Hong Kong-based DDC Enterprise Restricted has added one other 100 Bitcoin (BTC) to its steadiness sheet, accelerating efforts to construct a digital asset reserve of over $1 billion.
The meals conglomerate listed on the New York Inventory Change underneath ticker DDC confirmed on Oct. 8 that this marks its third Bitcoin buy in every week.
The newest acquisition brings the corporate nearer to CEO and Chair Norma Chu’s objective of building a ten,000 BTC treasury, at the moment valued at roughly $1.2 billion at present costs.
Chu stated DDC is “accelerating the tempo” of Bitcoin acquisitions after laying a robust operational basis. She additional emphasised that the agency’s progress displays years of preparation and partnership-building.
Funding reserves with earnings
In contrast to different firms that depend on financing or debt issuance, DDC has reportedly used operational earnings to fund its Bitcoin purchases.
The corporate has thus far amassed the flagship crypto at a median worth of about $104,538 and claims to have achieved a 1,195% yield since its first buy in Could.
DDC’s core enterprise focuses on ready-to-cook and ready-to-eat Asian delicacies, distributed underneath the DayDayCook, Nona Lim, and Yai’s Thai manufacturers throughout Mainland China, Hong Kong, and the US.
The corporate generated $37.4 million in income in 2024, representing a 33% year-over-year enhance. Its gross revenue margin improved to twenty-eight.4%, up from 25% in 2023, pushed by deeper growth into the U.S. market.
Hedge towards uncertainty
Chu has framed Bitcoin as a strategic reserve asset that strengthens DDC’s monetary place amid international uncertainty.
She beforehand known as BTC a strategic hedge towards macroeconomic uncertainty and stated its distinctive traits make it a stable retailer of worth.
Following the announcement, DDC shares surged 25% to $12.84, in response to information from Yahoo Finance.
The corporate initially focused 5,000 BTC over 36 months however has since doubled its ambition, becoming a member of a rising checklist of public corporations turning to Bitcoin as a balance-sheet reserve asset.
DDC’s transfer positions it among the many extra unconventional gamers in company treasury administration, bridging shopper items and crypto funding underneath one increasing enterprise.
