The US stock ECD has risen nearly 80% and will establish a Bitcoin reserve.

On June 23, shares of ECD, a U.S. publicly listed automotive design company, rose by 79.43%, bringing its market capitalization to $19.6518 million. Previously, ECD (NASDAQ: ECDA), the world’s largest repair company for Land Rover and Jaguar, announced that it had signed a $500 million equity financing protocol (hereinafter referred to as “the financing”) with ECDA Bitcoin Reserve LLC. The proceeds from this strategic financing will enable ECD to implement an innovative Bitcoin reserve strategy, positioning the company as a next-generation store of value asset and/or to support growth and general corporate purposes.

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