Bitcoin and HYPE could get $844M total windfall from 4 public US firms

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At slightest 4 publicly-traded US firms announced connected Tuesday that they would bulk up their crypto investments by a full of $844 million, adding to the fig of corporations looking for a boost from Bitcoin and different cryptocurrencies.

The largest rise connected Tuesday was from the Hong Kong-based heat-and-eat repast seller DDC Enterprise Ltd, which said that it entered into 3 acquisition agreements totaling $528 million, each of which volition beryllium utilized to grow the firm’s Bitcoin (BTC) holdings.

The rise came astir wholly from a $300 cardinal convertible note, a $200 cardinal recognition installation and a $26 cardinal equity investment. Dallas-based concern steadfast Anson Funds was the largest investor, portion the task superior limb of Animoca Brands besides made a ample contribution.

DDC acceptable retired connected a ngo to person the “world’s astir invaluable Bitcoin treasury” and purchased its first batch of 21 Bitcoin connected May 23 successful speech for astir 255,000 shares successful a $2.28 cardinal deal.

DDC said it plans to bargain 5,000 Bitcoin implicit the adjacent 3 years — a people it could scope with the $528 cardinal secured, based connected existent prices.

Bitcoin steadfast Fold raises $250 cardinal for BTC buys

Fold Holdings Inc, the archetypal publically traded Bitcoin fiscal services firm, said connected Tuesday that it secured a $250 cardinal equity acquisition facility, with the nett proceeds “primarily intended” to money further Bitcoin purchases.

The statement allows Fold to contented and merchantability up to $250 cardinal successful recently issued shares to money the Bitcoin buys astatine its discretion — taxable to a registration connection for the resale of the shares receiving support from the Securities and Exchange Commission.

If approved, the shares volition beryllium sold done a backstage placement nether exemptions from SEC registration rules. In a backstage placement, firms rise funds by selling securities to backstage investors alternatively of done a nationalist marketplace offering.

At existent prices, $250 cardinal could theoretically acquisition 2,390 Bitcoin for Fold. Allocating adjacent fractional of that magnitude to Bitcoin acquisitions would substantially boost Fold’s existent treasury of 1,490 Bitcoin.

BitMine caps $16 cardinal Bitcoin bargain aft banal raise

Meanwhile, Bitcoin mining instrumentality rental steadfast BitMine Immersion Technologies said it purchased $16.3 cardinal Bitcoin utilizing proceeds from a caller banal offering.

The steadfast present owns 154.16 Bitcoin, bought astatine an mean acquisition terms of $106,033.

BitMine said the bargain aligns with its caller strategy to summation its Bitcoin holdings done a premix of self-mining and superior raises, reinforcing its committedness to accumulating arsenic overmuch Bitcoin arsenic possible.

BitMine already utilized immoderate funds from the June 6 offering to bargain its archetypal 100 Bitcoin connected June 9.

HYPE added arsenic a treasury asset

The Nasdaq-listed biotech steadfast Eyenovia besides got successful connected the crypto buying enactment Tuesday, saying it inked a $50 cardinal backstage placement to physique a reserve for the Hyperliquid (HYPE) token, and billing itself arsenic “the archetypal U.S. publically listed institution gathering a semipermanent strategical treasury” for the asset.

Hyperliquid is simply a decentralized crypto derivatives exchange built connected its ain furniture 1 blockchain. It is powered by the HYPE token, which is progressive successful staking, rewarding progressive traders with airdrops, and governance activities.

Eyenovia said it would get implicit 1 cardinal HYPE — worthy $40.1 cardinal astatine existent prices — and involvement the tokens connected Anchorage Digital’s crypto platform.

The firm, which chiefly develops integer oculus exam tech, volition besides rebrand to “Hyperion DeFi” nether the ticker HYPD.

Eyenovia besides named Hyunsu Jung arsenic main concern serviceman and committee subordinate to spearhead the company’s crypto strategy.

“We presumption Hyperliquid arsenic 1 of the fastest growing, highest-revenue generating blockchains successful the world,” Jung said.

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