On June 18, four publicly traded companies in the U.S. revealed plans to enhance their cryptocurrency investments by a combined total of $844 million. Among them, DDC Enterprise Ltd, a meal supplier based in Hong Kong, stands out with its announcement of three purchase agreements intended for Bitcoin enhancement, valued at $528 million. This funding includes a mixture of a $300 million convertible note, a $200 million credit facility, and a $26 million equity investment. Notably, Dallas-based Anson Funds is leading the investment, alongside significant contributions from Animoca Brands' venture capital arm. DDC aims to become the entity with 'the world’s most valuable Bitcoin treasury,' having previously purchased 21 Bitcoin for about $2.28 million on May 23.
Fold Holdings Inc, recognized as the first publicly traded service for Bitcoin financial activities, is another major player, securing a $250 million equity purchase facility. This capital is designated mainly for Bitcoin acquisitions, allowing the firm flexibility to issue new shares. Should the deal be approved by the Securities and Exchange Commission, Fold could add approximately 2,390 Bitcoin to its existing treasury of 1,490 Bitcoin, depending on current market conditions.
Furthermore, BitMine Immersion Technologies disclosed a $16.3 million Bitcoin acquisition using money raised from a recent stock offering, increasing its total Bitcoin assets to 154.16.
Lastly, Eyenovia, a Nasdaq-listed biotech company, initiated a $50 million private placement to establish a reserve of Hyperliquid (HYPE) tokens, claiming to be the first publicly listed U.S. firm to build a long-term treasury for this asset. The firm plans to buy over 1 million HYPE tokens, currently valued at roughly $40.1 million, and intends to stake them on Anchorage Digital's platform. Eyenovia plans to rebrand to 'Hyperion DeFi' under ticker HYPD, with Hyunsu Jung appointed as the chief investment officer to drive its crypto strategy.
Fold Holdings Inc, recognized as the first publicly traded service for Bitcoin financial activities, is another major player, securing a $250 million equity purchase facility. This capital is designated mainly for Bitcoin acquisitions, allowing the firm flexibility to issue new shares. Should the deal be approved by the Securities and Exchange Commission, Fold could add approximately 2,390 Bitcoin to its existing treasury of 1,490 Bitcoin, depending on current market conditions.
Furthermore, BitMine Immersion Technologies disclosed a $16.3 million Bitcoin acquisition using money raised from a recent stock offering, increasing its total Bitcoin assets to 154.16.
Lastly, Eyenovia, a Nasdaq-listed biotech company, initiated a $50 million private placement to establish a reserve of Hyperliquid (HYPE) tokens, claiming to be the first publicly listed U.S. firm to build a long-term treasury for this asset. The firm plans to buy over 1 million HYPE tokens, currently valued at roughly $40.1 million, and intends to stake them on Anchorage Digital's platform. Eyenovia plans to rebrand to 'Hyperion DeFi' under ticker HYPD, with Hyunsu Jung appointed as the chief investment officer to drive its crypto strategy.
