Key Takeaways
- DDC launched a Bitcoin reserve technique concentrating on 5,000 BTC.
- The agency started with a 100 BTC buy and plans to succeed in 500 BTC in six months.
- DDC reported $37.4M income in 2024, up 33% year-over-year.
DDC Enterprise Restricted (NYSEAM: DDC) has introduced a significant shift in its treasury administration technique with plans to build up as much as 5,000 Bitcoin over the subsequent three years.
The announcement got here alongside DDC’s full-year 2024 outcomes, launched Thursday in a shareholder letter by CEO and founder Norma Chu.
Preliminary Bitcoin acquisition
The Hong Kong-founded, New York-listed firm confirmed the fast buy of 100 BTC and goals to accumulate 500 BTC inside six months.
Its long-term aim is to carry 5,000 BTC by 2028.
Chu stated:
Bitcoin’s distinctive properties as a retailer of worth and hedge in opposition to macroeconomic uncertainty align completely with our imaginative and prescient.
Technique administration
The technique can be managed by a newly shaped treasury group and a crypto-native advisory board to make sure disciplined and risk-aware execution.
Monetary efficiency
The initiative follows a 12 months of robust monetary efficiency.
DDC reported $37.4 million in 2024 income, a 33% year-over-year improve, pushed by U.S. model acquisitions and secure development in China.
Gross margin rose to twenty-eight.4%, and adjusted EBITDA loss narrowed to $3.5 million.
Stability sheet enchancment
The corporate’s steadiness sheet additionally improved, with shareholders’ fairness up 33% to $11.3 million and $23.6 million in money and short-term investments as of March 31.
Future development prospects
Along with the Bitcoin technique, DDC expects additional development from a brand new three way partnership in China projected to ship $3 million in annual web revenue for the subsequent 5 years.