Singapore-based Davis Commodities Limited said it has launched a US$30 million strategy that will blend Bitcoin reserves with the tokenization of real-world agricultural assets. The Nasdaq-listed trader plans to devote 40 percent of the outlay—about US$12 million—to holding Bitcoin as an inflation hedge, while allocating half of the funds to creating blockchain-based tokens backed by commodities such as sugar and rice. Management is aiming for the initiative to help lift annual revenue to roughly US$50 million. In a separate move, Paris-listed The Blockchain Group raised €7.2 million (about US$8.2 million) through an at-the-market share sale priced at an average €4.49 per share. The company, which has modeled its treasury policy on MicroStrategy’s, said proceeds will be used to enlarge its Bitcoin holdings, further positioning its stock as a leveraged play on the cryptocurrency. The announcements come as corporate adoption of Bitcoin accelerates. According to data cited by NYDIG, the number of publicly traded companies holding the token on their balance sheets has risen 135 percent since the start of the year to more than 110 firms, collectively controlling nearly 800,000 Bitcoin.