ECD automotive design ensures $500 million in facilities to acquire Bitcoin

This strategic financing will enable the ECD to build a Bitcoin treasury while increasing its presence in the digital asset economy. The company aims to position itself at the intersection of luxury car customization and Bitcoin wealth to the growing number of high net worth individual population in the digital asset space.

As part of the program, ECD is launching customer incentives: The first 21 customers who use Bitcoin to buy custom vehicles will receive $21,000 in upgrade credit to suit their builds. The promotion aims to directly call on crypto investors to seek ways to diversify real-world assets with intrinsic and collectible value.

“We are excited to secure this important financing option that strengthens our financial base and enables us to diversify our Treasury strategy with Bitcoin,” said Ben Piggott, chief financial officer at ECD Automotive Design. “As the framework has been implemented, accepting encryption through relationships with Bitpay as a form of payment for our vehicles, this new plan reflects our ongoing confidence in the long-term potential of digital assets and our commitment to creating value for shareholders and customers while maintaining our focus on the outstanding, single one-car.”

ECD’s move is based on the latest integration with Bitpay, which enables the company to accept payments for Bitcoin and other cryptocurrencies, including customized defense lawyers, Range Rovers, Jaguar E-Types, Ford Mustangs and Toyota FJS. With the new financing facilities, ECD can issue and sell up to $500 million in newly issued shares at its sole discretion, with earnings targeting Bitcoin accumulation, corporate growth and general corporate purposes.