American luxury car repair company ECD has received $500 million in equity financing, which will be used to launch a Bitcoin treasury strategy

According to Investing.com, ECD Automotive Design (ECDA), the world's largest Land Rover and Jaguar retro modification company, announced that it has signed a $500 million equity financing agreement with ECDA Bitcoin Treasury LLC. The company plans to use the funds to advance its Bitcoin reserve strategy and support business growth and general enterprise use. ECD will also provide an upgrade package of $21000 per person to the first 21 customers who purchase cars with Bitcoin in the next 12 months.