Davis Commodities Allocates $12 Million to Bitcoin Reserves

According to PANews, Singapore-based agricultural trader Davis Commodities Limited (Nasdaq: DTCK) has announced plans to allocate 40% of its $30 million funding, amounting to $12 million, to Bitcoin reserves in phases. The initial investment will be $4.5 million. Additionally, the company intends to use 50% of the funding, or $15 million, for the tokenization of real-world assets (RWA) in agricultural commodities such as sugar and rice. This initiative is expected to generate $50 million in annual revenue within two years. The remaining 10% of the funds will be directed towards building digital infrastructure and enhancing security systems.