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Founder of DDC, a US-listed company: Plans to hold 10,000 BTC by the end of 2025 and become one of the top three BTC reserve companies in the world within three years
Odaily News Norma Chu, founder, chairman and CEO of DDC Enterprise, a US-listed company, said in a shareholder letter that DDC has submitted a $500 million F-3 general shelf registration statement to the US Securities and Exchange Commission. This move is aimed at ensuring flexible and efficient access to the capital market when favorable opportunities arise.
In addition, the companys new Bitcoin vision goal is to hold 10,000 Bitcoins by the end of 2025; and to become one of the top three Bitcoin reserve companies in the world within three years.
Earlier news, Animoca Brands reached a cooperation with DDC Enterprise to invest $100 million to support its Bitcoin treasury. Earlier this month, the company received a commitment of up to $528 million in transformation capital, and has now received $53 million in initial funding from well-known partners such as Anson Funds, Animoca Brands and Kenetic Capital.
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