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Cross-border e-commerce DDC Enterprise has purchased the first batch of 21 BTC and plans to buy an additional 79 BTC in the coming days.
,$BTC
On May 24th, as per Businesswire, the cross-border consumer goods e-commerce group DDC Enterprise (NYSE: DDC) announced the accomplishment of the first batch purchase of 21 bitcoins as part of its corporate treasury strategy that incorporates Bitcoin. The company managed to complete this purchase of approximately $2.28 million worth of Bitcoin by means of issuing 254,333 shares of Class A common stock in an equity swap transaction. DDC intends to finish the purchase of the remaining 79 bitcoins in the coming few days, and at that time, its Bitcoin reserve will reach 100 bitcoins. The company's founder and CEO, Norma Chu, disclosed in a shareholder letter that the objective is to accumulate 500 bitcoins within six months and achieve 5,000 bitcoins within three years.
Looking for smartmoney onchain
Cross-border e-commerce DDC Enterprise has purchased the first batch of 21 BTC and plans to buy an additional 79 BTC in the coming days.
,$BTC
On May 24th, as per Businesswire, the cross-border consumer goods e-commerce group DDC Enterprise (NYSE: DDC) announced the accomplishment of the first batch purchase of 21 bitcoins as part of its corporate treasury strategy that incorporates Bitcoin. The company managed to complete this purchase of approximately $2.28 million worth of Bitcoin by means of issuing 254,333 shares of Class A common stock in an equity swap transaction. DDC intends to finish the purchase of the remaining 79 bitcoins in the coming few days, and at that time, its Bitcoin reserve will reach 100 bitcoins. The company's founder and CEO, Norma Chu, disclosed in a shareholder letter that the objective is to accumulate 500 bitcoins within six months and achieve 5,000 bitcoins within three years.
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