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NEW YORK - DDC Enterprise Limited (NYSE:DDC), a company that has seen its stock surge over 200% year-to-date according to InvestingPro data, announced Wednesday a collaboration with Gemini Trust Company LLC to strengthen the management and security of its Bitcoin holdings.
The partnership will provide DDC with institutional-grade infrastructure for its expanding Bitcoin treasury operations, focusing on enhanced security, compliance, and operational efficiency in digital asset management. The move comes as DDC maintains a strong balance sheet with more cash than debt, according to InvestingPro analysis.
"This collaboration with Gemini marks a critical evolution in our Bitcoin treasury approach," said Norma Chu, Founder, Chairwoman, and CEO of DDC. "Gemini’s expertise in secure custody and advanced trading technology enables us to optimize our Bitcoin holdings with confidence and precision."
The arrangement will equip DDC with Gemini’s trading and custody solutions, allowing the company to respond more effectively to market dynamics while maintaining security standards. Marshall Beard, COO at Gemini, noted that the partnership would provide "secure, compliant, and innovative infrastructure" for DDC’s digital asset strategy.
DDC Enterprise, which describes itself as a leading global Asian food platform, has been strategically positioning Bitcoin as a core reserve asset while continuing to develop its culinary brands portfolio. The company has demonstrated strong revenue growth of 33% in the last twelve months, reaching $37.45 million, though InvestingPro analysis indicates profitability remains a challenge. InvestingPro subscribers have access to over 10 additional key insights about DDC’s financial health and market performance.
The collaboration follows previous partnerships with other crypto service providers as part of DDC’s ongoing development of its digital asset management approach, according to the company’s press release statement.
Gemini, founded by Cameron and Tyler Winklevoss in 2014, offers crypto products and services across more than 60 countries for both individuals and institutions.
In other recent news, DDC Enterprise Limited has made significant strides in expanding its Bitcoin holdings and enhancing its treasury management strategies. The company announced the acquisition of an additional 200 Bitcoin, bringing its total holdings to 888 BTC, more than double the amount held at the beginning of August. This purchase marks the fourth acquisition of Bitcoin by DDC this month, underscoring its commitment to Bitcoin as a core reserve asset. Earlier, DDC had also acquired 100 Bitcoin, followed by another purchase of 120 Bitcoin, pushing its total holdings to 688 BTC and 488 BTC, respectively, during different points in the month.
Additionally, DDC Enterprise has entered into strategic partnerships to optimize its Bitcoin treasury management. The company has collaborated with Galaxy Digital to access institutional trading platforms and services, enhancing its liquidity and execution strategies. This partnership also ensures enterprise-grade security and regulatory compliance for DDC’s digital asset reserves. In another development, DDC has teamed up with QCP Group to develop yield enhancement strategies for its Bitcoin holdings, focusing on generating income through derivatives while maintaining security standards. These recent developments highlight DDC’s proactive approach in managing and expanding its digital asset portfolio.
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