DDC Boosts Bitcoin Holdings to Target $1B Reserve

DDC Enterprise Limited, based in the Cayman Islands and founded in 2012, has recently purchased an additional 100 bitcoins, marking its third acquisition in just a week's time. CEO Norma Chu stated, "We are accelerating the pace of our Bitcoin acquisitions. Our recent momentum results from our strong foundation and successful partnerships. We are here for the long haul, and patience in preparation pays off in execution." Chu aims to build a reserve of 10,000 BTC, valued at approximately $1.1 billion at current prices. So far, DDC has acquired bitcoins at an average price of $104,538, achieving a remarkable 1,195% yield increase since its first purchase in May. The company is primarily known as a multi-brand Asian consumer food company, offering ready-to-cook meals under the DayDayCook, Nona Lim, and Yai's Thai brands across markets including Mainland China, Hong Kong, and the United States. Upon launching its crypto treasury strategy, DDC expressed its goal to acquire 5,000 BTC within the first three years, utilizing profits to fund these token purchases—unlike many competitors in the space. In 2024, the company reported $37.4 million in revenue, a 33% increase year-over-year, and improved its gross profit margin to 28.4% from 25.0% in 2023, driven by expansion into the U.S. market. "Bitcoin’s unique properties as a store of value and hedge against economic uncertainty align perfectly with our vision to diversify reserves and enhance shareholder returns," said Chu in a letter to shareholders. Following these developments, DDC's stock rose by 25% to $12.84, according to Yahoo Finance. Disclaimer: The Block is an independent media outlet delivering news, research, and data. Foresight Ventures is the majority investor, actively investing in crypto companies. The Block operates independently to provide objective information on the crypto industry.