DDC Enterprise Acquires 21 BTC for Corporate Treasury Strategy
DDC Enterprise (DDC) has acquired 21 BTC as part of its strategy to integrate cryptocurrency into its treasury. The purchase involved exchanging 254,333 class A ordinary shares for BTC, valued at approximately $2.28 million.
Key details:
- DDC plans to accumulate up to 500 BTC in six months and aims for 5,000 BTC in three years.
- Two additional purchases totaling 79 BTC are expected soon, bringing total holdings to 100 BTC.
- Despite the acquisition, DDC's shares dropped over 12% in recent trading, contrasting with positive movements seen by other companies adopting similar strategies.
DigiAsia (FAAS) experienced a share price increase of more than 90% after revealing a $100 million BTC treasury plan earlier this month.