DDC Enterprise completes first 21 BTC acquisitions, accelerating bitcoin reserve strategy
2025-05-24 01:32:23
According to Business Wire, DDC Enterprise (NYSE: DDC) announced the completion of its first 21 bitcoin (BTC) acquisitions as part of its strategy to include bitcoin in the company's reserves.
The company exchanged the 21 bitcoins by issuing 254,333 shares of DDCA common stock to the investor group, with a current market value of approximately $2.2837 million. DDC expects to complete two additional purchases in the coming days to acquire the remaining 79 bitcoins, and the company will hold 100 bitcoins upon completion.
The company exchanged the 21 bitcoins by issuing 254,333 shares of DDCA common stock to the investor group, with a current market value of approximately $2.2837 million. DDC expects to complete two additional purchases in the coming days to acquire the remaining 79 bitcoins, and the company will hold 100 bitcoins upon completion.
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