The cross-border e-commerce company DDC Enterprise has purchased its first batch of 21 BTC and plans to purchase another 79 BTC in the coming days.
According to HashChain News, the cross-border consumer goods e-commerce group DDC Enterprise announced that it has completed the purchase of the first 21 bitcoins as part of the company's Bitcoin reserve strategy. This purchase was made through the issuance of 254,333 Class A common shares in exchange for equity, with a total amount of approximately 2.28 million USD. DDC plans to purchase another 79 bitcoins in the near future, bringing its Bitcoin reserves to a total of 100 bitcoins. The company's founder and CEO, Norma Chu, revealed in a letter to shareholders that the company's goal is to accumulate 500 bitcoins within six months and to reach 5,000 bitcoins within three years.