INSUBCONTINENT EXCLUSIVE:
At least four publicly-traded US firms announced on Tuesday that they would bulk up their crypto investments by a total of $844 million,
adding to the number of corporations looking for a boost from Bitcoin and other cryptocurrencies.The largest raise on Tuesday was from the
Hong Kong-based heat-and-eat meal seller DDC Enterprise Ltd, which said that it entered into three purchase agreements totaling $528
convertible note, a $200 million credit facility and a $26 million equity investment
Dallas-based investment firm Anson Funds was the largest investor, while the venture capital arm of Animoca Brands also made a large
target it could reach with the $528 million secured, based on current prices.Bitcoin firm Fold raises $250 million for BTC buysFold Holdings
resale of the shares receiving approval from the Securities and Exchange Commission.If approved, the shares will be sold through a private
placement under exemptions from SEC registration rules
In a private placement, firms raise funds by selling securities to private investors instead of through a public market offering.At current
prices, $250 million could theoretically purchase 2,390 Bitcoin for Fold
$16 million Bitcoin buy after stock raiseMeanwhile, Bitcoin mining equipment rental firm BitMine Immersion Technologies said it purchased
$106,033.Source: BitMine Immersion TechnologiesBitMine said the buy aligns with its new strategy to increase its Bitcoin holdings through a
mix of self-mining and capital raises, reinforcing its commitment to accumulating as much Bitcoin as possible.BitMine already used some
funds from the June 6 offering to buy its first 100 Bitcoin on June 9.HYPE added as a treasury assetThe Nasdaq-listed biotech firm Eyenovia
also got in on the crypto buying action Tuesday, saying it inked a $50 million private placement to build a reserve for the Hyperliquid
built on its own layer 1 blockchain
It is powered by the HYPE token, which is involved in staking, rewarding active traders with airdrops, and governance activities.Related:
