Bitcoin News Today: DV8 Raises 2.41 Billion Baht in First Financing Round, Cash Treasury Grows 38%

DV8 Public Company Limited, a publicly listed company in Thailand, has successfully completed its first round of financing, raising a total of 2.41 billion Thai Baht, approximately $7.4 million. This significant funding round marks a pivotal moment in DV8's strategic transformation into the "first Cryptocurrency Treasury Company in Southeast Asia." The high subscription rate of 99.9% reflects the strong confidence existing shareholders have in DV8's long-term Bitcoin-native treasury strategy.

The financing round has resulted in a 38% growth in cash treasury and a 13% increase in cash earnings per share. This financial boost will enable DV8 to advance its "Crypto-Native Value Creation Model," similar to the approach taken by MicroStrategy. The model involves continuously raising capital to convert funds into cryptocurrency treasury assets, thereby enhancing "per-share crypto value" and supporting long-term shareholder returns.

This milestone coincides with the strategic entry of Metaplanet, a Japanese publicly listed company, into DV8. Metaplanet has gained global recognition and success after fully transforming into a Bitcoin treasury company. It is now the world's fifth-largest Bitcoin-holding company, with its stock price surging over 110 times in the past one to two years. This partnership is expected to further bolster DV8's position in the cryptocurrency market.

DV8, under the leadership of its newly appointed Chairman, Chatchaval Jiaravanon, is planning to reshape itself as a Bitcoin financial company. The company will focus on decentralized finance (DeFi) and next-generation digital infrastructure. Jiaravanon, a former acquirer of Fortune magazine and a member of the Charoen Pokphand Group family, is guiding a board of directors that combines expertise from traditional finance and Web3 architecture. This strategic direction is aimed at positioning DV8 as a trailblazer in the Southeast Asian crypto treasury landscape.