DDC Enterprise accelerates Bitcoin treasury plans with third purchase in a week
Hong Kong-based DDC Enterprise Limited has added one other 100 Bitcoin (BTC) to its steadiness sheet, accelerating efforts to construct a digital asset reserve of over $1 billion.
The meals conglomerate listed on the New York Stock Exchange underneath ticker DDC confirmed on Oct. 8 that this marks its third Bitcoin purchase in a week.
The newest acquisition brings the corporate nearer to CEO and Chair Norma Chu’s purpose of building a 10,000 BTC treasury, at the moment valued at roughly $1.2 billion at present costs.
Chu mentioned DDC is “accelerating the tempo” of Bitcoin acquisitions after laying a sturdy operational basis. She additional emphasised that the agency’s progress displays years of preparation and partnership-building.
Funding reserves with income
Unlike different companies that depend on financing or debt issuance, DDC has reportedly used operational income to fund its Bitcoin purchases.
The firm has up to now amassed the flagship crypto at a mean worth of about $104,538 and claims to have achieved a 1,195% yield since its first purchase in May.
DDC’s core enterprise focuses on ready-to-cook and ready-to-eat Asian delicacies, distributed underneath the DayDayCook, Nona Lim, and Yai’s Thai manufacturers throughout Mainland China, Hong Kong, and the US.
The firm generated $37.4 million in income in 2024, representing a 33% year-over-year improve. Its gross revenue margin improved to twenty-eight.4%, up from 25% in 2023, pushed by deeper enlargement into the U.S. market.
Hedge towards uncertainty
Chu has framed Bitcoin as a strategic reserve asset that strengthens DDC’s monetary place amid international uncertainty.
She beforehand known as BTC a strategic hedge towards macroeconomic uncertainty and mentioned its distinctive traits make it a strong retailer of worth.
Following the announcement, DDC shares surged 25% to $12.84, in keeping with information from Yahoo Finance.
The firm initially focused 5,000 BTC over 36 months however has since doubled its ambition, becoming a member of a rising record of public corporations turning to Bitcoin as a balance-sheet reserve asset.
DDC’s transfer positions it among the many extra unconventional gamers in corporate treasury management, bridging shopper items and crypto funding underneath one increasing enterprise.
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