The Hong Kong-listed firm is raising HK$653.3 million through a share placement at HK$2.95 per share, diluting 13.6% of shares and triggering an 8.4% stock drop to fuel diverse blockchain and crypto projects.
DL Holdings announced a HK$653.3 million ($83.2 million) capital raise to drive blockchain and crypto ventures. The company will issue new shares at HK$2.95 each, diluting 13.6% of its capital and causing an 8.4% drop in share price. Funds will support tokenization, bitcoin mining, stablecoin development, and crypto trading licenses, amid a broader rebound in venture capital investments in the crypto sector.