DDC Enterprise adds 90 BTC, lifts holdings to 2,804
DDC Enterprise added 90 BTC in its latest purchase as the company continued building its bitcoin treasury position during a broader decline in the asset's market price. The acquisition brings the company's total bitcoin holdings to 2,804 BTC, placing it 28th among publicly traded corporate holders of the cryptocurrency, according to Bitcoin Treasuries data.
In an X post on Wednesday, the company framed the purchase as opportunistic, writing: "When the market offers discounts, we lean in."
DDC reported an average acquisition cost of $78,736 per bitcoin, a year-to-date BTC yield of 48.3%, and 0.058945 BTC per 1,000 shares. 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 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 and 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. 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, down 7.1% on the session, according to Yahoo Finance data.
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