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

On November 05, according to Bitcoin Treasuries, bitcoin treasury company DDC Enterprise (DDC) announced its initial public offering of preferred stock SAVOR (SVOR), with an initial offering price of $20 per share, an annual dividend rate of 13.5%, and dividends paid daily. The IPO is expected to raise $24 million, which will be used to repay convertible notes, fund the dividend reserve account, and increase Bitcoin holdings.