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- 📢 Gate Square #Creator Campaign Phase 2# is officially live!
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Chinese Company Accelerates Bitcoin Purchases (BTC)! A New Purchase of 530 Million Dollars Will Be Made!
In recent months, institutional interest in Bitcoin has been increasing steadily, with many companies either purchasing Bitcoin for the first time or increasing their purchases.
At this point, Chinese company DDC Enterprise plans to accelerate Bitcoin purchases.
DDC Enterprise, which started buying Bitcoin for the first time in May, announced that it will receive a total investment of 528 million dollars through three different ways to increase its BTC purchases.
The official statement indicated that a large portion of the 528 million dollar fund would be used to purchase Bitcoin.
Almost all of the capital increase will be allocated to expanding the Company's Bitcoin treasury.
The funding allocated for the largest single-purpose Bitcoin purchase made by any company listed on the NYSE is expected to accelerate DDC's mission to establish one of the most valuable institutional Bitcoin assets.
DDC Enterprise Founder and CEO Norma Chu, said the following:
The Chinese company announced in May that it plans to purchase 5,000 Bitcoin (BTC) as part of its strategic growth plans aimed at 2025. The company also stated that this step is taken in line with its goal of creating a "Strategic Bitcoin Reserve."
*It is not investment advice.
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