes three components. First, a $26 million equity private investment in public equity (PIPE) will result in the issuance of approximately 2.4 million Class A Ordinary shares at $10.30 each. The shares, which will be restricted for 180 days, are being acquired by investors including Animoca Brands, Kenetic Capital, QCP Capital, and others with ties to the cryptocurrency sector.
Second, DDC has arranged a $300 million convertible secured note facility with Anson Funds, beginning with a $25 million initial tranche. The note, which carries no interest, matures in 24 months. Anson Funds is also participating in a concurrent $2 million equity placement involving over 300,000 shares.
Lastly, DDC entered into a $200 million equity line of credit (ELOC), also with Anson Funds, offering the company flexible capital access for future Bitcoin purchases, contingent upon registration. The company says this arrangement will allow it to time market entry for Bitcoin acquisitions at its discretion.
Company Positions for a Larger Role in the Bitcoin Market
DDC’s leadership indicated that it will deploy capital with a focus on building a significant corporate Bitcoin reserve. While the company did not specify a timeline for the full deployment of funds, the structure of the deals enables staggered drawdowns and purchases.
“Today is a defining moment for DDC Enterprise,” said CEO Norma Chu in the statement, citing institutional participation as validation of Bitcoin’s growing role in corporate finance. Chu added that DDC aims to become a key public vehicle for Bitcoin exposure and value generation.
