The listed company Davis Commodities plans to establish a Bitcoin strategic reserve

ChainCatcher news, the publicly listed company Davis Commodities plans to establish a strategic reserve of Bitcoin, having announced the successful approval of $30 million in financing, of which 15% of the total financing amount, or $4.5 million, will be used to purchase Bitcoin.

Davis Commodities is an agricultural trading company headquartered in Singapore, primarily engaged in the trade of agricultural products such as sugar, rice, and fats, and distributing these products to multiple markets including Asia, Africa, and the Middle East. The company also provides supporting services related to agricultural products, such as warehousing, processing, storage, and logistics.