DDC Enterprise Limited (DDC) acquired an additional 230 Bitcoin for its corporate treasury, bringing the company’s total Bitcoin holdings to 368 BTC, according to a press release issued today.
The purchase represents a 48.3% yield increase compared to the company’s previous Bitcoin acquisition in mid-June. DDC’s average cost per Bitcoin holding stands at $90,764, and the company now holds 0.04426 BTC per 1,000 DDC shares.
"The newly acquired Bitcoin builds on our conviction that Bitcoin is the most sound and strategic treasury asset available for long-term value preservation," said Norma Chu, Founder, Chairwoman and CEO of DDC Enterprise.
DDC Enterprise operates as a global Asian food platform with culinary brands including DayDayCook, Nona Lim, and Yai’s Thai. The company has positioned Bitcoin as a core reserve asset as part of its corporate treasury strategy.
The information is based on a company press release statement.