Latest news with #NormaChu
Business Wire
6 days ago
- Business
- Business Wire
DDC Enterprise Announces Up to $528 Million Raise to Accelerate Bitcoin Treasury Strategy
NEW YORK--(BUSINESS WIRE)--DDC Enterprise Limited (NYSE: DDC) ('DDC' or the 'Company') today announced it has entered into three securities purchase agreements for a total of up to $528 million of gross proceeds to the Company, before placement agent fees and offering expenses. Investors include Anson Funds, Animoca Brands, Kenetic Capital, QCP Capital, and a network of leading institutional funds and individual Bitcoin investors. Substantially all of the capital raise will be dedicated to expanding the Company's Bitcoin treasury. This transformative financing, among the largest single-purpose Bitcoin raises by any NYSE-listed company, is expected to accelerate DDC's mission to establish one of the most valuable corporate Bitcoin holdings. "Our vision is unequivocal: we are building the world's most valuable Bitcoin treasury." -- Norma Chu, Founder, Chairwoman, and CEO of DDC Enterprise Share Strategic Funding Structure: Institutional Confidence at Scale $26 Million Equity PIPE Investment The Company has entered into subscription agreements with premier investors including Animoca Brands, Kenetic Capital, QCP Capital, Jack Liu, Matthew Liu (Co-Founder, Origin Protocol), and other leading institutional funds and individual Bitcoin investors. Subject to standard closing conditions, DDC expects to issue up to 2,435,169 Class A Ordinary shares at an average price of $10.30 per share. The shares will be restricted for 180-days. $300 Million Convertible Secured Note and $2 Million Equity Private Placement With Anson Funds as the investor, an institutional investment firm with offices in the United States and Canada, the convertible secured note accrues no interest and will mature in 24 months. Pursuant to the Facility, the Company will issue a note in the aggregate principal amount of $25 million as its first tranche, with additional capacity of up to $275 million available in subsequent drawdowns upon mutual agreement of the parties. Anson Funds is also purchasing 307,693 Class A Ordinary shares for $2 million in a concurrent private placement. $200 Million Equity Line The $200 million equity line of credit ('ELOC'), also secured with Anson Funds, is designed to offer DDC maximum flexibility in accessing capital for dedicated BTC stacking. With the ELOC, upon its future commencement following registration, the Company can optimize market timing and can consistently make BTC purchases over time at management discretion. Substantially all of the gross proceeds from the financings will be deployed to acquire Bitcoin. Statement from Norma Chu, Founder, Chairwoman & CEO of DDC Enterprise "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.' Ms. Chu, continued, 'This funding is expected to propel DDC into one of the top global corporate Bitcoin holders. This investment by Anson Funds and the group of PIPE investors is a resounding validation of Bitcoin's important role in future corporate balance sheets. At DDC, we will deploy this capital with institutional discipline and unwavering conviction, cementing our position 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. My focus will be on growing our BTC treasury and delivering attractive BTC yield consistently for our shareholders." Maxim Group LLC acted as the exclusive financial advisor in connection with the offering. The closings of the financings are subject to the satisfaction of customary closing conditions. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. About DDC Enterprise DDC Enterprise Limited (NYSE: DDC) is spearheading the corporate Bitcoin treasury revolution while maintaining its foundation as a leading global Asian food platform. The Company has strategically positioned Bitcoin as a core reserve asset, executing an aggressive accumulation strategy. While continuing to grow its portfolio of culinary brands – including DayDayCook, Nona Lim, and Yai's Thai – DDC is now at the vanguard of public companies integrating Bitcoin into their financial architecture. Caution Regarding Forward-Looking Statements Certain statements in this announcement are forward-looking statements. Investors can identify these forward-looking statements by words or phrases such as 'may,' 'will,' 'expect,' 'anticipate,' 'aim,' 'estimate,' 'intend,' 'plan,' 'believe,' 'is/are likely to,' 'potential,' 'continue' or other similar expressions. Examples of forward-looking statements include those related to business prospects, accumulation of Bitcoin, and the Company's goals and future activity under the financing transactions described above, including the statements on the closings of the offerings and the satisfaction of closing conditions and use of proceeds in the offerings. These statements are subject to uncertainties and risks including, but not limited to, the risk factors discussed in the Risk Factors and in Management's Discussion and Analysis of Financial Condition and Results of Operations sections of our Forms 20-F, 6-K and other reports, including a Form 6-K which with copies of the definitive documents related to the above transactions, to be filed with the Securities and Exchange Commission ('SEC') and available at Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's filings with the SEC. Additional factors are discussed in the Company's filings with the SEC, which are available for review at The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations that arise after the date hereof, except as may be required by law.
