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NEW YORK - DDC Enterprise Limited (NYSE:DDC), a $102 million market cap company currently trading near $11.1, announced Thursday a collaboration with Galaxy Digital Inc. (NASDAQ/TSX:GLXY) to enhance its corporate Bitcoin treasury management strategy. According to InvestingPro data, DDC maintains more cash than debt on its balance sheet, positioning it well for this strategic move.
The partnership will provide DDC with access to Galaxy’s institutional trading platform and services, offering the food platform company deeper liquidity and execution strategies for managing its Bitcoin holdings. The arrangement includes enterprise-grade security protocols and regulatory compliance controls for DDC’s digital asset reserves. This move comes as DDC shows strong revenue growth of 33% in the last twelve months, though InvestingPro analysis indicates the company is currently burning through cash rapidly.
"Joining forces with Galaxy marks a milestone in our mission to establish the world’s most sophisticated corporate Bitcoin treasury," said Norma Chu, Founder, Chairwoman and CEO of DDC.
Jason Urban, Global Head of Trading at Galaxy, stated, "Our trading infrastructure and services are built for exactly this level of institutional ambition."
The collaboration aims to integrate advanced trading capabilities with secure digital asset management, allowing DDC to optimize its operations while maintaining security standards. Galaxy’s platform includes a multi-custodial model for managing digital assets.
DDC Enterprise, which operates Asian food brands including DayDayCook, Nona Lim, and Yai’s Thai, has been incorporating Bitcoin as a core reserve asset as part of its financial strategy while continuing to develop its culinary business. The company’s stock has shown remarkable momentum, with a 179% price return over the past six months, though investors should note its historically high price volatility. For comprehensive analysis and additional insights, including 12 more exclusive ProTips, visit InvestingPro.
Galaxy Digital, headquartered in New York with offices across multiple continents, provides institutional services for digital assets and operates data center infrastructure for AI and high-performance computing.
The announcement was made through a press release issued by DDC Enterprise Limited.
In other recent news, DDC Enterprise Limited has been actively bolstering its financial strategies concerning its Bitcoin holdings. The company filed a $500 million universal shelf registration statement with the U.S. Securities and Exchange Commission, allowing it to raise funds through future securities offerings to expand its Bitcoin assets. This filing aligns with DDC’s recent capital commitment of up to $528 million, with $53 million already secured from partners such as Anson Funds and Animoca Brands. Additionally, DDC has secured financing agreements totaling $528 million, which include a $26 million equity private investment and a $300 million convertible secured note with Anson Funds.
The company also announced a partnership with QCP Group to enhance its Bitcoin treasury yield strategy through derivatives and other institutional-grade instruments. In a move to strengthen its leadership, DDC appointed Kyu Ho as Chief of Staff, bringing over 20 years of experience in finance and digital asset investing. These developments reflect DDC’s strategic focus on expanding and optimizing its Bitcoin-related activities.
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