DDC Enterprise Secures Major Funding for Bitcoin Push Amid Treasury Debate
DDC Enterprise, a Bitcoin-focused investment firm, has secured significant funding amidst ongoing debates over Bitcoin price in USD treasury accounting standards. The company aims to grow its Bitcoin holdings to 10,000 BTC by 2025, a goal supported by a recent funding round led by PAG Pegasus and Mulana Investment Management.
DDC's expansion comes at a time when Bitcoin price is facing increased scrutiny. As these investments mature, regulators and established players are questioning accounting practices, with NYDIG criticising DDC's use of the 'mNAV' metric. Meanwhile, Amsterdam-based Amdax has raised $35 million to launch a European Bitcoin price treasury targeting 1% of the total supply.
Currently, DDC holds 1,058 Bitcoin, placing it below industry leaders like Strategy, Marathon Holdings, and Metaplanet. However, DDC aims for a long-term position, having raised $124 million at a 16% premium in its financing round completed on October 8, 2021. This indicates strong investor confidence in DDC's Bitcoin price strategy.
DDC Enterprise continues to grow its Bitcoin holdings, with a clear goal of acquiring 10,000 BTC by the end of 2025. Despite debates over accounting standards, the company has secured significant funding, demonstrating the ongoing interest and confidence in Bitcoin price as a long-term investment.
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