DDC Enterprise Secures $528 Million for Bitcoin Treasury Expansion

DDC Enterprise Limited, a prominent global Asian food platform, has announced a significant fundraising initiative, securing up to $528 million in gross proceeds. This capital raise is dedicated exclusively to expanding the company's Bitcoin treasury, positioning DDC as a leader in corporate Bitcoin holdings. The financing, which includes investments from Anson Funds, Animoca Brands, Kenetic Capital, QCP Capital, and a network of leading institutional funds and individual Bitcoin investors, is one of the largest single-purpose Bitcoin raises by any NYSE-listed company. The closings of the financings are subject to the satisfaction of customary closing conditions.

The funding structure is strategically designed to provide DDC with the flexibility and scale needed to execute its ambitious Bitcoin accumulation strategy. The capital raise includes a $26 million equity PIPE investment, a $300 million convertible secured note and $2 million equity private placement, and a $200 million equity line of credit. The equity PIPE investment involves the issuance of up to 2,435,169 Class A Ordinary shares at an average price of $10.30 per share, with the shares restricted for 180 days. The convertible secured note, with Anson Funds as the investor, accrues no interest and will mature in 24 months. The equity line of credit is designed to offer DDC maximum flexibility in accessing capital for dedicated BTC stacking, allowing the company to optimize market timing and make consistent BTC purchases over time.

Norma Chu, Founder, Chairwoman & CEO of DDC Enterprise, emphasized the significance of this funding, stating, "Today is a defining moment for DDC Enterprise and our shareholders. 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. Our vision is unequivocal: we are building the world's most valuable Bitcoin treasury." She further noted that this investment validates Bitcoin's important role in future corporate balance sheets and positions DDC as the premier bridge between global capital markets and the Bitcoin ecosystem. DDC Enterprise is strongly positioned as the definitive publicly-traded vehicle for concentrated Bitcoin exposure and value creation, with a focus on growing its BTC treasury and delivering attractive BTC yield consistently for its shareholders.

Maxim Group acted as the exclusive financial advisor in connection with the offering. The press release also includes a caution regarding forward-looking statements, highlighting the uncertainties and risks associated with the company's future prospects and the satisfaction of closing conditions and use of proceeds in the offerings. Investors are encouraged to review the company's filings with the Securities and Exchange Commission for a comprehensive understanding of the risks and factors that may affect its future results.