ECD Automotive Design, Inc. (NASDAQ: ECDA), the largest Land Rover and Jaguar Restoration in the world Declare Today, a $ 500 million stock facility is signed for bitcoin accumulation as preliminary reserves and companies growth and expansion initiatives.
This ECD strategic financing will allow the construction of a Bitcoin wardrobe as its presence in the economy of digital assets. The company aims to place itself at the intersection of the customization of luxury cars and bitcoin wealth, targeting an increasing demographic group of high -value individuals in the area of digital assets.
As part of this initiative, the ECD launches a customer incentive: the first twenty -one customers who buy a dedicated vehicle using Bitcoin will get a $ 21,000 upgrade credit to be applied to their structure. The promotion of gravity is designed directly to encryption investors who are looking for ways to diversify into assets in the real world of fundamental value and canable.
“We are excited to secure this important financing option, which enhances our financial institution and enables us to diversify our cabinet strategy with Bitcoin,” said ECD Ben Piggott. “After setting the frame for accepting Crypto as a form of payment for our cars through our relationship with Bitpay, this new initiative reflects our continuous confidence in the capabilities of digital assets in the long term and our commitment to creating value for the shareholders and customers while maintaining our focus on formulating one exceptional vehicles.”
ECD step depends on its last integration with Bitpay, which enabled the company to accept Bitcoin and other coded currency payments for luxury construction, including detailed defenders, Range Rovers, Jaguar E-Types, Ford Mustangs, and Toyota FJS. With the new financing facility, the ECD can issue and sell up to $ 500 million of newly issued shares at its discretion, while directing revenues towards bitcoin accumulation, company growth, and public companies.
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