DDC Enterprise Ltd. Expands Bitcoin Holdings with Acquisition of 100 BTC, Aims for 10,000 BTC by 2025
Reuters
Aug 18
DDC Enterprise Ltd. Expands Bitcoin Holdings with Acquisition of 100 BTC, Aims for 10,000 BTC by 2025
DDC Enterprise Ltd. has announced the acquisition of 100 Bitcoin as part of its strategic plan to expand its corporate treasury. This marks the company's second Bitcoin purchase within a week, elevating its total holdings to 588 BTC. The acquisition aligns with DDC's long-term objective to build one of the world's leading public Bitcoin treasuries. With this purchase, the company's average cost per Bitcoin stands at USD 102,144, and the yield has improved by 1007% compared to its initial purchase in May. DDC's updated holdings now translate to 0.070741 BTC per 1,000 DDC shares. CEO Norma Chu highlighted the company's commitment to enhancing shareholder value and achieving a near-term goal of 10,000 BTC by the end of 2025, aiming to position DDC among the top three public Bitcoin treasury companies globally.
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