DDC Enterprise completes its first batch of 21 BTC acquisitions, accelerating its Bitcoin reserve strategy
According to Business Information, DDC Enterprise(NYSE:DDC) announced the completion of the acquisition of the first 21 Bitcoin (BTC) as part of its strategy to include Bitcoin in the company's reserves. The company exchanged for these 21 bitcoins by issuing 254,333 DDCA common shares to Investor Group, with a current market value of approximately US$2.2837 million. DDC expects to complete two additional purchases in the next few days to obtain the remaining 79 bitcoins, after which the company will hold 100 bitcoins.
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