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 Trade beneath 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 creating a ten,000 BTC treasury, presently valued at roughly $1.2 billion at present costs.
Chu mentioned 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
Not like different firms that depend on financing or debt issuance, DDC has reportedly used operational earnings to fund its Bitcoin purchases.
The corporate has to date gathered the flagship crypto at a mean value of about $104,538 and claims to have achieved a 1,195% yield since its first buy in Might.
DDC’s core enterprise focuses on ready-to-cook and ready-to-eat Asian delicacies, distributed beneath 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 improve. Its gross revenue margin improved to twenty-eight.4%, up from 25% in 2023, pushed by deeper enlargement into the U.S. market.
Hedge in opposition to 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 in opposition to macroeconomic uncertainty and mentioned its distinctive traits make it a strong retailer of worth.
Following the announcement, DDC shares surged 25% to $12.84, in keeping with 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 listing of public companies 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 beneath one increasing enterprise.