The publicly traded company Davis Commodities will purchase $12 million worth of BTC

ChainCatcher news, according to Globenewswire, Singapore-based agricultural trader Davis Commodities Limited (Nasdaq: DTCK) announced that 40% ($12 million) of its $30 million financing will be allocated in phases as Bitcoin reserves, with an initial investment of $4.5 million.

Additionally, the company will use 50% of the financing ($15 million) for the tokenization of physical agricultural assets (RWA), involving commodities such as sugar and rice; the company expects this 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 development.