Black Titan Corporation (NASDAQ:BTTC) shares surged 74.1% in premarket trading on Tuesday after the company said it has lined up a convertible note financing facility of up to $200 million from a U.S.-based institutional investor.
The company said the funding will support the rollout of its DAT+ strategy, which it first outlined in December 2024. The framework is designed to guide Black Titan’s digital asset initiatives, with an emphasis on utility, risk management, liquidity and operational readiness.
“This investment represents an important milestone for Black Titan,” said Czhang Lin, Co-Chief Executive Officer of Black Titan. “The DAT+ strategy is central to our mission of building a resilient, scalable, and data-driven digital asset infrastructure. Securing access to up to $200 million of committed capital provides us with the financial flexibility to accelerate platform development, strengthen our balance sheet, and pursue high-impact opportunities across our ecosystem.”
According to the company, the convertible note facility will be used to advance key elements of its DAT+ roadmap, including technology development, strategic partnerships and expansion across its core business areas.
The sharp premarket rally suggests investors welcomed the scale of the financing and the added capital flexibility it provides as Black Titan moves forward with its digital asset infrastructure plans.