Business Wire
11-06-2025
- Business
- Business Wire
DDC Enterprise Announces BitGo Custodian Partnership
NEW YORK--(BUSINESS WIRE)-- DDC Enterprise Limited (NYSE: DDC) today announced a strategic advancement in its Bitcoin treasury strategy: a custody partnership with BitGo Trust Company, Inc., the leading infrastructure provider of digital asset solutions. This initiative reinforces DDC's institutional approach to Bitcoin stewardship. "BitGo is proud to serve as the trusted custodian for DDC in this next phase of Bitcoin treasury expansion," said Mike Belshe, CEO of BitGo. "DDC's commitment to institutional-grade security and long-term conviction in Bitcoin aligns with BitGo's mission. BitGo Institutional Custody Partnership DDC has selected BitGo as its official custodian for Bitcoin holdings within its corporate treasury strategy. BitGo's qualified custody platform provides enterprise-grade security, regulatory compliance, and operational controls trusted by thousands of leading institutions worldwide. With industry-leading multi-sig technology and insurance coverage of up to $250M, BitGo helps ensure that DDC's assets are safeguarded under the highest standards of protection. This reflects DDC's commitment to secure, compliant and forward-thinking digital asset management as it navigates the next phase of its corporate treasury evolution. "Selecting BitGo as our custodian is a critical pillar in our Bitcoin treasury strategy," said Norma Chu, co-founder, chairwoman, and CEO of DDC. "Security and institutional governance are non-negotiable as we scale our holdings, and BitGo's infrastructure delivers the gold standard in digital asset protection aligned with our long-term objectives." "BitGo is proud to serve as the trusted custodian for DDC in this next phase of Bitcoin treasury expansion," said Mike Belshe, CEO of BitGo. "DDC's commitment to institutional-grade security and long-term conviction in Bitcoin aligns with BitGo's mission. We're excited to support DDC's vision of becoming a global leader in Bitcoin treasury management." Strategic Advantage This development creates a powerful operational advantage: Secure custody at scale--- BitGo provides institutional-grade security for safeguarding DDC's growing Bitcoin reserves through its qualified, insured custody platform As digital assets reshape corporate finance, DDC's partnership with BitGo reflects a bold, secure approach to treasury management, anchored by best-in-class infrastructure and institutional trust. About BitGo BitGo is the leading infrastructure provider of digital asset solutions, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, we have focused on enabling our clients to securely navigate the digital asset space. With a large global presence through multiple regulated entities, BitGo serves thousands of institutions, including many of the industry's top brands, exchanges, and platforms, as well as millions of retail investors worldwide. As the operational backbone of the digital economy, BitGo handles a significant portion of Bitcoin network transactions and is the largest independent digital asset custodian, and staking provider, in the world. For more information, visit About DDC Enterprise Limited (NYSE: DDC) DDC Enterprise Limited (NYSE: DDC) is spearheading the corporate Bitcoin treasury revolution while maintaining its foundation as a leading global Asian food platform. The company has strategically positioned Bitcoin as a core reserve asset, executing an aggressive accumulation strategy. While continuing to grow its portfolio of culinary brands -- including DayDayCook, Nona Lim, and Yai's Thai -- DDC is now at the vanguard of public companies integrating Bitcoin into their financial architecture.
Business Wire
29-05-2025
- Business
- Business Wire
DDC Enterprise Expands Bitcoin Treasury with Acquisition of 79 BTC and Announces Partnership with Hex Trust for Secure Custody and Trading Execution Services
NEW YORK--(BUSINESS WIRE)-- DDC Enterprise Limited (NYSE: DDC) today announced the acquisition of 79 Bitcoin (BTC) as part of its ongoing Bitcoin accumulation strategy. This strategic purchase reinforces DDC's commitment to leveraging Bitcoin's scarcity-driven value proposition as a core component of its treasury reserve portfolio. DDC issued 580,187 class A ordinary shares in exchange for the new BTC purchase. BTC per 1,000 DDC shares increased from 0.006122 to 0.024963, up 400%. In tandem with this acquisition, DDC has entered into a partnership with Hex Trust, a globally recognized digital asset financial institution specializing in institutional-grade custody, staking, and markets services. As one of the key custodians within DDC's newly established dynamic custodian network, Hex Trust will provide institutional-grade custody and trading execution services , designed to ensure the security and scalability of the Company's rapidly growing Bitcoin holdings. Strategic Expansion and Scarcity Alignment The purchase of 79 BTC underscores DDC's conviction in Bitcoin's role as a scarce digital asset, capped at 21 million coins, and its potential to act as a long-term hedge against inflationary pressures. This purchase follows DDC's initial 21 BTC purchase on 23 May 2025, further solidifying the Company's position as a corporate adopter of Bitcoin's value proposition. Total BTC holding is 100. 'Bitcoin's immutable scarcity and decentralized architecture align perfectly with our vision for a resilient treasury strategy,' said Norma Chu, Founder, Chairwoman, and CEO of DDC. 'Our partnership with Hex Trust ensures that our growing Bitcoin portfolio is safeguarded with institutional-grade security, enabling us to scale confidently as we continue to execute on our digital asset strategy.' 'As institutions reimagine their treasury strategies, Bitcoin is increasingly being recognized as a long-term reserve asset,' said Alessio Quaglini, CEO & Co-founder, Hex Trust. 'Hex Trust provides the trusted infrastructure to enable this shift—providing secure custody, compliant trading execution under a fully regulated framework. We're proud to support DDC's forward-looking Bitcoin Reserve Strategy and to deliver secure, institutional-grade access to Bitcoin.' About Hex Trust Established in 2018, Hex Trust offers regulated institutional digital asset custody, staking, and markets services to builders, investors, and service providers. Get access to our comprehensive, secure, and regulated suite of services built on our proprietary and fully integrated infrastructure. For more information, visit or follow Hex Trust on LinkedIn, X, and Telegram.
