PANews reported on June 23 that according to Investing.com , ECD Automotive Design ( ECDA ), the world's largest Land Rover and Jaguar retro modification company, announced that it has signed an equity financing agreement of up to US$ 500 million with ECDA Bitcoin Treasury LLC . The company plans to use the funds to advance its Bitcoin reserve strategy and support business growth and general corporate purposes. ECD will also provide an upgrade package of US$ 21,000 per person to the first 21 customers who purchase cars with Bitcoin in the next 12 months.
US luxury car restorer ECD receives $500 million in equity financing to launch Bitcoin treasury strategy
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