Several publicly traded companies are significantly increasing their exposure to cryptocurrencies by allocating a combined total of $844 million to digital-asset treasuries, with a primary focus on Bitcoin (BTC) and the HYPE token from Hyperliquid.
Hong Kong-based DDC Enterprise announced three securities purchase agreements that could raise up to $528 million in gross proceeds. Nearly all proceeds are designated to expand DDC's Bitcoin treasury. The financing includes a $26 million PIPE equity investment involving notable institutional investors such as Animoca Brands, Kenetic Capital, and QCP Capital. DDC plans to issue up to 2,435,169 new shares and has secured a $200 million equity line of credit with Anson Funds to flexibly acquire Bitcoin over time. The company aims to accumulate 5,000 BTC within three years, emphasizing its ambition to build a significant corporate Bitcoin reserve.
Fold Holdings, an Arizona-based publicly traded bitcoin financial services company, secured a $250 million equity purchase facility allowing it to issue and sell common stock under SEC-approved conditions. This funding primarily intends to grow Fold's Bitcoin treasury, which currently holds approximately 1,490 BTC, potentially more than doubling this reserve.
BitMine Immersion Technologies, based in Nevada, completed Bitcoin purchases totaling $16.34 million from proceeds raised through a recent stock offering. The acquisition added 154.167 BTC at an average price of $106,033 per coin, aligning with the CEO’s strategy to balance self-mining and treasury accumulation.
Eyenovia, Nasdaq-listed biotech firm, took a different approach by launching a $50 million private placement to establish a cryptocurrency treasury strategy focused on the HYPE token. The funding aims to acquire over one million HYPE tokens and represents the first instance of a U.S.-listed company holding HYPE in its treasury. The company will rebrand as Hyperion DeFi (ticker HYPD) and appointed Hyunsu Jung as Chief Investment Officer to lead its crypto strategy, reflecting a broader institutional interest in altcoins beyond Bitcoin.
These developments highlight a growing corporate appetite for on-balance-sheet digital assets as stores of value, hedging instruments, and innovation alignment tools. The use of equity facilities, convertible notes, and private placements indicates firms are expanding their crypto exposure through varied financial mechanisms rather than relying solely on cash reserves. This trend signals increasing institutional adoption and legitimization of both Bitcoin and select altcoins in corporate finance strategies.