The famous Chinese company DDC Enterprise announced that they buy Bitcoin in a large number.
This interest of company shows that DDC is the most crypto forward company in Asia.
According to spokes person of DDC ,they purchased 38 Bitcoin this week.
Bringing the total holding of approximately 11000 BTC worth over $770.
The basic purpose of DDC is to produce new opportunities for investment and
Hedge against inflation.
According to the CEO of DDC digital assets specialy BTC becoming the critical part of their long term financial strategy and they believe in stability and future of block chain and crypto currency.
In the past 12 months this is the 3rd major buying of BTC by DDC.
This shows that DDC is seriously adding crypto in their basic business model.
The circle of this company is AI,internet of things(IOT),cloud computing.
Although the crypto currency in china is stringent but DDC operates through off shore companies.
Also this company monitoring HONG KONGS digital assets which opens the door for new investors in future.
After the news of DDC buying of BTC we can see a slight increase in the price of BTC.This is the symbol of stability in the market.
The continues buying of BTC from DDC reflects that Chinese companies are again entering in crypto market.
As Blockchain technology making it's acceptance at international level, companies like DDC making their position in crypto world of Asia.