Golden opportunity for Bitcoin & HYPE: $844 million from 4 public companies in America

On Tuesday, at least four publicly listed companies in America announced they would boost investments totaling 844 million dollars in crypto, adding to the list of corporations seeking a push from Bitcoin and other cryptocurrencies.

The largest capital increase on Tuesday came from DDC Enterprise Ltd, a Hong Kong-based instant food company. The company stated that it has signed three purchase agreements totaling 528 million dollars, all of which will be used to expand its Bitcoin holdings.

This capital comes almost entirely from a $300 million convertible bond, a $200 million credit line, and a $26 million equity investment. Anson Funds, based in Dallas, is the largest investor, while the venture capital arm of Animoca Brands also contributes a significant portion.

DDC sets out the mission to own the "most valuable Bitcoin treasury in the world" and purchased the first batch of 21 Bitcoin on May 23 in exchange for nearly 255,000 shares in a deal worth 2.28 million dollars.

DDC announced that they plan to buy 5,000 Bitcoin in the next three years – a goal they can achieve with the 528 million USD they have raised, based on the current price.

Bitcoin Fold raises 250 million dollars to buy Bitcoin

Fold Holdings Inc, the first publicly traded Bitcoin financial services company, announced on Tuesday that it has reached an agreement with a $250 million equity buyback facility, with the net proceeds "primarily intended" to fund additional Bitcoin purchases.

This agreement allows Fold to issue and sell up to 250 million dollars of newly issued shares to fund the purchase of Bitcoin at their discretion — subject to the resale registration statement being approved by the American Securities and Exchange Commission (SEC).

If approved, the shares will be sold through a private placement under exemptions from SEC registration regulations. In a private placement, companies raise capital by selling securities to private investors instead of through a public offering.

At the current price, 250 million dollars could theoretically buy 2,390 Bitcoin for Fold. Allocating even half of that amount to purchasing Bitcoin would significantly increase Fold's current treasury of 1,490 Bitcoin.

BitMine completes purchase of 16 million dollars Bitcoin after securities issuance

Meanwhile, BitMine Immersion Technologies, a company that rents Bitcoin mining equipment, revealed that they purchased $16.3 million worth of Bitcoin using the funds raised from a recent securities offering.

Currently, the company owns 154.16 Bitcoin, purchased at an average price of 106,033 dollars per Bitcoin.

According to BitMine, this acquisition aligns with their new strategy to increase Bitcoin holdings through a combination of self-mining and fundraising, reinforcing their commitment to accumulate as much Bitcoin as possible.

BitMine used part of the funds from the offering on June 6 to purchase its first 100 Bitcoin on June 9.

HYPE has been added as a treasury asset

The biotechnology company Eyenovia listed on Nasdaq also participated in cryptocurrency purchases on Tuesday. The company stated that it has signed a $50 million private placement agreement to build a reserve fund for the Hyperliquid token (HYPE), self-described as "the first publicly listed company in America to build a long-term strategic treasury" for this asset.

Hyperliquid is a decentralized derivatives exchange built on its own layer 1 blockchain. The platform operates on the HYPE token, which is used for staking, rewarding active traders through airdrops, and facilitating governance activities.

Eyenovia announced that they will purchase over 1 million HYPE — worth 40.1 million dollars at current prices — and stake these tokens on the cryptocurrency platform of Anchorage Digital.

Originally focused on developing digital eye examination technology, the company will be renamed "Hyperion DeFi" with the trading code HYPD.

Eyenovia has also appointed Hyunsu Jung as the investment director and board member to lead the company's crypto strategy.

Jung's opinion:

"We see Hyperliquid as one of the fastest growing blockchains and generating the highest revenue in the world."

Minh Anh