DDC Enterprise and Animoca Brands sign US$100 million Bitcoin strategic cooperation memorandum of understanding
DDC Enterprise Limited (NYSE: DDC) today announced that it has signed a non-binding memorandum of understanding (MoU) with Animoca Brands to jointly develop and implement strategies to maximize the Web3 company's Bitcoin asset returns while managing associated risks, the Internet reported. The memorandum of understanding establishes a strategic partnership in which Animoca Brands will allocate up to $100 million in bitcoin for revenue enhancement strategies operated by DDC.
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