Nasdaq-listed Davis Commodities (DTCK) recently announced that it had gotten approval for a $30 million fundraising plan. The company has a strategic plan to invest 15% or $4.5 million of the funds into Bitcoin in the first phase. Its portfolio will consist of spot ETFs, Bitcoin, and cold wallet storage. The initiative has the goal of enhancing asset allocation, improving operational flexibility, and strengthening counterparty confidence. According to its statement,
