Listed company Davis Commodities plans to establish a Bitcoin strategic reserve

BlockBeats News: On June 6th, listed company Davis Commodities plans to establish a Bitcoin strategic reserve and has announced successful approval of $30 million in financing, of which 15% of the total financing amount, or $4.5 million, will be used to purchase Bitcoin. Davis Commodities is a Singapore based agricultural trading company primarily engaged in the trade of agricultural products such as sugar, rice, and fats, and distributes these products to multiple markets including Asia, Africa, and the Middle East The company also provides supporting services such as warehousing, processing, storage, and logistics related to agricultural products.