Hong Kong-based DDC Enterprise (DayDayCook) has made its first Bitcoin purchase, acquiring 21 $BTC for $2.28M in stock. The company plans to accumulate 5,000 BTC over 3 years, starting with 100 BTC by the end of this month. https://t.co/SH4FzyOXyZ
🚨JUST IN: HONG KONG’S DDC ENTERPRISE BUYS 21 BITCOIN AS PART OF A 3-YEAR PLAN TO ACQUIRE 5,000 $BTC
🚨📈 DDC Enterprise just bought 21 BTC in a $2.28M share swap, kicking off its bitcoin treasury strategy. • First tranche of 100 BTC plan. • Targeting 5,000 BTC by 2027. • CEO calls it a long-term value move.



Jiuzi Holdings, a Chinese electric vehicle manufacturer, has announced plans to purchase 1,000 Bitcoins over the next year. The acquisition will be financed through a combination of stock issuance and cash, following approval by the company's board. This move aligns with Jiuzi Holdings' strategic shift toward digital assets, emphasizing Bitcoin's liquidity and growth potential. Separately, Hong Kong-based DDC Enterprise, an Asian food company, has initiated its Bitcoin treasury strategy by acquiring 21 Bitcoins for $2.28 million in a stock swap. This purchase represents the first tranche of a broader plan to accumulate 5,000 Bitcoins by 2027. The company's CEO described the strategy as a long-term value investment. Despite the announcement, DDC Enterprise's shares dropped over 12%, raising questions about the suitability of Bitcoin strategies for all companies.