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**$528 Million Bitcoin Deal Just Announced by Asian Food Giant: Details**
In a surprise move, DDC Enterprise, a NYSE-listed Asian food giant, has revealed the first stage of an unprecedented $528 million financing plan to build one of the largest Bitcoin treasuries on Wall Street. This strategic shift marks a significant departure from its traditional culinary roots, as it now appears to be placing a substantial bet on the financial future of cryptocurrency.
According to reports, this massive deal will see Anson Funds, Animoca Brands, and Kenetic Capital providing support for DDC’s ambitious Bitcoin strategy. The company has also secured a $26 million investment to rectify its balance sheet, followed by an initial $25 million injection through convertible notes as part of a broader $275 million credit arrangement.
DDC Enterprise is now poised to become a major player in the BTC market, which could significantly impact the landscape.
Source: u.today
