Firms Raise Hundreds of Millions for Treasury Allocations to BTC and Hyperliquid Token
Four publicly listed companies in the United States announced plans on Tuesday to allocate a combined total of $844 million to cryptocurrency purchases, primarily Bitcoin (BTC) and Hyperliquid’s HYPE token. The capital raises mark a growing trend of public firms treating crypto assets as strategic treasury holdings.
The largest raise came from DDC Enterprise Ltd, which secured $528 million to expand its Bitcoin reserves. Meanwhile, Fold Holdings, BitMine Immersion Technologies, and Eyenovia Inc. also made major announcements related to crypto acquisitions.
DDC Enterprise Secures $528M to Build “World’s Most Valuable Bitcoin Treasury”
Hong Kong-based DDC Enterprise, a ready-to-eat meal company listed on Nasdaq, announced it had finalized three purchase agreements totaling $528 million. The company said it will allocate the entire amount toward Bitcoin accumulation.
The funds were raised through:
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A $300 million convertible note
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A $200 million credit facility
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A $26 million equity investment
Notably, Anson Funds, a Dallas-based investment firm, was the lead investor. Animoca Brands’ venture capital arm also participated in the raise.
DDC has already acquired its first 21 Bitcoin via a $2.28 million share-swap deal on May 23, exchanging nearly 255,000 shares for BTC. The company now aims to acquire up to 5,000 BTC over the next three years — a target within reach based on its newly raised capital and current Bitcoin prices.
“We are on a mission to build the world’s most valuable Bitcoin treasury,” DDC said in a statement.
Fold Secures $250 Million Equity Purchase Facility Intended to Expand Bitcoin Treasury Holdings pic.twitter.com/W64stgWJah
— FOLD BITCOIN (@fold_app) June 17, 2025
Fold Holdings Raises $250M for Bitcoin Accumulation
Fold Holdings Inc., the first U.S.-listed Bitcoin financial services company, announced it has secured a $250 million equity purchase facility to significantly expand its BTC treasury.
The deal allows Fold to issue and sell up to $250 million in new shares at its discretion, pending SEC approval for the resale of the shares via private placement exemptions.
At current Bitcoin prices (~$105,354), the funds could allow Fold to purchase approximately 2,390 BTC. Even allocating half that amount would significantly boost its existing treasury of 1,490 BTC.
“The proceeds are primarily intended to fund further Bitcoin purchases,” Fold confirmed.
BitMine Adds $16.3M in Bitcoin to Treasury
BitMine Immersion Technologies, a Bitcoin mining equipment rental firm, announced it had purchased $16.3 million worth of Bitcoin using proceeds from a recent stock offering.
The company has now accumulated 154.16 BTC, with an average purchase price of $106,033 per coin.
BitMine said this purchase aligns with its long-term strategy of building a Bitcoin treasury through a combination of self-mining operations and capital raises. The firm began acquiring BTC earlier this month, buying its first 100 BTC on June 9.
“We are committed to becoming one of the leading Bitcoin-holding public companies,” BitMine said.
Eyenovia to Buy $50M in HYPE, Rebrands to Hyperion DeFi
Nasdaq-listed biotech firm Eyenovia Inc. also joined the crypto movement, revealing it had raised $50 million via a private placement to build a long-term strategic treasury position in Hyperliquid’s HYPE token.
Hyperliquid is a decentralized derivatives exchange built on its own Layer 1 blockchain. The HYPE token powers:
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Staking
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Governance
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Airdrop rewards for active traders
Eyenovia plans to acquire over 1 million HYPE tokens (worth approximately $40.1 million) and stake them via Anchorage Digital, a regulated crypto platform for institutions.
The company will also rebrand to “Hyperion DeFi” and trade under the new ticker HYPD.
“We view Hyperliquid as one of the fastest-growing, highest-revenue blockchains globally,” said Hyunsu Jung, newly appointed chief investment officer and board member. Jung will lead the company’s crypto treasury strategy going forward.
Broader Trend: Crypto Treasury Strategies Go Mainstream
The combined $844 million in announced crypto investments from four public firms reflects a widening trend of companies using digital assets — especially Bitcoin — as reserve assets.
Firms are increasingly turning to crypto to:
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Hedge against fiat debasement
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Diversify corporate treasuries
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Align with Web3 market growth
While Bitcoin remains the most common target for public treasury strategies, tokens like HYPE signal that companies are also willing to invest in next-generation DeFi infrastructure, especially when backed by Layer 1 blockchain ecosystems.
Conclusion
With $844 million in combined crypto-related raises announced on a single day, Bitcoin and emerging assets like HYPE are seeing renewed institutional demand — not just from traditional funds, but increasingly from publicly traded operating companies.
As more firms look to emulate the success of Strategy (formerly MicroStrategy) and explore new blockchain ecosystems, the corporate crypto treasury model appears poised for continued growth — with both Bitcoin and DeFi tokens playing a central role in this next wave of adoption.
