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Publicly listed company DDC Enterprise increases holdings by 200 Bitcoin, total position rises to 2383 BTC
Mars Finance reports that DDC Enterprise, a U.S. publicly traded company, has purchased an additional 200 Bitcoins, increasing its total holdings to 2,383 BTC, worth approximately $165 million. The average purchase price was $79,969. The company reports a “BTC return rate” of 44.9% since the beginning of the year. DDC currently ranks 32nd among publicly traded companies by Bitcoin holdings. The company previously set a goal to establish a Bitcoin treasury of 10,000 BTC by the end of 2025, but in recent months, the market has experienced significant volatility, with Bitcoin dropping from a high of $126,000 at the end of last year to a recent range of $68,000 to $75,000. DDC’s stock price has fallen about 80% over the past six months, while Bitcoin has declined approximately 45% during the same period.