According to Foresight News, DDC Enterprise, a cross-border consumer goods e-commerce group listed on the NYSE, has announced the acquisition of its first batch of 21 bitcoins. This move is part of the company's strategy to incorporate bitcoin into its reserves. The acquisition, valued at approximately $2.28 million, was completed through an equity exchange involving the issuance of 254,333 shares of Class A common stock.
DDC Enterprise plans to purchase an additional 79 bitcoins in the coming days, which will bring its total bitcoin reserves to 100. In a letter to shareholders, Norma Chu, the company's founder and CEO, revealed the goal of accumulating 500 bitcoins within six months and reaching 5,000 bitcoins over the next three years.