Associated Press
29-05-2025
- Business
- Associated Press
DDC Enterprise Expands Bitcoin Treasury with Acquisition of 79 BTC and Announces Partnership with Hex Trust for Secure Custody and Trading Execution Services
NEW YORK--(BUSINESS WIRE)--May 29, 2025-- DDC Enterprise Limited (NYSE: DDC) today announced the acquisition of 79 Bitcoin (BTC) as part of its ongoing Bitcoin accumulation strategy. This strategic purchase reinforces DDC's commitment to leveraging Bitcoin's scarcity-driven value proposition as a core component of its treasury reserve portfolio. DDC issued 580,187 class A ordinary shares in exchange for the new BTC purchase. BTC per 1,000 DDC shares increased from 0.006122 to 0.024963, up 400%. In tandem with this acquisition, DDC has entered into a partnership with Hex Trust, a globally recognized digital asset financial institution specializing in institutional-grade custody, staking, and markets services. As one of the key custodians within DDC's newly established dynamic custodian network, Hex Trust will provide institutional-grade custody and trading execution services , designed to ensure the security and scalability of the Company's rapidly growing Bitcoin holdings. Strategic Expansion and Scarcity Alignment The purchase of 79 BTC underscores DDC's conviction in Bitcoin's role as a scarce digital asset, capped at 21 million coins, and its potential to act as a long-term hedge against inflationary pressures. This purchase follows DDC's initial 21 BTC purchase on 23 May 2025, further solidifying the Company's position as a corporate adopter of Bitcoin's value proposition. Total BTC holding is 100. 'Bitcoin's immutable scarcity and decentralized architecture align perfectly with our vision for a resilient treasury strategy,' said Norma Chu, Founder, Chairwoman, and CEO of DDC. 'Our partnership with Hex Trust ensures that our growing Bitcoin portfolio is safeguarded with institutional-grade security, enabling us to scale confidently as we continue to execute on our digital asset strategy.' 'As institutions reimagine their treasury strategies, Bitcoin is increasingly being recognized as a long-term reserve asset,' said Alessio Quaglini, CEO & Co-founder, Hex Trust. 'Hex Trust provides the trusted infrastructure to enable this shift—providing secure custody, compliant trading execution under a fully regulated framework. We're proud to support DDC's forward-looking Bitcoin Reserve Strategy and to deliver secure, institutional-grade access to Bitcoin.' About Hex Trust Established in 2018, Hex Trust offers regulated institutional digital asset custody, staking, and markets services to builders, investors, and service providers. Get access to our comprehensive, secure, and regulated suite of services built on our proprietary and fully integrated infrastructure. For more information, visit or follow Hex Trust on LinkedIn, X, and Telegram. View source version on [email protected] KEYWORD: NEW YORK UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: PROFESSIONAL SERVICES RETAIL TECHNOLOGY SUPERMARKET ASSET MANAGEMENT FOOD/BEVERAGE DIGITAL CASH MANAGEMENT/DIGITAL ASSETS SOURCE: DDC Enterprise Limited Copyright Business Wire 2025. PUB: 05/29/2025 09:05 AM/DISC: 05/29/2025 09:03 AM
Yahoo
24-05-2025
- Business
- Yahoo
A Small Food Firm Buys 21 bitcoin, Jumping on BTC Treasury Trend, Shares Fall Anyways
DDC Enterprise (DDC), an Asian food company, has announced the acquisition of 21 BTC as part of a long-term plan to incorporate the cryptocurrency into its corporate treasury. The company, led by founder and CEO Norma Chu, exchanged 254,333 class A ordinary shares for BTC, in a transaction valued at roughly $2.28 million, according to a press release. The move positions DDC among a growing cohort of public companies using BTC as a treasury asset. Two more purchases totaling 79 BTC are expected in the coming days, bringing the company's initial holdings to 100 BTC. In a shareholder letter issued last week, Chu outlined plans to accumulate up to 500 BTC within six months and aim for 5,000 BTC in three years. While companies adopting bitcoin as a strategic treasury asset often see major price rises, DDC saw the opposite. The company's shares dropped more than 12% on Friday's trading session, while the S&P 500 dropped 0.6% and the tech-heavy Nasdaq fell 1%. DigiAsia (FAAS), for example, saw its share prices surge more than 90% in a single trading session after announcing a $100 million BTC treasury plan earlier this month.
