DDC Enterprise Ltd. Doubles Bitcoin Holdings in August, Reaching 888 BTC with Strategic Purchases
Reuters
Aug 25
DDC Enterprise Ltd. Doubles Bitcoin Holdings in August, Reaching 888 BTC with Strategic Purchases
DDC Enterprise Ltd. has significantly expanded its Bitcoin holdings, acquiring an additional 200 BTC in its fourth purchase this August. The company's total Bitcoin holdings now stand at 888 BTC, more than doubling from the 368 BTC held at the start of the month. With an average cost per Bitcoin of USD 107,447, DDC has achieved a 1572% yield increase compared to its initial purchase in May. This strategic move underscores the company's commitment to becoming a leading Bitcoin treasury firm, as emphasized by CEO Norma Chu, who highlighted the disciplined and conviction-driven approach behind the rapid expansion. The enhanced holdings now translate to 0.106853 BTC per 1,000 DDC shares, reflecting increased shareholder value.
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