Nasdaq-listed company DevvStream plans to raise $300 million to establish a digital asset treasury on the chain
2025-07-22 03:53:27
Nasdaq-listed carbon management company DevvStream announced that it has signed a securities purchase agreement to raise $300 million through the issuance of senior collateralized convertible notes to establish an on-chain digital asset treasury. Cohen & Company Capital Markets acted as the placement agent. The company also announced the launch of a sustainability-related infrastructure tokenization platform. It is reported that the first $10 million financing transaction of this agreement has been completed. The company will use 75% of the net proceeds to purchase liquid digital assets to support its cryptocurrency reserves and real-world asset tokenization.
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