US stock ECD rises nearly 80%, will establish Bitcoin reserves

According to BlockBeats, on June 23rd, the stock price of ECD, a US listed automotive design company, rose 79.43%, and its market value rose to $19.6518 million. Previously, ECD Automotive Design Company (NASDAQ: ECDA), the world's largest Land Rover and Jaguar repair company, announced 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.