TL;DR:
- DDC Enterprise purchased an additional 90 BTC at an average cost of $78,736 per unit.
- The company’s treasury rises to 2,804 BTC, placing it 28th globally among public corporate holders according to Bitcoin Treasuries.
- The company’s shares closed 7.1% lower on Wednesday, trading at $1.18 per share.
Last Wednesday, DDC Enterprise purchased a package of 90 BTC to increase its corporate reserves to 2,804 Bitcoins, an action executed amid a severe general price correction in the crypto market.
The information was revealed by the company through its official X account, where they also described the transaction as an opportunistic purchase given the pullback in prices. According to the company’s records, the average purchase cost is $78,736 per asset, achieving a year-to-date asset yield of 48.3% and a ratio of 0.058945 BTC per 1,000 outstanding shares.
Corporate strategy against the asset market
This opportunistic purchase coincides with a bearish session for the crypto sector. Market data for Thursday at the time of writing places the price of Bitcoin below the $63,000 threshold, representing a 6.7% drop in the last 24 hours of the trading cycle.
The pioneer crypto registers a decline of more than 40% in its year-over-year comparison over the last 12 months. According to reports from industry analysts, these short-term fluctuations could be a response to global macroeconomic volatility and the repositioning of institutional investors in the U.S. market.
DDC Enterprise commercially operates various food brands on the Asian continent, notably DayDayCook, Nona Lim, and Yai’s Thai. The company maintains the active management of these processed food businesses while implementing its parallel model of wealth accumulation in digital assets.
Financing and institutional projections
To sustain the pace of purchases, management structured a capital-raising plan through an equity issuance valued at $124 million. According to company data, the funds raised have the specific objective of accelerating the acquisition and safeguarding of the digital asset within its balance sheet.
In the financial and stock analysis arena, the firm Benchmark initiated formal coverage of the company last April, granting it a Buy rating with an assigned price target of $3 per share. Estimates published by Benchmark project that the corporation has the necessary liquidity to expand its monetary reserves. The accumulation goal established by DDC Enterprise’s board of directors is set to reach a total of 5,000 BTC by the close of the year 2026.
