DDC Enterprise Enhances Corporate Treasury with Purchase of 21 Bitcoins, Aiming for 500 in Six Months

In a significant move for corporate treasury management, DDC Enterprise (NYSE: DDC) has successfully acquired its first tranche of 21 bitcoins, totaling around $2.28 million. This acquisition marks a strategic pivot towards integrating Bitcoin into its financial portfolio, executed through the issuance of 254,333 shares of Class A common stock in an equity swap. The company, which specializes in cross-border consumer goods e-commerce, intends to further bolster its crypto holdings by purchasing an additional 79 bitcoins in the coming days, effectively aiming for a total of 100 bitcoins. Looking ahead, CEO Norma Chu has unveiled ambitious plans to increase the Bitcoin reserve to 500 bitcoins within six months and eventually reach 5,000 bitcoins over the next three years. This initiative underscores the growing trend of institutional adoption of cryptocurrency as a viable treasury asset.