PANews reported on June 16 that according to Globenewswire, Davis Commodities Limited (Nasdaq: DTCK), a Singapore-based agricultural product trader, announced that it would allocate 40% of the $30 million inPANews reported on June 16 that according to Globenewswire, Davis Commodities Limited (Nasdaq: DTCK), a Singapore-based agricultural product trader, announced that it would allocate 40% of the $30 million in
Publicly traded company Davis Commodities to buy $12 million worth of Bitcoin
PANews reported on June 16 that according to Globenewswire, Davis Commodities Limited (Nasdaq: DTCK), a Singapore-based agricultural product trader, announced that it would allocate 40% of the $30 million in financing ($12 million) to Bitcoin reserves in stages, with an initial investment of $4.5 million. In addition, the company will use 50% of the financing ($15 million) for the tokenization of agricultural physical assets (RWA), involving commodities such as sugar and rice; the company expects the business to generate $50 million in annual revenue within two years. The remaining 10% of the funds will be used for digital infrastructure and security system construction.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Plasma announces airdrop for verified sale participants and early contributors
The post Plasma announces airdrop for verified sale participants and early contributors appeared on BitcoinEthereumNews.com. Key Takeaways Plasma is conducting an airdrop for early token sale contributors. The airdrop rewards smaller depositors who completed Sonar verification during Plasma’s fundraising phase. Plasma today announced a token distribution for contributors to its public sale, with eligibility verified through Sonar. The airdrop targets smaller depositors who participated in Plasma’s fundraising round and completed Sonar verification, rewarding early backers with XPL tokens as the network moves toward broader availability. Plasma’s deposit campaign drew more than $1 billion in stablecoin commitments in just over 30 minutes, granting participants the right to join the public sale. The public sale, conducted on Echo, attracted $373 million in commitments, seven times its $50 million cap. Source: https://cryptobriefing.com/sonar-airdrop-ai-reputation-web3/
Share
BitcoinEthereumNews2025/09/19 03:46
Why Bitcoin Price Reversed From $90,000 Again
The post Why Bitcoin Price Reversed From $90,000 Again appeared on BitcoinEthereumNews.com. The Bitcoin price faces the risk of a potential drop to $80,0000 as
Share
BitcoinEthereumNews2025/12/23 08:35
US Crypto Regulation May Advance with Selig Confirmation and Upcoming Market Structure Bill
The post US Crypto Regulation May Advance with Selig Confirmation and Upcoming Market Structure Bill appeared on BitcoinEthereumNews.com. US crypto regulation is
Share
BitcoinEthereumNews2025/12/23 08:19