Publicly Listed Company Davis Commodities Plans to Establish Bitcoin Strategic Reserve

Publicly listed company Davis Commodities plans to establish a Bitcoin strategic reserve, having announced the successful approval of $30 million in financing, of which 15% of the total, or $4.5 million, will be used to purchase Bitcoin.

Davis Commodities, headquartered in Singapore, is an agricultural trading company primarily engaged in the trade of agricultural products such as sugar, rice, and oils, distributing these products to multiple markets including Asia, Africa, and the Middle East. The company also provides ancillary services related to agricultural products, such as warehousing, storage, and logistics.