At least four publicly traded U.S. companies announced Tuesday that they would increase their cryptocurrency investment by $844 million, which increases the number of companies seeking Bitcoin and other cryptocurrencies to boost.
The biggest pay raise on Tuesday came from DDC Enterprise Ltd, a Hong Kong-based hot diet seller. explain It signed three purchase agreements totaling $528 million, all of which will be used to expand the company’s Bitcoin (BTC)hold.
The pay raise comes almost entirely from $300 million in convertible notes, $200 million in line of credit and $26 million in equity investment. Dallas-based investment firm Anson Funds is the largest investor, but Animoca brand It also made great contributions.
DDC set out to develop the mission of “the most valuable bitcoin treasury in the world” and purchased it The first batch of 21 Bitcoins On May 23, the contract was exchanged for nearly 255,000 shares for a $2.28 million contract.
DDC said it plans to purchase 5,000 bitcoins over the next three years, a target of $528 million obtained based on the current price.
Bitcoin company Fold raises $250 million in BTC purchases
Fold Holdings Inc, the first publicly traded Bitcoin financial services company, explain On Tuesday, it received $250 million in stock purchase facilities, with net income “mainly aiming to fund additional Bitcoin purchases.”
The agreement allows Fold to issue and sell up to $250 million in newly issued shares to purchase Bitcoin as appropriate, but sign a registration form to resell approval from the stock Securities and Exchange Commission.
If approved, the stock will be sold through a private placement exemption from the SEC registration rules. In private placement, companies raise funds by selling securities to private investors rather than through public markets.
At current prices, theoretically, $250 million can buy 2,390 bitcoins. Even allocating half of this amount to Bitcoin acquisition will greatly increase Fold’s current Treasury to 1,490 bitcoins.
Bitmine Caps $16 million Bitcoin Buy Stocks After Buy
Meanwhile, Bitcoin mining equipment leasing company Bitcoin Immersion Technology explain It purchased $16.3 million in Bitcoin using recent stock earnings.
The company now has 154.16 bitcoins, with an average purchase price of $106,033.
Bitmine said that buying consistency with the new strategy increases Bitcoin holdings through self-mining and capital raises, thereby strengthening its commitment to accumulating as much bitcoin as possible.
Bitmine has used some of the funds issued on June 6 to buy its first 100 Bitcoins on June 9.
Added hype as fiscal assets
Nasdaq-listed biotech company Eyenovia also participated in Tuesday’s cryptocurrency purchase campaign, explain It signed a $50 million private location to build reserves for Hype tokens and to use itself as the asset of “the first publicly listed company in the United States to establish a long-term strategic Treasury.”
Overflow is dispersed Crypto derivative exchange Built on its own layer 1 blockchain. It is powered by hype tokens that involve established, rewarding active merchants with gas and water and governance activities.
Related: Data shows that in regional conflicts, Bitcoin prices are stable and gatherings.
Eyenovia said it will receive over $1 million in hype at its current price — worth $400.1 million — and store the token on Anchorage Digital’s crypto platform.
The company, which mainly develops digital ophthalmology technology, will also rebrand it as “Hyperion Defi” under Tresker Hypd.
Eyenovia also appointed Hyunsu Jung as chief investment officer and board member to lead the company’s crypto strategy.
“We believe that hyperliquid is one of the fastest-growing and highest-income blockchains in the world,” Jung said.
Magazine: Arthur Hayes doesn’t care when his Bitcoin prediction is completely wrong
