Listed automotive design company ECD receives $500 million equity financing to establish Bitcoin reserves

BlockBeats News: On June 23rd, ECD Automotive Design Company (NASDAQ: ECDA), the world's largest Land Rover and Jaguar repair company, announced that it has signed a $500 million equity financing agreement with ECDA Bitcoin Reserve LLC (hereinafter referred to as the "Financing"). The proceeds from this strategic financing will enable ECD to implement innovative Bitcoin reserve strategies, positioning the company as the next generation of value storage assets and/or used to support growth and general enterprise purposes. These measures are consistent with ECD's plan to attract the Bitcoin and broader digital asset communities, which have created enormous wealth over the past decade and represent a priority customer base. The company plans to explore ways to help these clients diversify their digital assets into high-end real-world assets (RWAs), such as classic cars. In the next twelve months, ECD will provide a vehicle upgrade credit of $21000 to the first 21 customers who use Bitcoin to purchase new cars, at their discretion.