Mainland China, known for its strict stance on cryptocurrency, may be moving towards adoption as DayDayCook, a US consumer brand with operations in China, revealed a Bitcoin reserve plan. The company has purchased 100 BTC worth $10.4 million and aims to acquire 5,000 BTC in 36 months. Despite a revenue increase, their SEC filings do not explicitly mention Bitcoin holdings. The CEO stated their focus on Bitcoin accumulation to lead in digital asset innovation. While the annual report doesn't detail Bitcoin plans, hints suggest a move towards adopting BTC as a new asset class. China's regulatory environment remains restrictive, but speculation arises about a potential lift on the crypto ban. DDC's operations in China and Hong Kong are influenced by local developments. The company's approach aligns with new crypto disclosure guidelines, indicating a shift towards embracing digital assets. Read more AI-generated news on: https://app.chaingpt.org/news

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