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The Thai publicly listed company DV8 raised $7.4 million, positioning itself as a trailblazer in the Southeast Asian crypto treasury.
BlockBeats News, July 17th, reportedly, DV8 Public Company Limited has successfully completed its first round of financing, raising a total of 2.41 billion Thai Baht (approximately $7.4 million), marking a key step in its strategic transformation into the "first Cryptocurrency Treasury Company in Southeast Asia." The subscription rate for this financing round was as high as 99.9%, demonstrating existing shareholders' high confidence in DV8's long-term Bitcoin-native treasury strategy. The financing highlights are as follows:
· Total Financing Amount: 2.41 Billion Thai Baht (approximately $7.4 million)
· Subscription Rate: 99.9%
· Cash Treasury Growth: +38%
· Cash Earnings per Share Growth: +13%
This financing has laid a solid foundation for DV8 to advance its "Crypto-Native Value Creation Model," with a trajectory similar to MicroStrategy's: continuously raising capital to convert funds into cryptocurrency treasury assets, thereby enhancing "per-share crypto value" to support long-term shareholder returns.
This milestone event coincides with the strategic entry of Japanese publicly listed company Metaplanet into DV8. Metaplanet has achieved global attention and success after fully transforming into a Bitcoin treasury company, currently rising to become the world's fifth-largest Bitcoin-holding company, with its stock price skyrocketing over 110 times in the past one to two years.
BlockBeats previously reported that the Thai publicly listed company DV8 is planning to reshape itself as a Bitcoin financial company, focusing on DeFi and next-generation digital infrastructure. It is led by the newly appointed Chairman, Chatchaval Jiaravanon, former acquirer of Fortune magazine and a member of the Charoen Pokphand Group family, guiding a board of directors intertwined with traditional finance and Web3 architecture.
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