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ECD Automotive Design, a world leader in luxury Land Rover and Jaguar restoration, just announced a $500 million equity facility with ECDA Bitcoin Treasury LLC. The company aims to use these funds to buy Bitcoin for its treasury, or fuel its growth. ECD believes Bitcoin, and other digital assets, will be key to its future.
Customers who appreciate Bitcoin can now pay for bespoke builds, like Defenders and Range Rovers, using crypto. The company will also offer a $21,000 upgrade credit to the first twenty one new buyers who pay with Bitcoin in the next year. This new initiative matches ECD’s plan to draw wealthy crypto holders into its world of premium cars.
This facility empowers ECD to grow, by choosing when to sell new shares. ECD will file with the SEC before drawing on the money. The company hopes this bold strategy will attract investors, who believe in the long-term value of Bitcoin and luxury assets alike.
