ECD Automotive Design secures $500M equity facility to fund bitcoin treasury

ECD Automotive Design (ECDA) announced the signing of a $500M equity facility with ECDA Bitcoin Treasury LLC. The proceeds of this strategic financing will enable ECD to pursue an innovative Bitcoin treasury strategy, positioning the company towards a next-generation store of value asset, and/or to fund growth and general corporate purposes. These initiatives align with ECD’s plan to engage the Bitcoin and broader digital asset communities. “We are excited to secure this significant financing option, which strengthens our financial foundation and enables us to diversify our treasury strategy with Bitcoin,” said Ben Piggott, CFO of ECD Automotive Design. “Having already put the framework in place to accept crypto as a form of payment for our vehicles through our relationship with BitPay, this new initiative reflects our continued confidence in the long-term potential of digital assets and our commitment to creating value for our shareholders and customers while maintaining our focus on crafting exceptional, one-of-one vehicles.”