DDC Enterprise added 90 BTC to its holdings on Wednesday, bringing the company's total bitcoin position to 2,804 BTC and placing it 28th among publicly traded corporate holders of the cryptocurrency, according to Bitcoin Treasuries data. The purchase occurred during a broader decline in bitcoin's market price, with the company stating 'When the market offers discounts, we lean in' in an X post. Bitcoin is trading below $63,000 on Thursday, down 6.7% in the last 24 hours and more than 40% over the past 12 months, according to The Block's BTC price page.
DDC Enterprise Reports 2,804 BTC Holdings and 48.3% Year-to-Date Yield
DDC Enterprise reported an average acquisition cost of $78,736 per bitcoin following the latest purchase. The company disclosed a year-to-date BTC yield of 48.3% and 0.058945 BTC per 1,000 shares. The 90 BTC acquisition brings the company's total holdings to 2,804 BTC, ranking it 28th among publicly traded corporate holders of the cryptocurrency, according to Bitcoin Treasuries data.
Bitcoin Trades Below $63,000 Amid 24-Hour Decline
Bitcoin is trading below $63,000 on Thursday, down 6.7% in the last 24 hours, according to The Block's BTC price page. The benchmark cryptocurrency has fallen more than 40% over the past 12 months. DDC Enterprise framed the 90 BTC purchase as opportunistic in an X post on Wednesday, writing: 'When the market offers discounts, we lean in.'
DDC Enterprise Operates Asian Food Brands and Targets 5,000 BTC by End of 2026
DDC Enterprise operates Asian food brands including DayDayCook, Nona Lim, and Yai's Thai. The company has increasingly focused on bitcoin accumulation while maintaining its food business operations. DDC has set a target of reaching 5,000 BTC by the end of 2026.
Company Outlined $124 Million Equity Raise and Received Benchmark Buy Rating in April
DDC Enterprise previously outlined a $124 million equity raise intended to accelerate its bitcoin accumulation strategy. In April, Benchmark initiated coverage of the company with a Buy rating and a $3 price target, citing what it described as a 'clear runway' for DDC to expand its bitcoin holdings to 5,000 BTC by the end of the year.
DDC Shares Closed at $1.18 on Wednesday
DDC shares closed at $1.18 on Wednesday, down 7.1% on the session, according to Yahoo Finance data.
FAQ
What did DDC Enterprise announce on Wednesday?
DDC Enterprise announced the addition of 90 BTC to its holdings on Wednesday, bringing the company's total bitcoin position to 2,804 BTC. The company stated 'When the market offers discounts, we lean in' in an X post, framing the purchase as opportunistic during a broader decline in bitcoin's market price.
How much bitcoin does DDC Enterprise hold and what is its ranking among corporate holders?
DDC Enterprise holds 2,804 BTC, placing it 28th among publicly traded corporate holders of the cryptocurrency, according to Bitcoin Treasuries data. The company reported an average acquisition cost of $78,736 per bitcoin and a year-to-date BTC yield of 48.3%.
What is DDC Enterprise's bitcoin accumulation target?
DDC Enterprise has set a target of reaching 5,000 BTC by the end of 2026. The company previously outlined a $124 million equity raise intended to accelerate its bitcoin accumulation strategy while maintaining its food business operations, which include Asian food brands DayDayCook, Nona Lim, and Yai's Thai.
