DDC Enterprise, a Bitcoin treasury company, launches its first preferred stock, SAVOR, and plans to raise $24 million to increase BTC holdings

TechFlow news: On November 5, according to disclosures from Bitcoin Treasuries, Bitcoin treasury company DDC Enterprise (DDC) announced its initial public offering of preferred stock SAVOR (SVOR). The initial offering price is $20 per share, with an annual dividend yield of 13.5% and dividends paid daily. The IPO is expected to raise $24 million, and the proceeds will be used to repay convertible notes, fund the dividend reserve account, and increase BTC holdings.

Source: TechFlow