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NEW YORK - DDC Enterprise Limited (NYSE:DDC), a $94 million market cap company that has seen its stock surge 138% year-to-date, has acquired an additional 100 Bitcoin (BTC), bringing its total holdings to 688 BTC, according to a press release statement issued Thursday.
This marks the company’s third Bitcoin purchase in eight days as it continues to implement its Bitcoin treasury strategy. The company reports an average cost per Bitcoin of $104,538 across its holdings. According to InvestingPro, DDC’s stock has demonstrated significant momentum with a 93% gain over the past six months, though analysts note the stock typically trades with high volatility.
DDC, which operates as an Asian food platform with brands including DayDayCook, Nona Lim, and Yai’s Thai, has positioned Bitcoin as a core reserve asset while maintaining its culinary business operations. The company’s core business has shown strong growth, with revenue increasing 33% in the last twelve months, though InvestingPro data indicates the company is currently burning through cash at a concerning rate.
"We are accelerating the pace of our Bitcoin acquisitions," said Norma Chu, Founder, Chairwoman, and CEO of DDC. "Our recent momentum was made possible because we invested the time to build a strong foundation and the right partnerships."
The company stated that its current Bitcoin holdings translate to 0.082779 BTC per 1,000 DDC shares. The firm also reported a 1,195% yield increase compared to its initial purchase in May.
According to the announcement, DDC has established a goal of accumulating 10,000 BTC by the end of 2025. The latest acquisition represents progress toward that target as the company continues to integrate Bitcoin into its financial structure. Get access to 10+ additional exclusive InvestingPro Tips and comprehensive financial metrics to better understand DDC’s investment potential.
In other recent news, DDC Enterprise Limited has made significant strides in its Bitcoin strategy. The company announced the acquisition of 120 Bitcoin, increasing its total holdings to 488 BTC. Alongside this, DDC Enterprise has filed a $500 million universal shelf registration with the U.S. Securities and Exchange Commission to fund further Bitcoin purchases. This filing allows the company to raise capital through future securities offerings, with specific terms to be detailed later.
Additionally, DDC Enterprise has formed strategic partnerships to enhance its Bitcoin treasury management. A collaboration with Galaxy Digital provides DDC with access to advanced trading platforms and services, ensuring better liquidity and execution strategies. Another partnership with QCP Group aims to develop yield enhancement strategies for DDC’s Bitcoin holdings through derivatives and other institutional-grade instruments. These developments reflect DDC Enterprise’s focused approach to managing and expanding its digital asset reserves while maintaining security and compliance standards.
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