New York Stock Exchange-listed Hong Kong company DDC Enterprise has completed its first Bitcoin purchase.
In a statement on the 23rd, DDC announced that it would set aside 21 bitcoins as a first step as part of a larger plan to secure 5,000 bitcoins over the next three years.
DDC, also known as DayDayCook, a convenience food company, said it had purchased about 254,333 shares of its own stock for 21 Bitcoins.
The transaction was worth $280,000. The company added that it plans to "purchase an additional 79 Bitcoins in two installments over the next few days, bringing its total holdings to 100 BTC."
This purchase marks the beginning of a mid- to long-term Bitcoin investment plan announced on May 15th, with DDC prioritizing the allocation of 500 BTC by the end of 2025 and a three-year target of 100%.
According to Bitbo statistics, if DDC already holds 5,000 BTC, this would be the largest Bitcoin holdings by a listed company.
This puts it outside the top 10 in the rankings, behind only investment firm Metaplanet (Metaplanet-7800 BTC).
2025/05/27 14:39 KST
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