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Home Explore Bitcoin

Four Public US Firms Pledge $844M to Beef Up Bitcoin Holdings in Major Crypto Push

18 June 2025
in Bitcoin, News
Reading Time: 2 mins read
101 8
sourcce: vecteezy.com

sourcce: vecteezy.com

In a bold display of confidence in digital assets, four publicly listed U.S. companies announced plans on June 17 to inject a combined $844 million into Bitcoin and other cryptocurrencies, underscoring the growing trend of corporations turning to crypto for long-term value.

DDC Enterprise Announces Up to $528 Million Raise to Accelerate Bitcoin Treasury Strategy
Source: Businesswire

The largest investment came from Hong Kong-based DDC Enterprise Ltd, a ready-to-eat meal provider that has made an aggressive entry into the Bitcoin space. DDC revealed that it secured $528 million through a trio of financing deals: a $300 million convertible note, a $200 million credit facility, and a $26 million equity raise. Dallas-based Anson Funds led the investment round, with additional backing from the venture capital arm of Animoca Brands.

With a clear mission to build “the world’s most valuable Bitcoin treasury,” DDC made its first Bitcoin purchase on May 23, trading roughly 255,000 company shares for 21 BTC in a $2.28 million deal. The firm now aims to acquire 5,000 Bitcoin over the next three years — a target well within reach if the newly raised capital is fully deployed at current market prices.

Fold Holdings Inc., recognised as the first publicly traded Bitcoin-native financial services firm, also made headlines with its announcement of a $250 million equity purchase facility. The firm intends to use the proceeds primarily to expand its Bitcoin reserves. The agreement grants Fold the flexibility to sell newly issued shares — pending SEC approval — via a private placement mechanism, allowing it to draw funds as needed to fund further Bitcoin acquisitions.

Based on Bitcoin’s current price of around $105,000, Fold could potentially purchase up to 2,390 BTC with the full facility. Even partial deployment of the capital would significantly boost its existing treasury, which currently holds 1,490 Bitcoin.

Joining the spree, Texas-based BitMine Immersion Technologies revealed that it had used proceeds from a recent stock offering to buy $16.3 million worth of Bitcoin. The mining equipment rental firm acquired 154.16 BTC at an average cost of $106,033 per coin. 

 

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