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DDC Enterprise Limited (DDC) acquired 100 Bitcoin, bringing its total cryptocurrency holdings to 1,183 BTC, the company announced. The global Asian food platform and digital asset treasury company made the purchase as part of its systematic accumulation strategy.
The acquisition increases DDC’s average cost per bitcoin holding to $106,952. The company reported its updated holdings translate to 0.039760 BTC per 1,000 DDC shares.
DDC executed the purchase during what it characterized as a market pullback and consolidation period. The company reported a second-half Bitcoin yield to date of 122%.
"Our approach is defined by discipline, patience, and long-term conviction," said Norma Chu, Founder, Chairwoman and CEO of DDC. "Rather than responding to day-to-day price fluctuations, we rely on our robust governance and risk-management capabilities to guide when and how we deploy capital."
The company positions itself as participating in what it terms the corporate Bitcoin treasury revolution while maintaining its Asian food platform business. DDC operates a portfolio of culinary brands alongside its Bitcoin accumulation strategy.
The information is based on a company press release statement.