A $528 million Bitcoin move came from the giant company listed on the New York Stock Exchange!

DDC Enterprise, the company behind the Asia-based brands DayDayCook, Nona Lim, and Yai’s Thai, which trades under the “DDC” code on the (NYSE) at the New York Stock Exchange, has secured a capital commitment of up to 528 million dollars with the aim of expanding its corporate Bitcoin (BTC) reserves.

According to the company’s statement on Tuesday, this funding was secured through a $26 million private equity investment with “pioneering” digital asset investors (PIPE), a $25 million convertible bond issuance, a $2 million private placement, and a $200 million equity credit line signed with Anson Funds. Additionally, DDC also holds the option to raise up to $275 million in additional capital through convertible bonds.

DDC stated that it plans to purchase Bitcoin with these funds, and the transactions will be conducted under the supervision of New York-based investment bank Maxim Group LLC.

The founder, chairman of the board, and CEO of the company, Norma Chu, made the following statements in her remarks about the development:

“This maximum capital commitment of 528 million dollars is a milestone for DDC. With leading institutions like Anson Funds, Animoca Brands, and Kenetic Capital supporting our vision, we have a unique capacity to realize our mission of building one of the world’s most valuable institutional Bitcoin treasuries and becoming one of the largest Bitcoin holders globally.”

DDC announced its Bitcoin reserve strategy for the first time in May, at that time selling 254,333 Class A shares to purchase 21 BTC worth approximately 2.3 million dollars. In mid-June, the company announced a funding target of 528 million dollars to expand this strategy.