DDC Enterprise Ltd. Expands Bitcoin Holdings with Third Acquisition, Total Reaches 688 BTC
Reuters
Aug 21
DDC Enterprise Ltd. Expands Bitcoin Holdings with Third Acquisition, Total Reaches 688 BTC
DDC Enterprise Ltd. has announced the acquisition of an additional 100 Bitcoin, marking its third purchase in just eight days and bringing its total holdings to 688 BTC. This move is part of the company's strategy to expand its treasury, with an average cost per bitcoin at USD 104,538. The acquisitions have increased the company's yield by 1,195% compared to its first purchase in May. CEO Norma Chu stated that the company is accelerating its Bitcoin acquisitions to reach a target of 10,000 BTC by the end of 2025. The updated holdings now translate to 0.082779 BTC per 1,000 DDC shares, enhancing shareholder value.
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