DDC Enterprise has successfully completed a $528 million financing plan, raising funds to expand its Bitcoin reserves.

BlockBeats News, July 1st, according to Businesswire, cross-border e-commerce company DDC Enterprise (NYSE: DDC) announced the completion of its previously announced $528 million financing plan. Investors include Anson Funds, Animoca Brands, Kenetic Capital, QCP Capital, among others, and the raised funds will be used to expand its Bitcoin reserves. The financing consists of three parts: a $26 million equity PIPE investment, $300 million in convertible senior notes, a $2 million equity private placement, and a $200 million equity line of credit.

BlockBeats previously reported that on June 12th, DDC Enterprise (NYSE: DDC) announced the purchase of an additional 38 bitcoins, increasing the company's total bitcoin holdings to 138 bitcoins.