DDC Enterprise Announces $100 Million Bitcoin Strategic Partnership with Animoca Brands

07-12

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According to ChainCatcher, DDC Enterprise announced that it has signed a non-binding memorandum of understanding with Animoca Brands to develop and implement a strategy that maximizes the Bitcoin assets of Web3 leaders while managing related risks.

Animoca Brands will entrust up to $100 million in Bitcoin to DDC for conducting yield-enhancing strategies. Additionally, Yat Siu, co-founder of Animoca Brands, will join the Bitcoin Vision Committee established by DDC. DDC announced a financing agreement of $528 million last month.

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