Listed company Davis Commodities plans to spend $4.5 million to purchase Bitcoin

Odaily Planet Daily News: Listed company Davis Commodities plans to establish a Bitcoin strategic reserve and has announced 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 a Singapore based agricultural trading company primarily engaged in the trade of agricultural products such as sugar, rice, and fats, and distributes these products to multiple markets including Asia, Africa, and the Middle East.